Taylor Wellness Center Inc

Analysis

Taylor Wellness Center Inc is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Taylor Wellness Center Inc reported income of $409k and spending of $323k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $409k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 148%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Taylor Wellness Center Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Brandon Merritt Charitable Foundation Inc ($409k), The Lamp Foundation Inc ($409k) and North American Society for Cardiac Imaging ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $170k (53% of expenses). Other salaries and wages came to $78k. At year end it held assets of $90k against liabilities of $658k, net assets of -$568k. It reported 8 employees.