Thorek Memorial Foundation

Analysis

Thorek Memorial Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1963, 63 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 December 2023, Thorek Memorial Foundation reported income of $404k and spending of $313k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $469k to $404k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thorek Memorial Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Musical Arts Assn Music Hall End ($404k), Tandem Family Resource Center ($404k) and Miami Montessori School ($404k).

At year end it held assets of $12.2m against liabilities of $0, net assets of $12.2m.