Toolbox Assessments Inc

Analysis

Toolbox Assessments Inc is a registered charity in United States, based in Lincolnwood, IL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Toolbox Assessments Inc reported income of $670k and spending of $103k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $594k to $670k (+13%), an average of +13% a year. Over the whole period it spent 11% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Toolbox Assessments Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Arts N Autism Inc ($670k), Jays Hope Foundation Inc ($670k) and Monessen Ambulance Service ($670k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.