Thanksgiving Heroes SLC Inc

Analysis

Thanksgiving Heroes SLC Inc is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Thanksgiving Heroes SLC Inc reported income of $410k and spending of $377k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $410k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thanksgiving Heroes SLC Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within UT. Charities of a similar size with the same main cause include Equal Access to Justice Inc ($410k), Greater Hayward Area Recreation & Park Foundation ($411k) and Zomia Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (21% of expenses). At year end it held assets of $134k against liabilities of $58, net assets of $134k.