Taiwanese Association of America

Analysis

Taiwanese Association of America is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Taiwanese Association of America reported income of $298k and spending of $292k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $51k to $298k (+482%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 250%. Over the whole period it spent 93% 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 sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Framingham Historical and Natural History Society ($298k), Big Impact Group of Schuylkill County Inc ($298k) and Friends of the Bancroft Library ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 94% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.