Thai Cultural and Fine Arts Institute

Analysis

Thai Cultural and Fine Arts Institute is a registered charity in United States, based in Willowbrook, IL. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Thai Cultural and Fine Arts Institute reported income of $58k and spending of $56k, spending 96% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $20k to $58k (+187%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thai Cultural and Fine Arts Institute sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Theatre Guild of Rockingham County ($58k), Save Our Kids Music ($58k) and Cantonese School of Greater Washington ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.