Quick charity verification for Thales Academy (EIN: 208920342)
Verdict: Thales Academy appears trustworthy
95/100Mission Score
$141.3MRevenue
$184.2MAssets
1Red Flags
4Strengths
Red Flags
The consistent 0% officer compensation across all filings, while positive, could warrant further inquiry to understand the full compensation structure if executives are compensated through a related entity not reflected in these specific lines.
Strengths
Consistent financial growth and increasing assets, from $26.35 million in 2014 to $184.18 million currently.
Exceptional transparency regarding executive compensation with 0% reported officer compensation across all filings.
Generally positive net income in most years, indicating sound financial management and sustainability.
Strong asset base relative to liabilities, demonstrating financial stability and solvency.
Spending Breakdown
How Thales Academy allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 Thales Academy
Is Thales Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Thales Academy (EIN: 208920342) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
Is Thales Academy a good charity to donate to?
Thales Academy has a Mission Score of 95/100. Revenue: $141.3M. Assets: $184.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thales Academy?
The Employer Identification Number (EIN) for Thales Academy is 208920342. 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 Thales Academy spend its money?
Thales Academy allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thales Academy's tax-exempt status?
You can verify Thales Academy's tax-exempt status using EIN 208920342 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
Thales Academy demonstrates strong financial health and growth, with its assets growing from $26.35 million in 2014 to $184.18 million currently. The organization consistently reports positive net income in most years, indicating sound financial management. For instance, in 2023, revenue was $43.46 million against expenses of $41.60 million, showing a surplus. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, indicating that top leadership is not drawing salaries from the nonprofit's funds, which is a significant positive for donor confidence and mission focus. This practice is highly unusual and commendable for an organization of its size and revenue. The NTEE code B24 indicates a focus on elementary and secondary education, aligning with its mission as an academy.