Tools Up Foundation Inc

Analysis

Tools Up Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover employment, 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, Tools Up Foundation Inc reported income of $477k and spending of $376k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $189k to $477k (+152%), an average of +152% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tools Up Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Kent Economic Partnership Inc ($477k), Global Coalition on Sustainability Fka US Coalition on Sustainability ($477k) and The Rocky Mountain Mining Institute ($477k).

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 $95k against liabilities of $0, net assets of $95k.