Toledo Tomorrow

Analysis

Toledo Tomorrow is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in April 2021, 5 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, Toledo Tomorrow reported income of $802k and spending of $574k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $358k to $802k (+124%), an average of +124% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toledo Tomorrow sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Right Step Inc ($802k), Samish Montessori School ($802k) and Catholic Memorial School Foundation Inc ($802k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $452k. At year end it held assets of $550k against liabilities of $300k, net assets of $250k.