Independent School of Thought

Analysis

Independent School of Thought is a registered charity in United States, based in Coldwater, MS. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Independent School of Thought reported income of $79k and spending of $78k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $79k (-6.2%), an average of -6.2% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Independent School of Thought sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MS. Charities of a similar size with the same main cause include Ace Mentor Program of America Inc ($79k), Meachum School of Haymanot ($79k) and Sunnyside School Parents Club ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 72% of the total. At year end it held assets of $5,622 against liabilities of $0, net assets of $5,622.