Tek Center Inc

Analysis

Tek Center Inc is a registered charity in United States, based in Inez, KY. It received its IRS tax-exemption ruling in March 2022, 4 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, Tek Center Inc reported income of $1.1m and spending of $670k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $1.1m (+619%), an average of +619% a year. The sharpest change came in the year to December 2023, when income rose by 619%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tek Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Gifted and Talented Educational School ($1.1m), Tracy Andrus Foundation ($1.1m) and Leaders of Tomorrow Early Learning Academy Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $326k. At year end it held assets of $624k against liabilities of $9,033, net assets of $615k. It reported 7 employees.