School of Thought

Analysis

School of Thought is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, School of Thought reported income of $468k and spending of $480k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $199k to $468k (+136%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 388%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, School of Thought 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 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include River Management Society ($468k), Nollie Jenkins Family Center Inc ($469k) and Empire 8 ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.