Thundercloud Subs Turkey Trot

Analysis

Thundercloud Subs Turkey Trot is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 March 2023, Thundercloud Subs Turkey Trot reported income of $520k and spending of $531k, spending 102% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $629k to $520k (-17%), an average of -6.1% a year. The sharpest change came in the year to March 2022, when income rose by 87%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thundercloud Subs Turkey Trot sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Barney & Barney Foundation ($520k), Greene Scholars ($520k) and Seattle Seahawks Charitable Foundation ($520k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. At year end it held assets of $33k against liabilities of $18k, net assets of $15k.