Think Tank Inc

Analysis

Think Tank Inc is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Think Tank Inc reported income of $631k and spending of $684k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $731k to $631k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Think Tank Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Rose-Mary Housing Corporation ($631k), Operation Triage ($631k) and Heavenly Vision Educational Center ($631k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $72k (10% of expenses). Other salaries and wages came to $292k. At year end it held assets of $308k against liabilities of $269k, net assets of $39k. It reported 10 employees.