Thatcher Brook Center

Analysis

Thatcher Brook Center is a registered charity in United States, based in Biddeford, ME. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Thatcher Brook Center reported income of $775k and spending of $781k, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $826k to $775k (-6.2%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thatcher Brook Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Golden Pantry and Thrift Inc ($775k), Benton Furniture Share ($775k) and In Return ($775k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). Other salaries and wages came to $304k. At year end it held assets of $268k against liabilities of $480, net assets of $267k. It reported 16 employees.