Tuomey Foundation

Analysis

Tuomey Foundation is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tuomey Foundation reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.2m to $1.5m (-65%), an average of -23% a year. The sharpest change came in the year to September 2023, when income rose by 76%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tuomey Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Pathways to Care Inc ($1.5m), The Iga Nephropathy Foundation of America Inc ($1.5m) and Wayne Memorial Health System Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $31.3m against liabilities of $1,319, net assets of $31.3m.