Tesfa Foundation

Analysis

Tesfa Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2006, 20 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 June 2023, Tesfa Foundation reported income of $77k and spending of $198k, spending 256% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $212k to $77k (-63%), an average of -28% a year. The sharpest change came in the year to June 2022, when income rose by 155%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tesfa Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Kiwanis Club of St Louis City Foundation ($77k), Heartland Academy Denver ($77k) and Transformative Learning Foundation ($77k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.