Mitchell Thorp Foundation

Analysis

Mitchell Thorp Foundation is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in June 2010, 16 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 June 2024, Mitchell Thorp Foundation reported income of $1.4m and spending of $618k, leaving 55% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $402k to $1.4m (+245%), an average of +36% a year. The sharpest change came in the year to June 2024, when income rose by 80%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mitchell Thorp Foundation 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 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Mission House Inc ($1.4m), Home and Environments for Living and Programs Inc ($1.4m) and Lindsborg Child Development Center ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (26% of expenses). Other salaries and wages came to $70k. At year end it held assets of $2.0m against liabilities of $4,437, net assets of $2.0m. It reported 3 employees.