Tomorrows America Foundation Inc

Analysis

Tomorrows America Foundation Inc is a registered charity in United States, based in Clover, SC. It received its IRS tax-exemption ruling in March 1979, 47 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 2021, Tomorrows America Foundation Inc reported income of $180k and spending of $165k, spending 92% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $260k to $180k (-31%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tomorrows America Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($180k), Ona Milton Athletic Association Inc ($180k) and Wayne County Historical Society ($180k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 64% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $27k (16% of expenses). Other salaries and wages came to $28k. At year end it held assets of $658k against liabilities of $771, net assets of $657k. It reported 2 employees.