Tom Joyner Foundation Inc

Analysis

Tom Joyner Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tom Joyner Foundation Inc reported income of $1.5m and spending of $898k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.5m (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 1630%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tom Joyner Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Dayton Business Technology High School ($1.5m), Biobuilder Educational Foundation Inc ($1.5m) and Eden Ministries Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 479% of the total. Compensation of current officers, directors and key employees was $137k (15% of expenses). At year end it held assets of $7.5m against liabilities of $4.8m, net assets of $2.7m. It reported 1 employees.