Thi-12

Analysis

Thi-12 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1998, 28 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 June 2023, Thi-12 reported income of $126k and spending of $157k, spending 125% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $126k to $126k (+0.0%), an average of +0.0% a year. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thi-12 sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Sweetwater Cultural Center Inc ($126k), Helpful Hearts Community Closet Inc ($126k) and I-Nspire Foundation Inc ($126k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $322k against liabilities of $821k, net assets of -$499k.