Torpedo Factory Print Makers Inc

Analysis

Torpedo Factory Print Makers Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Torpedo Factory Print Makers Inc reported income of $143k and spending of $120k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $129k to $143k (+10%), an average of +10% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Torpedo Factory Print Makers Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Southwest Playhouse Fine Arts Center Inc ($143k), The Performing Arts Studio Inc ($143k) and Joyful Noise Inc ($143k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 71% of the total. At year end it held assets of $81k against liabilities of $6,966, net assets of $74k.