Taiwanese American Council of Greater New York Inc

Analysis

Taiwanese American Council of Greater New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2012, 14 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Taiwanese American Council of Greater New York Inc reported income of $84k and spending of $85k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $139k to $84k (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taiwanese American Council of Greater New York Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Grosse Pointe South Choir Boosters Inc ($84k), Carmel Klavier Inc ($84k) and Citizens Interested in Arts Inc ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.

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.