Taala Fund

Analysis

Taala Fund is a registered charity in United States, based in Taholah, WA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Taala Fund reported income of $1.2m and spending of $805k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $1.2m (+125%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Taala Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Wichita Electrical Industry Training Fund Board Inc ($1.1m), Koreatown Organizations Association Inc ($1.2m) and Empower Work Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Other salaries and wages came to $370k. At year end it held assets of $2.7m against liabilities of $276k, net assets of $2.5m. It reported 7 employees.