Thunder Cares

Analysis

Thunder Cares is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Thunder Cares reported income of $176k and spending of $166k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $176k (+4.7%), an average of +4.7% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thunder Cares sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Fort Worth Chamber Development Foundation ($176k), New York Key Club Foundation ($176k) and Foundation for a Better Louisiana Fidelity National Bank Building ($176k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.