Toolbox Inc

Analysis

Toolbox Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, 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, Toolbox Inc reported income of $216k and spending of $179k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $216k (+25%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Toolbox Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within KS. Charities of a similar size with the same main cause include Enterprise Futures ($216k), Surprise Sundancers ($216k) and Rotary Foundation of Indianapolis Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (44% of expenses). At year end it held assets of $118k against liabilities of $0, net assets of $118k. It reported 1 employees.