28twelve Foundation Ltd

Analysis

28twelve Foundation Ltd is a registered charity in United States, based in Granger, IN. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, 28twelve Foundation Ltd reported income of $297k and spending of $400k, spending 135% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $368k to $297k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 28twelve Foundation Ltd sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include St Francis Borgia Regional H S Athletic Assn Inc ($297k), Ibtta Foundation ($297k) and Instituto Para El Desarrollo Humano ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.0% of the total. At year end it held assets of $403k against liabilities of $0, net assets of $403k.