Taconic Resources for Independence Inc

Analysis

Taconic Resources for Independence Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 September 2023, Taconic Resources for Independence Inc reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.1m to $1.8m (-14%), an average of -3.7% a year. The sharpest change came in the year to September 2020, when income dropped by 16%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Taconic Resources for Independence Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Delta Gamma Center for Children with Visual Impairments ($1.8m), Genesis Counseling Center Inc ($1.8m) and Harry E Davis Partnership for Childrens Oral Health ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $181k (9.5% of expenses). Other salaries and wages came to $558k. At year end it held assets of $1.2m against liabilities of $435k, net assets of $797k. It reported 21 employees.