Consistent asset growth over the past decade (from $65.2M in 2014 to $85.3M in 2023)
Generally stable financial operations with several years of operational surpluses
Strong program focus inherent to its mission as an educational institution
Manageable liabilities relative to assets ($18.3M liabilities vs. $85.3M assets in 2023)
Spending Breakdown
How Thomas College allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Thomas College
Is Thomas College a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas College (EIN: 10263385) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Thomas College a good charity to donate to?
Thomas College has a Mission Score of 85/100. Revenue: $54.9M. Assets: $86.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thomas College?
The Employer Identification Number (EIN) for Thomas College is 10263385. 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 Thomas College spend its money?
Thomas College allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thomas College's tax-exempt status?
You can verify Thomas College's tax-exempt status using EIN 10263385 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
Thomas College demonstrates a generally stable financial position with consistent revenue streams and asset growth over the past decade. For the fiscal year ending June 2023, the college reported revenues of $34,736,562 against expenses of $35,230,449, indicating a slight operational deficit for that period. However, this follows several years of operational surpluses, such as in 2021 where revenue exceeded expenses by over $4.6 million. The organization's assets have steadily increased from $65,292,946 in 2014 to $85,311,388 in 2023, suggesting sound long-term financial management and investment in its infrastructure.
Spending efficiency appears reasonable for an educational institution, with a significant portion of expenses likely directed towards program services. The consistent growth in assets, alongside manageable liabilities, indicates a healthy balance sheet. The absence of reported officer compensation across all available filings is a notable point regarding executive remuneration, suggesting that compensation for key personnel may be reported differently or is not classified as officer compensation in these specific filings, which warrants further investigation for complete transparency. Overall, Thomas College appears to be a financially stable institution focused on its educational mission.