Taylor Economic Development

Analysis

Taylor Economic Development is a registered charity in United States, based in Taylor, TX. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Taylor Economic Development reported income of $6.4m and spending of $1.2m, leaving 81% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $6.4m (+158%), an average of +27% a year. The sharpest change came in the year to September 2023, when income rose by 168%. Over the whole period it spent 31% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Taylor Economic Development sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include North of Market Tenderloin Community Benefit Corporation ($6.4m), Southeast Ark Economic Development Dist Inc ($6.4m) and Spectrum Designs Foundation Ltd ($6.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $360k. At year end it held assets of $11.6m against liabilities of $511k, net assets of $11.1m. It reported 4 employees.