Tikun Olam Foundation

Analysis

Tikun Olam Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tikun Olam Foundation reported income of $4.0m and spending of $2.2m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.0m to $4.0m (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 124% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tikun Olam Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include United Way of the Southern Tier Inc ($3.9m), Pittsburgh Penguins Foundation ($4.0m) and California State University Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $76.4m against liabilities of $12.9m, net assets of $63.5m.