Michael E Thornton Foundation

Analysis

Michael E Thornton Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Michael E Thornton Foundation reported income of $527k and spending of $583k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $267k to $527k (+98%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael E Thornton Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Unidad of Miami Beach Inc ($527k), Center for Parent-Youth Understanding ($527k) and Lake City Center Inc ($527k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $170k against liabilities of $7,252, net assets of $163k.