Thai Community Development Center

Analysis

Thai Community Development Center is a registered charity in United States, based in Burr Ridge, IL. It received its IRS tax-exemption ruling in November 1995, 31 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 2023, Thai Community Development Center reported income of $1.8m and spending of $1.9m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $845k to $1.8m (+109%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thai Community Development Center sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include World Ministry Fellowship ($1.8m), South Asian Network Inc ($1.8m) and Developmental Educational Assistance Program of Southeastern ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $93k (4.8% of expenses). Other salaries and wages came to $672k. At year end it held assets of $423k against liabilities of $776k, net assets of -$353k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.