Tmta Foundation

Analysis

Tmta Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 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 2023, Tmta Foundation reported income of $165k and spending of $303k, spending 184% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $165k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tmta Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Historic Takoma Inc ($165k), Old Saybrook Historical Society Inc ($165k) and Ainbinder Evangelistic Ministries Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $1.9m against liabilities of $96k, net assets of $1.9m.