Thaakat Foundation

Analysis

Thaakat Foundation is a registered charity in United States, based in Romeoville, IL. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Thaakat Foundation reported income of $812k and spending of $1.0m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $812k (+110%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Thaakat Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Orphans Tree Inc ($812k), American Friends of Yeshivat Migdal Hatorah ($813k) and West Africa Fistula Center Foundation ($812k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.