Thanks to Scandinavia Inc

Analysis

Thanks to Scandinavia Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thanks to Scandinavia Inc reported income of $251k and spending of $614k, spending 245% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $580k to $251k (-57%), an average of -19% a year. The sharpest change came in the year to June 2021, when income rose by 336%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thanks to Scandinavia Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include San Diego County Bar Foundation ($251k), Artistic Resources for Teachers and Students Inc ($251k) and American Society for Photobiology ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% of the total. Compensation of current officers, directors and key employees was $80k (13% of expenses). Other salaries and wages came to $4,331. At year end it held assets of $6.9m against liabilities of $29k, net assets of $6.9m. It reported 2 employees.