Time Out Foundation Inc

Analysis

Time Out Foundation Inc is a registered charity in United States, based in Lakeville, CT. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Time Out Foundation Inc reported income of $121k and spending of $123k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $121k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Time Out Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include Sonrise Foundation ($121k), Alliance for Girls ($121k) and Troop K Camp Cadet Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.