T Ai Chi Foundation Inc

Analysis

T Ai Chi Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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, T Ai Chi Foundation Inc reported income of $209k and spending of $233k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $209k (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, T Ai Chi Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Art Rooney Scholarship Fund ($209k), Sonoma County Safe and Sober Project Graduation ($209k) and Habitat for Humanity International Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $50k (21% of expenses). At year end it held assets of $218k against liabilities of $49k, net assets of $169k.