Thomas Training & Development Center Inc

Analysis

Thomas Training & Development Center Inc is a registered charity in United States, based in Franklin, LA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Thomas Training & Development Center Inc reported income of $104k and spending of $98k, spending 94% of its income. Across the 4 years on record, from July 2020 to July 2024, income fell from $174k to $104k (-40%), an average of -16% a year. The sharpest change came in the year to July 2022, when income dropped by 32%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thomas Training & Development Center Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within LA. Charities of a similar size with the same main cause include Elusen Inc ($104k), American Opportunity Foundation ($104k) and PTA California Congress of Parents Teachers & Students Inc ($104k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $271k against liabilities of $312k, net assets of -$41k.