Thotcon Infinity NFP

Analysis

Thotcon Infinity NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Thotcon Infinity NFP reported income of $51k and spending of $417k, spending 824% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $347k to $51k (-85%), an average of -47% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Thotcon Infinity NFP sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within IL. Charities of a similar size with the same main cause include Music of Penn Alps Inc ($51k), Timeless Melodies Foundation for Education Inc ($51k) and Global Material Technologies Charitable Foundation ($51k).

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 $66k against liabilities of $0, net assets of $66k.