Tm23 Foundation

Analysis

Tm23 Foundation is a registered charity in United States, based in Los Angeles, CA. 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 (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, Tm23 Foundation reported income of $120k and spending of $8,304, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $120k (-91%), an average of -45% a year. The sharpest change came in the year to December 2022, when income rose by 298%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Tm23 Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Meet the Writers Inc ($120k), Troop K Camp Cadet Inc ($121k) and Michigan 4-H Foundation ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $162k against liabilities of $2,893, net assets of $159k.