Tec Leimert

Analysis

Tec Leimert is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2021, Tec Leimert reported income of $220k and spending of $224k, spending 102% of its income. Across the 3 years on record, from December 2018 to December 2021, income grew from $9,087 to $220k (+2319%), an average of +392% a year. The sharpest change came in the year to December 2020, when income rose by 663%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tec Leimert sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Makersmiths Inc ($220k), Four Corners Action Coalition ($220k) and MVP Education Fund ($220k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,267 against liabilities of $9,289, net assets of -$22.