Temech Inc

Analysis

Temech Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Temech Inc reported income of $944k and spending of $958k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $944k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Temech 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 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Family Promise of Southern New Hampshire ($944k), Foundation for Essential Needs ($944k) and Thrifty Sisters ($944k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,059 against liabilities of $151k, net assets of -$142k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.