Tb12 Foundation Inc

Analysis

Tb12 Foundation Inc is a registered charity in United States, based in Foxboro, MA. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Tb12 Foundation Inc reported income of $290k and spending of $450k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $382k to $290k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tb12 Foundation Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Noble Choices Inc ($289k), New Yorkers Family Research Foundation Inc ($290k) and Pri Counseling Services Inc ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $131k (29% of expenses). Other salaries and wages came to $46k. At year end it held assets of $1.1m against liabilities of $26k, net assets of $1.1m. It reported 4 employees.