Tesserae Inc

Analysis

Tesserae Inc is a registered charity in United States, based in Altadena, CA. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, 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 June 2024, Tesserae Inc reported income of $84k and spending of $86k, spending 103% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $86k to $84k (-1.9%), an average of -1.9% a year. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tesserae Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Strikers Youth Arts Project Inc ($84k), Eleventh Hour Prayer Network ($84k) and Forks Timber Museum ($84k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.