International Thomas Merton Society Inc

Analysis

International Thomas Merton Society Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in November 1992, 34 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 May 2024, International Thomas Merton Society Inc reported income of $65k and spending of $66k, spending 101% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $100k to $65k (-35%), an average of -34% a year. The sharpest change came in the year to May 2024, when income dropped by 35%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Thomas Merton Society Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KY. Charities of a similar size with the same main cause include Cherry Creek School District Parent Teacher Community Council Inc an ($65k), Ideas Worth Doing in LA ($65k) and Oregon Korean Foundation ($65k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $247k against liabilities of $0, net assets of $247k.