Tholos Foundation

Analysis

Tholos Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Tholos Foundation reported income of $2.7m and spending of $5.0m, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 165% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tholos Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Urantia Foundation ($2.7m), Habitat for Humanity International Inc ($2.7m) and Chadd Inc Children & Adults with Attention-Deficit Hyperactivity Di ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $261k (5.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.5m against liabilities of $20.9m, net assets of -$17.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.