Elizabeth Toon Charities

Analysis

Elizabeth Toon Charities is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2008, 18 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 July 2023, Elizabeth Toon Charities reported income of $1.1m and spending of $875k, spending 83% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $143k to $1.1m (+634%), an average of +94% a year. The sharpest change came in the year to July 2021, when income rose by 229%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Elizabeth Toon Charities sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include JFS Fund Inc ($1.1m), Point O Woods Foundation Inc ($1.1m) and Mentor Washington ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $332k against liabilities of $1,360, net assets of $331k. It reported 2 employees.