Together We Can Foundation

Analysis

Together We Can Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in November 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 June 2024, Together We Can Foundation reported income of $401k and spending of $395k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $343k to $401k (+17%), an average of +4.0% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Together We Can Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Potluck in the Park ($401k), Family Promise of Southwest New Jersey a NJ Nonprofit Corporation ($401k) and Soteria Project Inc ($401k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (19% of expenses). Other salaries and wages came to $91k. At year end it held assets of $126k against liabilities of $6,819, net assets of $119k. It reported 4 employees.