The Dr Robert F Thomas Foundation Inc

Analysis

The Dr Robert F Thomas Foundation Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in April 2023, 3 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, The Dr Robert F Thomas Foundation Inc reported income of $154k and spending of $326k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $154k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Dr Robert F Thomas Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within TN. Charities of a similar size with the same main cause include Chinese Cancer Memorial Foundation ($154k), Acalanes Choral Boosters Incorporated ($154k) and Watco Charities Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. At year end it held assets of $7.4m against liabilities of $5.5m, net assets of $1.9m.