Thistle and Bee Enterprises Inc

Analysis

Thistle and Bee Enterprises Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 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, Thistle and Bee Enterprises Inc reported income of $418k and spending of $646k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $496k to $418k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2020, when income rose by 206%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thistle and Bee Enterprises Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within TN. Charities of a similar size with the same main cause include Mothers in Arms ($418k), Frontline Mission ($418k) and Independent Peer Socialization Training Program ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $121k (19% of expenses). Other salaries and wages came to $216k. At year end it held assets of $763k against liabilities of $273k, net assets of $489k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.