Ten8 Project

Analysis

Ten8 Project is a registered charity in United States, based in Pacific, MO. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Ten8 Project reported income of $73k and spending of $249k, spending 340% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $443k to $73k (-83%), an average of -84% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ten8 Project sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MO. Charities of a similar size with the same main cause include Fourthwave Foundation Inc ($73k), Klein Texas Historical Foundation ($73k) and Transylvania Club Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 115% of the total. Other salaries and wages came to $43k. At year end it held assets of $65k against liabilities of $3,219, net assets of $62k.