Taikoproject

Analysis

Taikoproject is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2009, 17 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, Taikoproject reported income of $517k and spending of $376k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $289k to $517k (+79%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taikoproject sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Georgia Lawyers for the Arts Inc ($517k), Texas Maritime Museum Association Inc ($517k) and Village Arts Foundation Inc ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $73k (19% of expenses). Other salaries and wages came to $87k. At year end it held assets of $736k against liabilities of $0, net assets of $736k. It reported 4 employees.