Tag Foundation for Social Development

Analysis

Tag Foundation for Social Development is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tag Foundation for Social Development reported income of $769k and spending of $770k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $769k (+97%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tag Foundation for Social Development sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Benton County Agricultural Society ($769k), Somali Community Services of Seattle ($769k) and Courage Worldwide Inc ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (2.5% of expenses). Other salaries and wages came to $22k. At year end it held assets of $86k against liabilities of $85k, net assets of $1,195.