Tessellations

Analysis

Tessellations is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tessellations reported income of $5.7m and spending of $7.1m, spending 123% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.4m to $5.7m (+297%), an average of +99% a year. The sharpest change came in the year to June 2022, when income rose by 280%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tessellations sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Virginia Commonwealth University School of Business Foundation ($5.7m), Constellation Schools Elyria Community Elementary ($5.7m) and Colegio San Jose Marianist Corp ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $948k (13% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $8.0m against liabilities of $7.5m, net assets of $585k. It reported 51 employees.