Friends of Thorp

Analysis

Friends of Thorp is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Thorp reported income of $92k and spending of $71k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $92k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Thorp sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Hastings Literacy Program Inc ($92k), Carrollton Elem School Parent Teacher Volunteer Organization Inc ($92k) and East Bakersfield High School Booster Association ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.