Thomas Edison Center

Analysis

Thomas Edison Center is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Thomas Edison Center reported income of $1.2m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.2m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thomas Edison Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Big League Impact Inc ($1.2m), Advocates for Access ($1.2m) and Platinum Care Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $95k (7.6% of expenses). At year end it held assets of $1.5m against liabilities of $34k, net assets of $1.5m. It reported 51 employees.