Tasks Unlimited Inc

Analysis

Tasks Unlimited Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tasks Unlimited Inc reported income of $2.1m and spending of $2.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tasks Unlimited Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Tualatin Hills United Soccer Club ($2.1m), United Way of Northeastern Minnesota Inc ($2.1m) and American Promise Education Fund Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $350k (16% of expenses). Other salaries and wages came to $883k. It paid $51k in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $401k, net assets of $2.9m. It reported 82 employees.