Thinkwatts Foundation

Analysis

Thinkwatts Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Thinkwatts Foundation reported income of $871k and spending of $1.0m, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $307k to $871k (+184%), an average of +68% a year. The sharpest change came in the year to December 2022, when income rose by 203%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thinkwatts Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include The Next Step Foundation ($871k), Barksdale Forward Inc ($871k) and Tombigbee Resource Conservation and Development Council ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $263k (26% of expenses). Other salaries and wages came to $73k. At year end it held assets of $321k against liabilities of $0, net assets of $321k.