Tau Beta Association

Analysis

Tau Beta Association is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in April 1978, 48 years ago. 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, Tau Beta Association reported income of $291k and spending of $188k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $270k to $291k (+7.8%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tau Beta Association sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Cafh Foundation Inc ($291k), Northern Ohio Youth Orchestra Inc ($291k) and Randy Taylor Revivals Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.