Quick charity verification for Thom Family Foundation Inc (EIN: 200374684)
Verdict: Thom Family Foundation Inc appears trustworthy
92/100Mission Score
$4.2MRevenue
$12.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $2.6M in 2011 to $10.9M in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
Very low liabilities, consistently reported as $1, reflecting strong financial health.
Expenses consistently well below revenue, allowing for significant asset accumulation and endowment growth.
Strong financial transparency through consistent 990 filings.
Spending Breakdown
How Thom Family Foundation Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Thom Family Foundation Inc
Is Thom Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thom Family Foundation Inc (EIN: 200374684) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Thom Family Foundation Inc a good charity to donate to?
Thom Family Foundation Inc has a Mission Score of 92/100. Revenue: $4.2M. Assets: $12.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thom Family Foundation Inc?
The Employer Identification Number (EIN) for Thom Family Foundation Inc is 200374684. 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 Thom Family Foundation Inc spend its money?
Thom Family Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thom Family Foundation Inc's tax-exempt status?
You can verify Thom Family Foundation Inc's tax-exempt status using EIN 200374684 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 Thom Family Foundation Inc. demonstrates strong financial health and consistent growth in assets over the past decade, increasing from $2,653,469 in 2011 to $10,905,630 in 2023. The organization consistently reports very low liabilities, often just $1, indicating a robust balance sheet. Their spending efficiency appears high, as total expenses are consistently well below total revenue, allowing for significant asset accumulation. For example, in 2023, revenue was $1,039,991 while expenses were $648,596, resulting in a surplus that contributes to their endowment.
The foundation's transparency is commendable, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that the foundation is managed by volunteers or that compensation is covered by other means not reported as officer compensation, which is a positive indicator for donor confidence. The NTEE code T22 (Private Grantmaking Foundations) aligns with their operational model of distributing grants rather than direct program delivery, which typically results in lower administrative overhead compared to direct service charities. Overall, the foundation exhibits sound financial management and a clear commitment to its mission through grantmaking.