William a and Margaretta Taylor Memorial Association

Analysis

William a and Margaretta Taylor Memorial Association is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in May 1945, 81 years ago. 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, William a and Margaretta Taylor Memorial Association reported income of $3.4m and spending of $3.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.4m (+16%), an average of +3.8% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, William a and Margaretta Taylor Memorial Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Valley of Hope Shelter and Recovery Inc ($3.4m), Faculty Student Association of Downstate Medical Center Inc ($3.4m) and Archaeology Southwest ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $168k (5.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m. It reported 49 employees.