Thetis Foundation

Analysis

Thetis Foundation is a registered charity in United States, based in Sumas, WA. It received its IRS tax-exemption ruling in April 1981, 45 years ago. 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, Thetis Foundation reported income of $438k and spending of $137k, leaving 69% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $86k to $438k (+412%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 418%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thetis Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include West Virginia Parent Training and Information Inc ($438k), Philosophical Society of Texas ($438k) and Canyoncito Montessori School and Child Care Center ($438k).

At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.