Thunder Inc

Analysis

Thunder Inc is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Thunder Inc reported income of $499k and spending of $380k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $499k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Thunder Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Deptford Premier ($499k), Fresno Junior Hockey Club ($499k) and Georgetown Football Club Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $78k (20% of expenses). Other salaries and wages came to $110k. At year end it held assets of $253k against liabilities of $2,526, net assets of $251k. It reported 5 employees.