Thomas Alva Edison Foundation

Analysis

Thomas Alva Edison Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2016, 10 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thomas Alva Edison Foundation reported income of $1.5m and spending of $1.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thomas Alva Edison Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 61st percentile within DC. Charities of a similar size with the same main cause include YMCA Foundation ($1.5m), United Way of Greater McHenry County Inc ($1.5m) and The Lam Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $259k (23% of expenses). Other salaries and wages came to $229k. At year end it held assets of $3.5m against liabilities of $130k, net assets of $3.4m.