Thielen Foundation Inc

Analysis

Thielen Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Thielen Foundation Inc reported income of $1.2m and spending of $441k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $1.2m (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Thielen Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Community Foundation of Jackson County ($1.2m), New Hope Initiative Inc ($1.2m) and Beth Aba TR ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $1.9m against liabilities of $57k, net assets of $1.8m.