Tac Industries Inc

Analysis

Tac Industries Inc is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in November 1984, 42 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, Tac Industries Inc reported income of $9.8m and spending of $8.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $9.8m (-4.1%), an average of -1.1% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tac Industries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Friends Boarding Home of Concord Quarterly Meeting ($9.8m), National League for Nursing Inc ($9.8m) and Michigan Association of Intermediate School Administrators ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $375k (4.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $21.2m against liabilities of $1.2m, net assets of $20.0m. It reported 268 employees.