Taara US Inc

Analysis

Taara US Inc is a registered charity in United States, based in Palisades Park, NJ. It received its IRS tax-exemption ruling in June 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 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, Taara US Inc reported income of $699k and spending of $290k, leaving 59% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $489k to $699k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taara US Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Natya Dance Theatre ($699k), Nicely Theatre Group ($699k) and Dreams of Wilmington Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $838k against liabilities of $0, net assets of $838k.