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 employment, which this site groups under community and economic development. 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 $6.1m and spending of $6.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.1m to $6.1m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tasks Unlimited Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Spectrum Support Inc ($6.1m), The Urban League of Greater Chattanooga Inc ($6.1m) and Bluetide Puerto Rico Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $9.1m against liabilities of $270k, net assets of $8.8m. It reported 183 employees.