Tumo Foundation

Analysis

Tumo Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 2023, 3 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 December 2023, Tumo Foundation reported income of $11.2m and spending of $13.6m, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $35.3m to $11.2m (-68%), an average of -68% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tumo Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include The Harry Halloran Jr Charitable Trust ($11.2m), East Tennessee Supporting Foundation ($11.2m) and Waukesha County Community Foundation Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $66k (0.5% of expenses). It paid $21k in professional fundraising fees. At year end it held assets of $35.2m against liabilities of $1.9m, net assets of $33.3m. It reported 1 employees.