Triple Aught Foundation

Analysis

Triple Aught Foundation is a registered charity in United States, based in Hiko, NV. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Triple Aught Foundation reported income of $1.6m and spending of $1.2m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2022, when income rose by 441%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Triple Aught Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NV. Charities of a similar size with the same main cause include Algemeiner Inc ($1.6m), Hasty Pudding Club the Institute of 1770 ($1.6m) and Long Beach Lesbian and Gay Pride Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $632k. At year end it held assets of $6.1m against liabilities of $67k, net assets of $6.1m. It reported 15 employees.