Tek Collaborative Inc

Analysis

Tek Collaborative Inc is a registered charity in United States, based in Amesbury, MA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover science and technology, 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, Tek Collaborative Inc reported income of $221k and spending of $206k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $221k (+234%), an average of +234% a year. The sharpest change came in the year to December 2023, when income rose by 234%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tek Collaborative Inc 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 59th percentile within MA. Charities of a similar size with the same main cause include Napa Valley Youth Symphony ($221k), Desoto Family Theatre Inc ($221k) and Film Fatales NYC ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $95k (46% of expenses). Other salaries and wages came to $35k. At year end it held assets of $79k against liabilities of $3,700, net assets of $75k. It reported 3 employees.