Tom Tom Foundation

Analysis

Tom Tom Foundation is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Tom Tom Foundation reported income of $555k and spending of $615k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $198k to $555k (+180%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tom Tom Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include Arts Council of Midland ($554k), International Society for Human Ethology ($555k) and Galesburg Museums Inc ($554k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $203k. At year end it held assets of $581k against liabilities of $458k, net assets of $122k. It reported 1 employees.