Taiwan Center Inc

Analysis

Taiwan Center Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Taiwan Center Inc reported income of $496k and spending of $532k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $358k to $496k (+38%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 326%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Taiwan Center Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Compassion & Love Compasion & Amor Community Development Corporation ($496k), New Beginnings Pregnancy Help Center ($496k) and Eudist Servants of the 11th Hour ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 29% of the total. Other salaries and wages came to $139k. At year end it held assets of $1.8m against liabilities of $38k, net assets of $1.7m. It reported 7 employees.