Joseph Thomas Foundation

Analysis

Joseph Thomas Foundation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Joseph Thomas Foundation reported income of $169k and spending of $182k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $169k (+3.6%), an average of +3.6% a year. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joseph Thomas Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Shelby County Casa Gal Program Inc ($169k), Haven Universe Inc ($169k) and Como Lions Heart ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.