The 1tat Program Inc

Analysis

The 1tat Program Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. 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 July 2024, The 1tat Program Inc reported income of $1.3m and spending of $1.4m, spending 111% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income grew from $598k to $1.3m (+111%), an average of +16% a year. The sharpest change came in the year to July 2023, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The 1tat Program Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within GA. Charities of a similar size with the same main cause include United Way Tar River Region ($1.3m), Higley Fund of the Cleveland Foundation ($1.3m) and People for Community Recovery ($1.3m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $43k (3.1% of expenses). At year end it held assets of $225k against liabilities of $69k, net assets of $156k.