Tephra Institute of Contemporary Art Inc

Analysis

Tephra Institute of Contemporary Art Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in March 1974, 52 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Tephra Institute of Contemporary Art Inc reported income of $521k and spending of $600k, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $516k to $521k (+0.9%), an average of +0.2% a year. The sharpest change came in the year to August 2022, when income rose by 162%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tephra Institute of Contemporary Art Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Texas Archive of the Moving Image ($521k), Childrens Discovery Museum Inc ($521k) and Korean Christian Broadcasting System ($521k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $248k. At year end it held assets of $984k against liabilities of $16k, net assets of $968k. It reported 4 employees.