Tay-Bandz Inc

Analysis

Tay-Bandz Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover medical research, 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 October 2023, Tay-Bandz Inc reported income of $84k and spending of $93k, spending 111% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income fell from $168k to $84k (-50%), an average of -50% a year. The sharpest change came in the year to October 2023, when income dropped by 50%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tay-Bandz Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Autism Fyi ($84k), The American Porphyrias Expert Collaborative Inc ($84k) and Community Health Innovations of Ri ($84k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.