Toba Foundation Inc

Analysis

Toba Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Toba Foundation Inc reported income of $220k and spending of $182k, spending 82% of its income. Across the 2 years on record, from January 2023 to January 2024, income fell from $324k to $220k (-32%), an average of -32% a year. The sharpest change came in the year to January 2024, when income dropped by 32%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Toba Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Cusavers Inc ($220k), Nuvista Light & Electric Cooperative Inc ($220k) and Raytown Chamber of Commerce Building Foundation ($220k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.