Talor Gooch Foundation Inc

Analysis

Talor Gooch Foundation Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Talor Gooch Foundation Inc reported income of $347k and spending of $465k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $513k to $347k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Talor Gooch Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within OK. Charities of a similar size with the same main cause include United Way of Pekin ($347k), Impact 100 Traverse City Inc ($347k) and Lecom Student Government Association Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Compensation of current officers, directors and key employees was $91k (20% of expenses). At year end it held assets of $271k against liabilities of $5,872, net assets of $265k.