Tasks Unlimited Inc

Analysis

Tasks Unlimited Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tasks Unlimited Inc reported income of $921k and spending of $834k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $876k to $921k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tasks Unlimited Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Hope for Poor Children Foundationincorporated ($921k), Longview Child Development Center Inc ($921k) and Nebraska Indian Child Welfare Coalition Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 49% of the total. Other salaries and wages came to $191k. At year end it held assets of $3.6m against liabilities of $6.0m, net assets of -$2.4m.