Ten 24 Inc

Analysis

Ten 24 Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Ten 24 Inc reported income of $343k and spending of $307k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $238k to $343k (+44%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ten 24 Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Mid-Kansas Jewish Federation Inc ($343k), Korea Christian Gospel Mission Inc ($343k) and Anchor House Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (22% of expenses). Other salaries and wages came to $88k. At year end it held assets of $297k against liabilities of $249, net assets of $296k. It reported 2 employees.