Tangram Inc

Analysis

Tangram Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 1986, 40 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 June 2023, Tangram Inc reported income of $9.6m and spending of $11.8m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.3m to $9.6m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tangram 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 IN. Charities of a similar size with the same main cause include University of West Alabama Foundation ($9.6m), Cliff Valley School Incorporated ($9.6m) and Valley City State University Foundation ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $368k (3.1% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $11.8m against liabilities of $1.9m, net assets of $9.9m. It reported 342 employees.