The Thomas B Fordham Foundation

Analysis

The Thomas B Fordham Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Thomas B Fordham Foundation reported income of $2.5m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+76%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Thomas B Fordham Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 70th percentile within DC. Charities of a similar size with the same main cause include Samaritan Center ($2.5m), TSQ Inc ($2.5m) and College of Eastern Idaho Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 42% of the total. Compensation of current officers, directors and key employees was $250k (9.5% of expenses). Other salaries and wages came to $845k. At year end it held assets of $75.9m against liabilities of $821k, net assets of $75.1m. It reported 29 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.