The Great Tao Foundation of America

Analysis

The Great Tao Foundation of America is a registered charity in United States, based in El Monte, CA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Great Tao Foundation of America reported income of $95k and spending of $53k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $95k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Great Tao Foundation of America sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Round Rock Police Foundation Inc ($95k), Sarasota High School Mighty Sailor Band Boosters Inc ($95k) and PTA California Congress of Parents Teachers & Students Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 55% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.