Foundation for Critical Thinking

Analysis

Foundation for Critical Thinking is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, 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, Foundation for Critical Thinking reported income of $186k and spending of $191k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $186k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 151% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Critical Thinking sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Community Music Center ($186k), Friends of Thacker Mountain Radio Inc ($186k) and Carpinteria Community Theatre Inc ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1,300 (0.7% of expenses). Other salaries and wages came to $75k. At year end it held assets of $610k against liabilities of $4,945, net assets of $605k. It reported 3 employees.