Institute of Taoist Education and Acupuncture Inc

Analysis

Institute of Taoist Education and Acupuncture Inc is a registered charity in United States, based in Louisville, CO. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Institute of Taoist Education and Acupuncture Inc reported income of $726k and spending of $730k, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $471k to $726k (+54%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute of Taoist Education and Acupuncture Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Nassau Community College Foundation Inc ($726k), American Friends of Stowe Inc ($726k) and American Foundation for Bulgaria Inc ($726k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $187k (26% of expenses). Other salaries and wages came to $75k. At year end it held assets of $664k against liabilities of $461k, net assets of $203k. It reported 8 employees.