Taylor Group Foundation Inc

Analysis

Taylor Group Foundation Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Taylor Group Foundation Inc reported income of $380k and spending of $442k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $380k (+1.7%), an average of +0.4% a year. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Taylor Group Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Wisconsin Blizzard Basketball Inc ($380k), New England Sports Complex Inc ($380k) and Ruidoso Junior Golf Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $36k (8.1% of expenses). Other salaries and wages came to $52k. At year end it held assets of $2.0m against liabilities of $75k, net assets of $2.0m. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.