Thomson Reuters Foundation Inc

Analysis

Thomson Reuters Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2004, 22 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, Thomson Reuters Foundation Inc reported income of $185k and spending of $185k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $156k to $185k (+19%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thomson Reuters Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Granite State Ambassadors Inc ($185k), Enjoining Good USA Incorporated ($185k) and Children Aid and Development Organization Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $204k against liabilities of $185k, net assets of $19k.