Tara Circle Inc

Analysis

Tara Circle Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in August 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tara Circle Inc reported income of $241k and spending of $466k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $241k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 138%. Over the whole period it spent 140% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tara Circle Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Milwaukee Jazz Institute Inc ($241k), Association of Artists and Craftsmen of Porter County Incorpo ($241k) and Swift Museum Foundation Inc ($240k).

At year end it held assets of $4.0m against liabilities of $403k, net assets of $3.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.