T H O R Inc

Analysis

T H O R Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, T H O R Inc reported income of $1.7m and spending of $396k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $174k to $1.7m (+868%), an average of +868% a year. The sharpest change came in the year to December 2023, when income rose by 868%. Over the whole period it spent 27% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, T H O R Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Chandler Amateur Hockey Association ($1.7m), Houston Juniors VBC ($1.7m) and Spokane Shadow Youth Soccer Club a Nonprofit Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $43k (11% of expenses). Other salaries and wages came to $12k. At year end it held assets of $1.5m against liabilities of $6,917, net assets of $1.4m. It reported 2 employees.