Charitable Fund of Michael W Thorne is a 501(c)(3) organization based in Long Branch, New Jersey, registered in 2006, with $27,670 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$28K
▲ 32.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$11K
Net assets
$175K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Charitable Fund of Michael W Thorne— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Charitable Fund of Michael W Thorne: 195 mo reserves · +61% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Charitable Fund of Michael W Thorne— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Charitable Fund of Michael W Thorne: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $12K (FY2018) to $28K (FY2024) across 7 reported years.
Financial snapshot
Operating margin
61.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$175K
Net assets
$175K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,670▲32.1% | $10,774▲82.5% | $174,697▲10.7% | $174,697▲10.7% | 990EZ |
| 2023 | $20,947▲214% | $5,903▲47.4% | $157,801▲10.5% | $157,801▲10.5% | 990EZ |
| 2022 | -$18,359▼259% | $4,006▼49.9% | $142,760▼13.5% | $142,760▼13.5% | 990EZ |
| 2021 | $11,522▲714% | $7,993▼0.7% | $165,125▲9.4% | $165,125▲9.4% | 990EZ |
| 2020 | -$1,878▼107% | $8,047▼12.6% | $150,975▼6.2% | $150,975▼6.2% | 990EZ |
| 2019 | $26,607▲117% | $9,202▼9.8% | $160,900▲12.1% | $160,900▲12.1% | 990EZ |
| 2018 | $12,245 | $10,199 | $143,492 | $143,492 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Explore more
Data for Charitable Fund of Michael W Thorne (EIN 20-4463768) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.