Thistle Hills Inc

Analysis

Thistle Hills Inc is a registered charity in United States, based in Coatesville, PA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Thistle Hills Inc reported income of $127k and spending of $98k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $511k to $127k (-75%), an average of -37% a year. The sharpest change came in the year to June 2022, when income dropped by 91%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thistle Hills Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Winter Foundation ($127k), Step Up Ventura Inc ($127k) and Doug and Susans Kids Foundation ($127k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $55k (56% of expenses). Other salaries and wages came to $7,166. At year end it held assets of $369k against liabilities of $920, net assets of $368k. It reported 2 employees.