Teneo Network Inc

Analysis

Teneo Network Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Teneo Network Inc reported income of $7.1m and spending of $5.3m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $7.1m (+239%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Teneo Network Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Woolworth Foundation ($7.1m), Huntington County Community Foundation Inc ($7.1m) and United Way of Greater Charlottesville ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $594k (11% of expenses). Other salaries and wages came to $787k. At year end it held assets of $6.3m against liabilities of $158k, net assets of $6.1m. It reported 17 employees.