Taca Inc

Analysis

Taca Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Taca Inc reported income of $2.0m and spending of $1.8m, spending 88% of its income. Across the 6 years on record, from May 2019 to May 2023, income grew from $1.4m to $2.0m (+41%), an average of +7.2% a year. The sharpest change came in the year to May 2021, when income rose by 86%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Taca Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Foundation for Minority Interests in Media Inc ($2.0m), Kuumbwa Jazz Society ($2.0m) and Kirkland Performance Center ($2.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $260k (15% of expenses). Other salaries and wages came to $242k. At year end it held assets of $1.5m against liabilities of $428k, net assets of $1.1m. It reported 9 employees.