Tekeyan Cultural Association Inc

Analysis

Tekeyan Cultural Association Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tekeyan Cultural Association Inc reported income of $1.4m and spending of $2.1m, spending 152% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.4m to $1.4m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tekeyan Cultural Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Red Bull Theater Inc ($1.4m), Music Maker Foundation Inc ($1.4m) and Basis Research Institute ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $154k (7.4% of expenses). Other salaries and wages came to $146k. At year end it held assets of $18.2m against liabilities of $423k, net assets of $17.8m. It reported 3 employees.