Thornwell

Analysis

Thornwell is a registered charity in United States, based in Clinton, SC. It received its IRS tax-exemption ruling in February 1984, 42 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 December 2023, Thornwell reported income of $14.1m and spending of $12.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.3m to $14.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thornwell sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Hospice of El Paso Inc ($14.1m), The Childrens Place at Home Safe Inc ($14.1m) and Homeownership Preservation Foundation ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $598k (4.7% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $63.8m against liabilities of $832k, net assets of $62.9m. It reported 208 employees.