Tappi Foundation Inc

Analysis

Tappi Foundation Inc is a registered charity in United States, based in Peachtree Cor, GA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Tappi Foundation Inc reported income of $257k and spending of $333k, spending 130% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $384k to $257k (-33%), an average of -9.6% a year. The sharpest change came in the year to August 2023, when income rose by 107%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tappi Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Our Lady of Fatima School Foundation ($257k), Habitat for Humanity International Inc ($257k) and Korean American Society of Greater Kansas City Inc ($257k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 39% of the total. Other salaries and wages came to $37k. At year end it held assets of $4.8m against liabilities of $44k, net assets of $4.7m.