Timanous Foundation

Analysis

Timanous Foundation is a registered charity in United States, based in Raymond, ME. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Timanous Foundation reported income of $2.4m and spending of $1.6m, leaving 32% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $2.4m (+36%), an average of +8.1% a year. The sharpest change came in the year to August 2021, when income rose by 696%. Over the whole period it spent 54% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Timanous Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ME. Charities of a similar size with the same main cause include W E Skelton 4-H Educational Conference Ctr at Smith MTN Lake ($2.4m), Elevate Phoenix ($2.4m) and Schooltalk Inc ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $157k (9.7% of expenses). Other salaries and wages came to $383k. It paid $22k in professional fundraising fees. At year end it held assets of $9.6m against liabilities of $586k, net assets of $9.0m. It reported 65 employees.