Center for Independent Thought Inc

Analysis

Center for Independent Thought Inc is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Center for Independent Thought Inc reported income of $3.2m and spending of $2.5m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.2m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for Independent Thought Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include American Numismatic Society ($3.2m), Willa Cather Foundation ($3.2m) and The Taubman Museum of Art ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $93k (3.8% of expenses). Other salaries and wages came to $346k. At year end it held assets of $6.0m against liabilities of $0, net assets of $6.0m. It reported 9 employees.