Tandem Family Resource Center

Analysis

Tandem Family Resource Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1978, 48 years ago. 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, Tandem Family Resource Center reported income of $404k and spending of $480k, spending 119% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $441k to $404k (-8.3%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income rose by 123%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tandem Family Resource Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Thorek Memorial Foundation ($404k), Camp Veritas Inc ($404k) and Musical Arts Assn Music Hall End ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $101k (21% of expenses). Other salaries and wages came to $202k. At year end it held assets of $1.1m against liabilities of $431k, net assets of $621k. It reported 12 employees.