Toma Foundation Inc

Analysis

Toma Foundation Inc is a registered charity in United States, based in New Haven, IN. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Toma Foundation Inc reported income of $655k and spending of $649k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $655k (+126%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Toma Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Decatur County United Fund Inc ($654k), Elevations Foundation Inc ($655k) and Kauai United Way ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $878k against liabilities of $802k, net assets of $75k. It reported 1 employees.