Toma Foundation

Analysis

Toma Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2019, 7 years ago. 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 December 2023, Toma Foundation reported income of $304k and spending of $317k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $304k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Toma Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include The Brain Injury Alliance of Kentucky ($304k), American Society of Civil Engineers ($304k) and Catholic Counseling Services Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 97% of the total. At year end it held assets of $278k against liabilities of $88k, net assets of $190k.