Erats Thiel Building Company

Analysis

Erats Thiel Building Company is a registered charity in United States, based in Mountain Iron, MN. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Erats Thiel Building Company reported income of $363k and spending of $345k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $465k to $363k (-22%), an average of -22% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erats Thiel Building Company sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include International Christian University Inc ($363k), Students Achieving Greatness in Education Academy ($363k) and Montessori Elementary Teacher Training Collaborative ($363k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 99% of the total. At year end it held assets of $5.5m against liabilities of $5.2m, net assets of $359k.