Thinking Nation Corp

Analysis

Thinking Nation Corp is a registered charity in United States, based in Porter Ranch, CA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Thinking Nation Corp reported income of $1.3m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $260k to $1.3m (+410%), an average of +50% a year. The sharpest change came in the year to June 2023, when income rose by 158%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thinking Nation Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Thrival Academy Indy Inc ($1.3m), Gan Academy ($1.3m) and American Friends of Yeshivat Hakotel ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $395k (29% of expenses). Other salaries and wages came to $229k. At year end it held assets of $648k against liabilities of $8,618, net assets of $640k. It reported 25 employees.