Thamani

Analysis

Thamani is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2020, 6 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, Thamani reported income of $341k and spending of $298k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $234k to $341k (+46%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thamani sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Southern California Amateur Hockey Assoc ($341k), Keeping It Real Loving Caring Sharing in the Neighborhood Instit ($341k) and Lancaster Dollars for Higher Learning ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $30k (10% of expenses). At year end it held assets of $178k against liabilities of $6,933, net assets of $171k. It reported 7 employees.