Thinking Huts

Analysis

Thinking Huts is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in August 2016, 10 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 2023, Thinking Huts reported income of $294k and spending of $181k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $241k to $294k (+22%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thinking Huts sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include City Outreach Foundation Inc ($294k), District Council of Springfield Ohio Society of St Vincent de Paul ($294k) and Wings for Widows ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $7,646, net assets of $141k.