The Thanks-Giving Foundation

Analysis

The Thanks-Giving Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1964, 62 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Thanks-Giving Foundation reported income of $762k and spending of $908k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $762k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 108% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Thanks-Giving Foundation sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Hope for the World Foundation Inc ($762k), Texas Independent Baptist Seminary ($762k) and Bridgeport Islamic Community Center ($761k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Other salaries and wages came to $409k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 3 employees.