Tasc Inc

Analysis

Tasc Inc is a registered charity in United States, based in Waukon, IA. It received its IRS tax-exemption ruling in September 1974, 52 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tasc Inc reported income of $3.1m and spending of $3.4m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.5m to $3.1m (-9.5%), an average of -2.5% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tasc Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Calumet Area Industrial Commission ($3.1m), American Agape Foundation Inc ($3.1m) and Burnley Workshop of the Poconos Inc ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $4.4m against liabilities of $222k, net assets of $4.2m. It reported 77 employees.