Justin Thomas Foundation Inc

Analysis

Justin Thomas Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2020, 6 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, Justin Thomas Foundation Inc reported income of $1.0m and spending of $285k, leaving 73% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $1.0m (-7.1%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 16% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Justin Thomas Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Better Billings Foundation ($1.0m), W I T Foundation Inc ($1.0m) and Sweeney Classic ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.