Tax-Aid

Analysis

Tax-Aid is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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 April 2023, Tax-Aid reported income of $499k and spending of $447k, spending 90% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $474k to $499k (+5.4%), an average of +1.8% a year. The sharpest change came in the year to April 2022, when income rose by 126%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tax-Aid 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 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Hodge Memorial Day Care Center Inc ($499k), Carl-Con Group Home Inc ($499k) and El Cemi Housing Development Fund Co Inc ($499k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (30% of expenses). Other salaries and wages came to $109k. At year end it held assets of $663k against liabilities of $10k, net assets of $652k. It reported 3 employees.