Tau Omega Charitable Trust Fund

Analysis

Tau Omega Charitable Trust Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1968, 58 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, Tau Omega Charitable Trust Fund reported income of $76k and spending of $44k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $76k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tau Omega Charitable Trust Fund sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Washington Athletic Club ($76k), PTA North Carolina Congress ($76k) and Dante Alighieri Soc of Washington ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% of the total. At year end it held assets of $298k against liabilities of $0, net assets of $298k.