Thornston Educational Fund

Analysis

Thornston Educational Fund is a registered charity in United States, based in Wrightwood, CA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Thornston Educational Fund reported income of $3.1m and spending of $3.9m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $3.1m (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thornston Educational Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Day Orion Individual Treatment Inc ($3.1m), Atlanta Partnership of Business and Education Inc ($3.1m) and Childrens Pre-School Center Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $339k (8.6% of expenses). Other salaries and wages came to $514k. At year end it held assets of $6.8m against liabilities of $91k, net assets of $6.7m. It reported 9 employees.