Thor Network Foundation

Analysis

Thor Network Foundation is a registered charity in United States, based in Sewickley, PA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Thor Network Foundation reported income of $366k and spending of $363k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $383k to $366k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thor Network Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Smith Center for Infectious Disease & Urban Health Pa ($366k), Applied Prevention Science International ($366k) and Care Net Pregnancy Center of Kittitas County ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.