Thanc Foundation Inc

Analysis

Thanc Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Thanc Foundation Inc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.3m (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thanc Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Comprehensive Addiction Programs Inc ($1.3m), Pacific Islander Health Partnership ($1.3m) and Healthy Start Coalition of Osceola County Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $344k (31% of expenses). Other salaries and wages came to $248k. At year end it held assets of $5.9m against liabilities of $36k, net assets of $5.9m. It reported 6 employees.