Thornton Township Foundation Inc

Analysis

Thornton Township Foundation Inc is a registered charity in United States, based in South Holland, IL. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Thornton Township Foundation Inc reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $1.8m (-47%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 74%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thornton Township Foundation Inc 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 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Women Business Collaborative ($1.8m), Bank Administration Institute ($1.8m) and Operating Engineers Nationalcharity Fund ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $106k against liabilities of $107k, net assets of -$291.