Taiwanese Association of America Inc

Analysis

Taiwanese Association of America Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in November 1988, 38 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, Taiwanese Association of America Inc reported income of $114k and spending of $112k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $224k to $114k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taiwanese Association of America Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Stephenson County Historical Society ($114k), The Storehouse of Northeast Florida ($114k) and Cherry County Hospital Foundation ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.8% and program service revenue 88% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.