Tear Cap Workshops

Analysis

Tear Cap Workshops is a registered charity in United States, based in Hiram, ME. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Tear Cap Workshops reported income of $111k and spending of $102k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $111k (-8.8%), an average of -8.8% a year. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tear Cap Workshops sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 33rd percentile within ME. Charities of a similar size with the same main cause include American-Turkish Association Incorporated ($111k), Madhyam US a New Jersey Non Profit Corporation ($111k) and Sturgis Historical Society ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $286k against liabilities of $122k, net assets of $164k.