Quick charity verification for Thomas Family Foundation (EIN: 204863671)
Verdict: Thomas Family Foundation appears trustworthy
85/100Mission Score
$19KRevenue
$90KAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $10,084 expenses vs. $4,368 revenue in 2023.
Gradual decline in assets from $106,869 in 2020 to $89,856 currently, indicating reliance on principal.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
Consistent filing of IRS Form 990s (9 filings), demonstrating strong transparency.
Minimal liabilities ($1 in recent years), indicating sound financial management and low debt.
Stable asset base around $90,000-$100,000, providing a foundation for grantmaking.
Spending Breakdown
How Thomas Family Foundation 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 Thomas Family Foundation
Is Thomas Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas Family Foundation (EIN: 204863671) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Thomas Family Foundation a good charity to donate to?
Thomas Family Foundation has a Mission Score of 85/100. Revenue: $19K. Assets: $90K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thomas Family Foundation?
The Employer Identification Number (EIN) for Thomas Family Foundation is 204863671. 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 Family Foundation spend its money?
Thomas Family Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thomas Family Foundation's tax-exempt status?
You can verify Thomas Family Foundation's tax-exempt status using EIN 204863671 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 Thomas Family Foundation, with an EIN of 204863671, appears to be a small private foundation based on its consistent revenue and asset levels. Over the past five years, its revenue has fluctuated, with the latest reported revenue at $18,793, while expenses have generally exceeded revenue, leading to a gradual decline in assets from $106,869 in 2020 to $89,856 currently. For instance, in 2023, the organization reported $4,368 in revenue against $10,084 in expenses. This trend of spending more than it takes in suggests a reliance on its existing asset base to fund operations, which is common for foundations making grants from an endowment. The foundation consistently reports zero officer compensation, indicating a volunteer-led or very lean operational structure, which is a positive sign for donor confidence regarding administrative overhead.
The organization's financial health, while stable in terms of asset base, shows a pattern of deficit spending. Its assets have decreased by approximately 15% since 2020. However, given its NTEE code T20 (Private Grantmaking Foundations), its primary function is likely to disburse grants, and the consistent asset base around $90,000-$100,000 suggests a managed endowment. The consistent reporting of minimal liabilities ($1 in recent years) indicates good financial management and low debt risk. The foundation's transparency is high, with nine filings available, demonstrating a consistent commitment to public disclosure.