Tesseract Research Center Inc

Analysis

Tesseract Research Center Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tesseract Research Center Inc reported income of $3.9m and spending of $4.8m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.9m (+171%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 296% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tesseract Research Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 77th percentile within DC. Charities of a similar size with the same main cause include Lake Country Academy Inc ($3.9m), Constellation Schools Westpark Community Elementary ($3.9m) and First Baptist Church of Palm Coastchristian School Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $361k (7.5% of expenses). Other salaries and wages came to $894k. At year end it held assets of $2.1m against liabilities of $102k, net assets of $1.9m. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.