Thomas Irvine Dodge Foundation

Analysis

Thomas Irvine Dodge Foundation is a registered charity in United States, based in W Saint Paul, MN. It received its IRS tax-exemption ruling in October 1967, 59 years ago. 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, Thomas Irvine Dodge Foundation reported income of $3.7m and spending of $3.8m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.4m to $3.7m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to August 2020, when income rose by 176%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas Irvine Dodge Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Verde Valley Ambulance Co Inc ($3.7m), Ke Ola Mamo ($3.7m) and Ronald McDonald House Southeastern MN & Western Wi ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 48% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $245k (6.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $32.8m against liabilities of $226k, net assets of $32.6m. It reported 66 employees.