Today Foundation

Analysis

Today Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1983, 43 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 July 2023, Today Foundation reported income of $391k and spending of $2.2m, spending 554% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.9m to $391k (-79%), an average of -32% a year. The sharpest change came in the year to July 2021, when income dropped by 53%. Over the whole period it spent 169% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Today Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Buncombe Alternatives Incorporated ($391k), Fremont Union High Schools Foundation ($392k) and Cairn Health Inc ($391k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 62% and program service revenue 24% of the total. At year end it held assets of $6.6m against liabilities of $3.5m, net assets of $3.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.