Thumbs Up High 5k

Analysis

Thumbs Up High 5k is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Thumbs Up High 5k reported income of $464k and spending of $316k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $172k to $464k (+170%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thumbs Up High 5k sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Booth Manor Inc ($464k), Center for Creative Living Corporat ($464k) and National Church Residences of ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $59k (19% of expenses). Other salaries and wages came to $49k. At year end it held assets of $332k against liabilities of $5,547, net assets of $326k. It reported 4 employees.