10 Talents

Analysis

10 Talents is a registered charity in United States, based in Woodinville, WA. It received its IRS tax-exemption ruling in September 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, 10 Talents reported income of $1.3m and spending of $1.4m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $1.3m (+386%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 250%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 10 Talents sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include The Boulder Ballet ($1.3m), Kentucky Shakespeare Festival Inc ($1.3m) and I and I Antique Tractor and Gas Engine Club ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $42k (3.0% of expenses). At year end it held assets of $387k against liabilities of $203k, net assets of $184k.