Thunderbolt Council Inc

Analysis

Thunderbolt Council Inc is a registered charity in United States, based in Westfield, MA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thunderbolt Council Inc reported income of $1.1m and spending of $892k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2018 to December 2023, income grew from $64k to $1.1m (+1656%), an average of +319% a year. The sharpest change came in the year to December 2023, when income rose by 5140273%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thunderbolt Council Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include St Vincent de Paul Store of Houma ($1.1m), Rhode Island Boy Scouts ($1.1m) and J Higdon Potter Educational Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $383k against liabilities of $0, net assets of $383k.