Thea Foundation

Analysis

Thea Foundation is a registered charity in United States, based in N Little Rock, AR. It received its IRS tax-exemption ruling in March 2002, 24 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 June 2024, Thea Foundation reported income of $1.6m and spending of $1.1m, leaving 32% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $1.6m (+49%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thea Foundation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within AR. Charities of a similar size with the same main cause include Because International Corp ($1.6m), Sportable Richmond Adaptive Sports and Recreation Inc ($1.6m) and Southeast Missouri Network Against Sexual Violence Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $105k (9.8% of expenses). Other salaries and wages came to $196k. At year end it held assets of $6.2m against liabilities of $429k, net assets of $5.8m. It reported 4 employees.