Quick charity verification for King Thomas Scholarship Tr (EIN: 16162280)
Verdict: King Thomas Scholarship Tr appears trustworthy
95/100Mission Score
$121KRevenue
$1.6MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown beyond total expenses (common for trusts)
Strengths
Consistent zero liabilities across all filings
No officer compensation reported, indicating high efficiency
Strong and stable asset base (endowment) for long-term sustainability
High percentage of expenses likely directed to program services (scholarships)
Clear alignment with NTEE code B82 (Scholarships, Student Financial Aid)
Spending Breakdown
How King Thomas Scholarship Tr allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about King Thomas Scholarship Tr
Is King Thomas Scholarship Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, King Thomas Scholarship Tr (EIN: 16162280) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is King Thomas Scholarship Tr a good charity to donate to?
King Thomas Scholarship Tr has a Mission Score of 95/100. Revenue: $121K. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for King Thomas Scholarship Tr?
The Employer Identification Number (EIN) for King Thomas Scholarship Tr is 16162280. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does King Thomas Scholarship Tr spend its money?
King Thomas Scholarship Tr allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify King Thomas Scholarship Tr's tax-exempt status?
You can verify King Thomas Scholarship Tr's tax-exempt status using EIN 16162280 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The King Thomas Scholarship Tr demonstrates consistent financial stability, primarily operating as a scholarship trust with a substantial asset base. In the latest filing (202312), the organization reported revenues of $107,978 against expenses of $82,000, indicating a healthy surplus. Over the past decade, revenues have generally trended upwards, with a notable spike in 2014 ($237,028), suggesting a significant one-time contribution or investment gain that year. The organization consistently maintains zero liabilities, which is a strong indicator of financial health and low risk. Its assets have remained robust, fluctuating around the $1.5 million to $1.7 million mark, providing a solid endowment for its scholarship activities.
Spending efficiency appears high, as the organization's primary function is to disburse scholarships, which are direct program expenses. With no reported officer compensation across all filings, administrative overhead is likely minimal, allowing a very high percentage of expenses to directly support its mission. The NTEE code B82 (Scholarships, Student Financial Aid) aligns perfectly with its operational data. The consistent absence of liabilities and officer compensation also points to a high degree of transparency regarding its financial structure and operations.
Overall, the King Thomas Scholarship Tr appears to be a well-managed and financially sound organization, effectively utilizing its resources to fulfill its mission of providing scholarships. Its consistent financial health, minimal overhead, and clear purpose make it a highly efficient and transparent entity in the nonprofit sector.