Tang Foundation for the Research of Traditional Chinese Medicine

Analysis

Tang Foundation for the Research of Traditional Chinese Medicine is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tang Foundation for the Research of Traditional Chinese Medicine reported income of $141k and spending of $247k, spending 175% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $70k to $141k (+101%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 597%. Over the whole period it spent 342% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tang Foundation for the Research of Traditional Chinese Medicine sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within NV. Charities of a similar size with the same main cause include On the Spot Aid Inc ($141k), Pancreatic Cancer North America Inc ($141k) and Northwest Pandas Pans Network ($141k).

Other salaries and wages came to $159k. At year end it held assets of $3.2m against liabilities of $2,040, net assets of $3.2m. It reported 4 employees.