TC Open Charitable Foundation

Analysis

TC Open Charitable Foundation is a registered charity in United States, based in Venetia, PA. It received its IRS tax-exemption ruling in October 2012, 14 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, TC Open Charitable Foundation reported income of $116k and spending of $82k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $116k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, TC Open Charitable Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Mawaka Foundation Inc ($116k), Robert S and Sylvia K Reitman Family Foundation ($116k) and Turtleback Education Foundation ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $49k against liabilities of $0, net assets of $49k.