Tom of Finland Foundation Inc

Analysis

Tom of Finland Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tom of Finland Foundation Inc reported income of $730k and spending of $857k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $354k to $730k (+106%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tom of Finland Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Lake Champlain Access Television Inc ($730k), Longview Museum of Fine Arts ($730k) and Tippecanoe County Historical Association ($730k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $130k (15% of expenses). Other salaries and wages came to $223k. At year end it held assets of $217k against liabilities of $35k, net assets of $182k. It reported 7 employees.