Thisisplace Foundation

Analysis

Thisisplace Foundation is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in July 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, Thisisplace Foundation reported income of $1.1m and spending of $1.4m, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thisisplace Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Can Do Community Foundation ($1.1m), Five-Os Tiki Foundation Inc ($1.1m) and Civic NYC Fund Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $432k (32% of expenses). Other salaries and wages came to $60k. At year end it held assets of $357k against liabilities of $50k, net assets of $307k. It reported 4 employees.