Tenant Education Network

Analysis

Tenant Education Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tenant Education Network reported income of $607k and spending of $327k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $472k to $607k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tenant Education Network sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Happy Hearts Kindergarten ($607k), Ballet Fantastique ($607k) and Winona Area Public Schools Foundation Inc ($607k).

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 $39k (12% of expenses). Other salaries and wages came to $95k. At year end it held assets of $711k against liabilities of $3,901, net assets of $707k. It reported 3 employees.