Tgs-Think Global School Inc

Analysis

Tgs-Think Global School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Tgs-Think Global School Inc reported income of $11.2m and spending of $11.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $11.2m (+6.2%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 110%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tgs-Think Global School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Flagstaff Academy Inc ($11.2m), Memphis Rise Academy Inc ($11.2m) and Cedarcrest Inc ($11.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $204k (1.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $1.9m against liabilities of $1.2m, net assets of $752k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.