Thinkwatts Foundation is a 501(c)(3) organization based in Los Angeles, California, registered in 2019, with $1,507,090 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1.5M
▲ 41.3% vs prior year
Community median: $184K
Expenses (FY2024)
$1.2M
Net assets
$842K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Thinkwatts Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Thinkwatts Foundation: 9 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Thinkwatts Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Thinkwatts Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $14K (FY2019) to $1.5M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
22.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$852K
Total liabilities
$9,723
Net assets
$842K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,507,090▲41.3% | $1,165,592▲14.5% | $841,897▲68.2% | $851,620▲70.2% | 990 |
| 2023 | $1,066,397▲14.7% | $1,017,684▲58.5% | $500,399▲10.8% | $500,399▲10.8% | 990 |
| 2022 | $930,043▲203% | $642,127▲226% | $451,686▲176% | $451,686▲176% | 990 |
| 2021 | $307,161▲197% | $196,955▲269% | $163,770▲206% | $163,770▲206% | 990 |
| 2020 | $103,591▲648% | $53,384▲409% | $53,564▲1496% | $53,564▲1496% | 990EZ |
| 2019 | $13,851 | $10,494 | $3,357 | $3,357 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
16 grants to Thinkwatts Foundation totaling $340K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Local Initiatives Support Corporation | See part iv | 2024 | $100,000 |
| Kaiser Foundation Health Plan Inc | Thinkwatts foundation sponsored event | 2024 | $10,000 |
| Kaiser Foundation Hospitals | Thinkwatts foundation gala | 2024 | $10,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $7,500 |
| Community Partners | Public health capacity building | 2023 | $50,000 |
| Ecmc Foundation | General support | 2023 | $20,000 |
| Oregon Community Foundation | Cultural heritage | 2023 | $15,000 |
| American Online Giving Foundation Inc | General support | 2023 | $10,425 |
| Kaiser Foundation Health Plan Inc | Thinkwatts foundation annual juneteenth celebratio | 2023 | $10,000 |
| California Community Foundation | Health | 2023 | $10,000 |
| United Way Inc | Shared prosperity | 2022 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $15,000 |
| Oregon Community Foundation | Civic engagement | 2021 | $15,000 |
| Kaiser Foundation Health Plan Inc | Watts juneteenth street fair | 2021 | $7,500 |
| Kaiser Foundation Hospitals | Thinkwatts foundation core support | 2020 | $20,000 |
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Data for Thinkwatts Foundation (EIN 83-2224841) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.