Teentix

Analysis

Teentix is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2017, 9 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, Teentix reported income of $341k and spending of $447k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $341k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teentix sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Webb County Heritage Foundation Inc ($341k), Newport Opera House Association Inc ($341k) and Playzeum Yuba-Sutter ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $85k (19% of expenses). Other salaries and wages came to $210k. It paid $51k in professional fundraising fees. At year end it held assets of $220k against liabilities of $194k, net assets of $25k. It reported 15 employees.