Thomas White Jr Foundation Inc

Analysis

Thomas White Jr Foundation Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in September 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thomas White Jr Foundation Inc reported income of $232k and spending of $186k, spending 80% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $128k to $232k (+82%), an average of +82% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas White Jr Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($232k), Kinetik Cares Foundation ($232k) and Davis Housing Inc ($232k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $23k (12% of expenses). Other salaries and wages came to $48k. At year end it held assets of $223k against liabilities of $99k, net assets of $124k. It reported 4 employees.