Teiam Corp

Analysis

Teiam Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Teiam Corp reported income of $928k and spending of $753k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $93k to $928k (+893%), an average of +215% a year. The sharpest change came in the year to December 2022, when income rose by 411%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Teiam Corp sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Advisory Board Booker T Washington H S for Performing and Visual Arts ($928k), Center for Working Families Inc ($928k) and Core Educational Services ($927k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $199k (26% of expenses). Other salaries and wages came to $89k. At year end it held assets of $214k against liabilities of $0, net assets of $214k. It reported 9 employees.