Taoist Tai Chi Society of the United States of America

Analysis

Taoist Tai Chi Society of the United States of America is a registered charity in United States, based in Dunedin, FL. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Taoist Tai Chi Society of the United States of America reported income of $846k and spending of $1.2m, spending 147% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.3m to $846k (-80%), an average of -42% a year. The sharpest change came in the year to December 2021, when income dropped by 106%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Taoist Tai Chi Society of the United States of America sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Igreja Evangelica Assembleia de Deus de Florida Inc ($846k), Designed for Joy ($846k) and Brookville Area Food Pantry ($845k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 9.8% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $114k (9.2% of expenses). Other salaries and wages came to $78k. At year end it held assets of $8.4m against liabilities of $3.0m, net assets of $5.4m. It reported 3 employees.