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Thaakat Foundation

EIN 33-1212566 · Romeoville, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair69 out of 100GovernanceGood89 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Thaakat Foundation promotes a collaborative, people and planet friendly approach to fighting global poverty. Working in remote and underserved communities around the world, we rebuild broken health and education infrastructures to help transform the futures of those in need.

Income
$2.9 million
Spending
$2.6 million
Spent on programs
97%
Reserves
0.3 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
10

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 69 out of 100. Higher than 37% of charities in its peer group (international, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.3 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 11% of income.

  • Income trend

    15 of 15

    Income rose 27% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 89 out of 100. Higher than 49% of charities in its peer group (international, $1m to $10m).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $2.5 million spent. In the 2025 year, the organization made significant strides in advancing its mission to combat poverty through education, healthcare, and food security. Key accomplishments include: - Meal Distribution: Reached a major milestone by serving over 1 million meals to students across our campuses, supporting child nutrition and enhancing educational outcomes. Additionally, our central kitchen model streamlined food preparation and distribution, promoting operational efficiency and consistent nutritional standards. - Education Initiatives: Delivered education to over 4,000 students across six campuses in Pakistan and established the Abdul Shukar Ilm Academy and Crimson School in Sierra Leone. Construction began on a new IT institute to expand vocational training opportunities in Pakistan. - Healthcare Access: Provided medical care to more than 20,000 patients through our health facilities, including treatment for 4,000 cases of malaria and the safe delivery of over 380 babies. Construction commenced on a city hospital to further increase healthcare capacity. - Infrastructure Development: Invested over $80,000 in campus infrastructure upgrades, including the installation of sports fields, redesigned Montessori classrooms, libraries, and improved lunch areas to foster well-rounded student development. - Nutrition Expansion: Distributed more than 100,000 loaves of bread through our roti banks in Pakistan, directly supporting community-level food security. - Global Expansion: Launched the Crimson Project, establishing a new school and health facility in Sierra Leone to extend the reach of our education and healthcare programs. These efforts reflect our holistic, multi-pronged strategy to break the cycle of poverty through access to quality education, essential healthcare, and reliable nutrition.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2009.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: The Foundation (Houston, TX), EIN 92-0742101. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.