Thought Leadership & Innovation Foundation

Analysis

Thought Leadership & Innovation Foundation is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Thought Leadership & Innovation Foundation reported income of $763k and spending of $791k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $763k (-51%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 126%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thought Leadership & Innovation Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include The Society for Worldwide Medical Exchange Inc ($763k), Foundation for Dreams Inc ($763k) and Hope Clinic of Garland Inc ($763k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $68k (8.7% of expenses). Other salaries and wages came to $111k. It paid $42k in professional fundraising fees. At year end it held assets of $158k against liabilities of $129k, net assets of $29k. It reported 5 employees.