Thanks Mom & Dad Fund Inc

Analysis

Thanks Mom & Dad Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in April 2003, 23 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, Thanks Mom & Dad Fund Inc reported income of $173k and spending of $134k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $173k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 123%. 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, Thanks Mom & Dad Fund Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within GA. Charities of a similar size with the same main cause include Positive Behavior Support Community Foundation ($173k), Shanti Childrens Foundation ($173k) and Healing Cross Project ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $37k (27% of expenses). At year end it held assets of $618k against liabilities of $2,898, net assets of $615k.