Tacombi Foundation Inc

Analysis

Tacombi Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 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 (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, Tacombi Foundation Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $490k to $1.4m (+193%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tacombi Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Bushnell Foundation ($1.4m), Day One Early Learning Community Inc ($1.4m) and Math Kangaroo in USA NFP ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $39k (2.6% of expenses). Other salaries and wages came to $3,839. At year end it held assets of $1.3m against liabilities of $114k, net assets of $1.1m. It reported 1 employees.