Teenpact Leadership Schools Inc

Analysis

Teenpact Leadership Schools Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Teenpact Leadership Schools Inc reported income of $3.3m and spending of $3.6m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.1m to $3.3m (+57%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Teenpact Leadership Schools Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include American Society of Health-System Pharmacists Research and Education ($3.3m), Ariel Ministries ($3.3m) and Life in Abundance U S ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $137k (3.8% of expenses). Other salaries and wages came to $818k. At year end it held assets of $1.2m against liabilities of $592k, net assets of $601k. It reported 26 employees.