Townhall II Foundation Inc

Analysis

Townhall II Foundation Inc is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2023, Townhall II Foundation Inc reported income of $67k and spending of $13k, leaving 81% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $52k to $67k (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 24% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Townhall II Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within OH. Charities of a similar size with the same main cause include Airline Pilots Historical Society ($67k), Baltimore City Fire Foundation Inc ($67k) and Justice Foundation ($67k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $894k against liabilities of $139k, net assets of $755k.