Extraspecialteas Inc

Analysis

Extraspecialteas Inc is a registered charity in United States, based in GT Barrington, MA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Extraspecialteas Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $1.2m (+192%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Extraspecialteas Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Center for Nonprofit Management Inc ($1.2m), Main Street York Inc ($1.2m) and Knoxville Cbid Management Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 86% of the total. Other salaries and wages came to $789k. At year end it held assets of $580k against liabilities of $128k, net assets of $452k. It reported 78 employees.