Takreem USA Inc

Analysis

Takreem USA Inc is a registered charity in United States, based in Dover, DE. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Takreem USA Inc reported income of $426k and spending of $232k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $540k to $426k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Takreem USA Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 62nd percentile within DE. Charities of a similar size with the same main cause include John Paul II Project Inc ($426k), Bronxville Historical Conservancy Inc ($426k) and Gallery5 ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 142% of the total. At year end it held assets of $594k against liabilities of $80k, net assets of $514k.