Togethered Inc

Analysis

Togethered Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Togethered Inc reported income of $2.5m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.1m to $2.5m (+128%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 132%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Togethered Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Baltimore Design School Inc ($2.5m), Patty Hanks Shelton School of Nursing ($2.5m) and Friends of Canaan Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $193k (7.3% of expenses). Other salaries and wages came to $530k. At year end it held assets of $11.0m against liabilities of $11.4m, net assets of -$364k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.