Adam Taliaferro Foundation Inc

Analysis

Adam Taliaferro Foundation Inc is a registered charity in United States, based in Turnersville, NJ. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Adam Taliaferro Foundation Inc reported income of $523k and spending of $186k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $523k (+453%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 280%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Adam Taliaferro Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Papakolea Community Development Corporation ($523k), Mt Laurel United Soccer Association Inc ($523k) and Classic Basketball Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $475k against liabilities of $0, net assets of $475k.