Thoreau College Inc

Analysis

Thoreau College Inc is a registered charity in United States, based in Viroqua, WI. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Thoreau College Inc reported income of $421k and spending of $430k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $353k to $421k (+19%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thoreau College Inc 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 67th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Agape Christian School Inc ($421k), Royal Arch Research Assistance Inc ($422k) and International Society for the Science of Existential Psychology ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $64k (15% of expenses). Other salaries and wages came to $72k. At year end it held assets of $13k against liabilities of -$1,737, net assets of $15k. 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.