Thom-Boy Project

Analysis

Thom-Boy Project is a registered charity in United States, based in Astoria, OR. It received its IRS tax-exemption ruling in April 2017, 9 years ago. 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, Thom-Boy Project reported income of $310k and spending of $306k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $242k to $310k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thom-Boy Project sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OR. Charities of a similar size with the same main cause include Tri-Town Council on Youth and Family Services Inc ($310k), St Josephs Health Support Alliance ($310k) and Northbrook Community Nursery School ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $6.7m against liabilities of $6.7m, net assets of $11k.