Thaimex Mission Project Inc

Analysis

Thaimex Mission Project Inc is a registered charity in United States, based in Ben Lomond, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Thaimex Mission Project Inc reported income of $114k and spending of $173k, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $114k (+420%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 171%. Over the whole period it spent 224% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thaimex Mission Project Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Marina Steering Committee Inc ($114k), Kiawanda Community Center ($114k) and Wings for Heroes ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (72% of expenses). At year end it held assets of $213k against liabilities of $2,050, net assets of $211k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.