Quick charity verification for L V Thompson Family Foundation Inc (EIN: 202015225)
Verdict: L V Thompson Family Foundation Inc appears trustworthy
85/100Mission Score
$7.7MRevenue
$17.1MAssets
3Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown to fully assess program efficiency
Unusually low liabilities across all periods, potentially indicating a lack of operational complexity or specific funding structures
0% officer compensation for an organization with $17.1 million in assets is highly unusual and warrants further inquiry into how leadership is supported or if services are entirely pro bono.
Strengths
Strong asset growth from $4.25 million in 2011 to $17.1 million currently.
Consistent revenue surplus, with revenue significantly exceeding expenses (e.g., $3.08 million revenue vs. $658,324 expenses in 2023).
No reported officer compensation, suggesting a lean operational model and dedication of resources to the mission.
Minimal liabilities across all reported periods, indicating sound financial management.
Spending Breakdown
How L V Thompson Family Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 L V Thompson Family Foundation Inc
Is L V Thompson Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, L V Thompson Family Foundation Inc (EIN: 202015225) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is L V Thompson Family Foundation Inc a good charity to donate to?
L V Thompson Family Foundation Inc has a Mission Score of 85/100. Revenue: $7.7M. Assets: $17.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for L V Thompson Family Foundation Inc?
The Employer Identification Number (EIN) for L V Thompson Family Foundation Inc is 202015225. 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 L V Thompson Family Foundation Inc spend its money?
L V Thompson Family Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify L V Thompson Family Foundation Inc's tax-exempt status?
You can verify L V Thompson Family Foundation Inc's tax-exempt status using EIN 202015225 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 L V Thompson Family Foundation Inc demonstrates strong financial health, with its assets growing significantly from $4.25 million in 2011 to over $17.1 million currently. The foundation consistently operates with a substantial surplus, as evidenced by its latest filing showing $3.08 million in revenue against $658,324 in expenses. This indicates a robust capacity to fund its philanthropic activities. However, without a detailed breakdown of program service expenses versus administrative and fundraising costs in the provided data, it's challenging to fully assess spending efficiency. The consistent reporting of 0% officer compensation suggests a lean operational model, which is a positive indicator for donor confidence.
The foundation's revenue has shown remarkable growth, particularly in recent years, jumping from $1.27 million in 2020 to $3.08 million in 2023. This growth, coupled with relatively stable or moderately increasing expenses, contributes to its accumulating asset base. The absence of officer compensation and minimal liabilities across all reported periods points to sound financial management and a focus on maximizing resources for its mission. To further enhance transparency, a more granular breakdown of how expenses are allocated would be beneficial for stakeholders.