Thi-8

Analysis

Thi-8 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, Thi-8 reported income of $185k and spending of $400k, spending 216% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $185k to $185k (+0.1%), an average of +0.0% a year. Over the whole period it spent 187% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thi-8 sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Los Angeles Section 8 Apperson Lomod Corporation -4 ($185k), Robert Morris Evangelistic Association Inc ($185k) and Odysseus Chamber Orchestra ($185k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $80k. At year end it held assets of $592k against liabilities of $2.4m, net assets of -$1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.