Thursday Morning Club Inc

Analysis

Thursday Morning Club Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in March 1927, 99 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 April 2023, Thursday Morning Club Inc reported income of $820k and spending of $963k, spending 117% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $897k to $820k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to April 2022, when income rose by 46%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thursday Morning Club Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Autonation Foundation Inc ($820k), Bethel S Global Reach Inc ($820k) and The Livestock Conservancy Inc ($820k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 5.2% and program service revenue 91% of the total. Other salaries and wages came to $436k. At year end it held assets of $2.4m against liabilities of $29k, net assets of $2.4m. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.