Tenco Foundation Inc

Analysis

Tenco Foundation Inc is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in February 1976, 50 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tenco Foundation Inc reported income of $102k and spending of $27k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $183k to $102k (-44%), an average of -14% a year. The sharpest change came in the year to June 2024, when income rose by 60%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tenco Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within IA. Charities of a similar size with the same main cause include Reconciliation Ministries of Michigan ($102k), Oklahoma Literacy Coalition Inc ($102k) and Oak Hill Community Youth League Inc ($102k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $728k against liabilities of $0, net assets of $728k.