Frank C and Mattie H Thompson Memorial Trust

Analysis

Frank C and Mattie H Thompson Memorial Trust is a registered charity in United States, based in Oaks, PA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Frank C and Mattie H Thompson Memorial Trust reported income of $1.4m and spending of $870k, leaving 38% of income unspent that year. Across the 5 years on record, from September 2020 to September 2024, income grew from $942k to $1.4m (+49%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 111%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Frank C and Mattie H Thompson Memorial Trust sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Sherwood Country Club Charitable Foundation Inc ($1.4m), Art State Arizona ($1.4m) and Cops for Kids with Cancer Inc ($1.4m).

Compensation of current officers, directors and key employees was $83k (9.6% of expenses). At year end it held assets of $17.8m against liabilities of $0, net assets of $17.8m.