T H I N K Education

Analysis

T H I N K Education is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in January 1998, 28 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 June 2023, T H I N K Education reported income of $168.1m and spending of $166.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $52.9m to $168.1m (+218%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, T H I N K Education sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Wingate University ($167.7m), Purdue Research Foundation ($169.4m) and State University of Iowa Foundation ($167.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $5.2m (3.2% of expenses). Other salaries and wages came to $104.5m. At year end it held assets of $53.0m against liabilities of $38.7m, net assets of $14.3m. It reported 7,334 employees.