International Tai-Chi Institute Inc

Analysis

International Tai-Chi Institute Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in December 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Tai-Chi Institute Inc reported income of $193k and spending of $163k, spending 85% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $346k to $193k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Tai-Chi Institute Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Trap Hill Volunteer Fire Department and Rescue Inc ($193k), PTA California Congress of Parents Teachers & Students Inc ($193k) and Little League Baseball Inc ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $260k against liabilities of $0, net assets of $260k.