Tobinworld

Analysis

Tobinworld is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in April 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Tobinworld reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.9m to $2.1m (-80%), an average of -34% a year. The sharpest change came in the year to June 2021, when income dropped by 81%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tobinworld sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Abigail Adams Institute Inc ($2.1m), Collaborative Learning Project Inc ($2.1m) and Childrens Kiva Montessori Charter School ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $245k (12% of expenses). Other salaries and wages came to $931k. At year end it held assets of $3.6m against liabilities of $1.8m, net assets of $1.9m. It reported 10 employees.