Tattoo Removal Ink Inc

Analysis

Tattoo Removal Ink Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Tattoo Removal Ink Inc reported income of $76k and spending of $37k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $76k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 48% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Tattoo Removal Ink Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include Local Colors of Western Virginia Inc ($76k), Tactica ($76k) and Not Forgotten Ministries ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.