Tassel Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To provide continuous, high quality English education and other sustainability services to the underserved in rural Cambodia as well as to nurture and transform hearts of all involved.
- Income
- $1.8 million
- Spending
- $1.1 million
- Spent on programs
- 99%
- Reserves
- 5 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 0
- Volunteers
- 800
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 63% of charities in its peer group (international, $1m to $10m).
Reserves
20 of 35Spendable reserves would cover 5.0 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 37% of income.
Income trend
15 of 15Income rose 90% on the year before.
Spending floor
15 of 1599% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 84 out of 100. Higher than 37% of charities in its peer group (international, $1m to $10m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $577,512 spent. Free English lessons: Daily English classes were provided to 3500 students in 8 rural Cambodian villages (Banan, Jeepan,Kampong Puoy, Rattinak, Roka, Samlot, Samrang). In addition English training was provided to all 43 local teaching staff. Approximately 500 unpaid international volunteers supplemented the local curricula, providing help in writing, reading, listening, speaking, as well as grammar and word usage.
- $433,248 spent. Food and Medical Aid: Approximately 6420 families (about 16,000 individuals) were provided rice. Many also were provided additional food - canned fish, fish sauce and soy sauce. TASSEL teachers also took the sick to appropriate domestic medical centers and paid for their hospital bills as well as travel and meal expenses. In the summer 740 villagers received medicine. As in all years, all persons who received food and medical aid in 2025 were pre-screened carefully through family visits and confirmed beforehand that aid was critical.
- $63,256 spent. Senior Center: We invite 280 pre-selected elderly villagers to our school 2x/month. At each session, we provide the elderly a hot meal, English and Khmer lessons, and engage them in social activities such as dancing, singing, moderated discussions and more. Each Senior Center elderly also receives 3 bags of rice annually.
- $58,177 spent. 12 families (29 persons in total) were provided monthly cash support.Sponsored families are the poorest among TASSEL's families. Aid recepients were selected through extensive interviews and visits. Their situation is reviewed monthly through visits. In addition, selected donors provided designated gifts for students and villagers with special needs. The designated gifts included payments towards university tuitions, construction of a room for a family needing a home, construction of a small home for a homeless elderly, blankets for the elderly, a motorcycle for a familly living in a remote area, etc.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2012.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.