Thurgood Marshall College Fund Inc

Analysis

Thurgood Marshall College Fund Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Thurgood Marshall College Fund Inc reported income of $77.8m and spending of $71.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.7m to $77.8m (+243%), an average of +36% a year. The sharpest change came in the year to December 2020, when income rose by 329%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thurgood Marshall College Fund Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within DC. Charities of a similar size with the same main cause include Walsh University ($77.8m), Saint Martins University ($78.0m) and Nebraska Wesleyan University ($77.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $2.5m (3.5% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $124.3m against liabilities of $5.6m, net assets of $118.7m. It reported 184 employees.