Tandem Friends School

Analysis

Tandem Friends School is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in August 1970, 56 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tandem Friends School reported income of $7.9m and spending of $7.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.9m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tandem Friends School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Issue One ($7.9m), My Possibilities ($7.9m) and Childserve Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $345k (4.6% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $11.5m against liabilities of $1.9m, net assets of $9.6m. It reported 98 employees.