Tact Kids Inc

Analysis

Tact Kids Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2016, 10 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, Tact Kids Inc reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $2.0m (+257%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tact Kids Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Quincy Notre Dame Foundation ($2.0m), Western Flyer Foundation ($2.0m) and Crystal Lake Montessori School ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $120k (6.3% of expenses). Other salaries and wages came to $848k. At year end it held assets of $2.6m against liabilities of $1.3m, net assets of $1.3m. It reported 21 employees.