Tonys Charitable Foundation

Analysis

Tonys Charitable Foundation is a registered charity in United States, based in Itasca, IL. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 March 2023, Tonys Charitable Foundation reported income of $394k and spending of $183k, leaving 54% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $224k to $394k (+76%), an average of +21% a year. The sharpest change came in the year to March 2023, when income rose by 81%. Over the whole period it spent 51% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Tonys Charitable Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Inner City Youth Golfers Incorporated ($394k), Forest Avenue Outreach ($395k) and Child Evangelism Fellowship of Eastern Pennsylvania Inc ($394k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $639k against liabilities of $18k, net assets of $621k.