Tai Ji Men Qigong Academy

Analysis

Tai Ji Men Qigong Academy is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in October 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tai Ji Men Qigong Academy reported income of $66k and spending of $169k, spending 257% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $366k to $66k (-82%), an average of -35% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 142% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tai Ji Men Qigong Academy sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Hope in a Box Inc ($66k), Devocenter for Service-Learning ($66k) and North Arkansas College Pioneer Club Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $1.2m against liabilities of $101k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.