The James P Thorne Charitable Endowment

Analysis

The James P Thorne Charitable Endowment is a registered charity in United States, based in Logan, UT. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The James P Thorne Charitable Endowment reported income of $251k and spending of $202k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $251k (+135%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The James P Thorne Charitable Endowment sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within UT. Charities of a similar size with the same main cause include Chatham Education Foundation ($251k), Peter W Stott Foundation 02-03-1999 ($251k) and Miller Zell Charities Inc ($251k).

At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.