Toby Keith Foundation Inc

Analysis

Toby Keith Foundation Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in March 2006, 20 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, Toby Keith Foundation Inc reported income of $2.3m and spending of $1.2m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.3m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Toby Keith Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within OK. Charities of a similar size with the same main cause include Looking Out Foundation ($2.3m), United Way of Benton & Franklin Counties ($2.3m) and Sertoma Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $121k (9.8% of expenses). Other salaries and wages came to $120k. At year end it held assets of $11.6m against liabilities of $4.2m, net assets of $7.4m. It reported 4 employees.