Teens of Color Abroad

Analysis

Teens of Color Abroad is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2022, 4 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, Teens of Color Abroad reported income of $223k and spending of $183k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $223k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teens of Color Abroad sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Halau Kekuaokalaaualailiahi ($223k), Hawaii Academy of Recording Arts ($223k) and Brick Childrens Community Theatre ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $12k in professional fundraising fees. At year end it held assets of $105k against liabilities of $1,280, net assets of $104k.