Tankproof

Analysis

Tankproof is a registered charity in United States, based in Gonzales, LA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2022, Tankproof reported income of $320k and spending of $335k, spending 105% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $293k to $320k (+9.0%), an average of +9.0% a year. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Tankproof sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within LA. Charities of a similar size with the same main cause include Calvert Cannons Select Lacrosse Inc ($320k), Youth for Christ USA Inc ($320k) and Wet Mt Valley Saddle Club Inc ($320k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $20k (6.1% of expenses). Other salaries and wages came to $80k. At year end it held assets of $6,376 against liabilities of $0, net assets of $6,376. It reported 4 employees.