Is Thomas More College Of Liberal Arts Incorporated Legit?
Quick charity verification for Thomas More College Of Liberal Arts Incorporated (EIN: 20344073)
Verdict: Thomas More College Of Liberal Arts Incorporated appears trustworthy
85/100Mission Score
$8.2MRevenue
$8.0MAssets
2Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could obscure actual executive remuneration.
Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary data, making precise spending efficiency analysis challenging.
Strengths
Consistent revenue growth, from $3,788,557 in 201705 to $5,988,598 in 202405, indicating financial stability.
Positive net income (revenue exceeding expenses) in most recent periods, demonstrating sound financial management.
Significant asset growth from $4,376,547 in 201705 to $7,414,400 in 202405, strengthening its financial position.
Decreasing liabilities from $2,998,319 in 201505 to $1,479,063 in 202405, improving its balance sheet health.
Consistent filing of IRS Form 990s over 13 periods, indicating a commitment to transparency and compliance.
Spending Breakdown
How Thomas More College Of Liberal Arts Incorporated 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 More College Of Liberal Arts Incorporated
Is Thomas More College Of Liberal Arts Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas More College Of Liberal Arts Incorporated (EIN: 20344073) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Thomas More College Of Liberal Arts Incorporated a good charity to donate to?
Thomas More College Of Liberal Arts Incorporated has a Mission Score of 85/100. Revenue: $8.2M. Assets: $8.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thomas More College Of Liberal Arts Incorporated?
The Employer Identification Number (EIN) for Thomas More College Of Liberal Arts Incorporated is 20344073. 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 More College Of Liberal Arts Incorporated spend its money?
Thomas More College Of Liberal Arts Incorporated allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thomas More College Of Liberal Arts Incorporated's tax-exempt status?
You can verify Thomas More College Of Liberal Arts Incorporated's tax-exempt status using EIN 20344073 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 More College Of Liberal Arts Incorporated demonstrates a generally stable financial position with consistent revenue growth over the past several years. In the latest reported period (202405), the organization generated $5,988,598 in revenue against $5,789,115 in expenses, resulting in a surplus. This positive trend is also evident in its asset growth, increasing from $4,376,547 in 201705 to $7,414,400 in 202405, indicating sound financial management and accumulation of resources. The organization's liabilities have also shown a decreasing trend from a high of $2,998,319 in 201505 to $1,479,063 in 202405, further strengthening its balance sheet.
Regarding spending efficiency, the consistent surpluses in most recent years suggest that the organization is managing its expenses effectively relative to its income. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, indicating that top leadership may be compensated through other means or that the organization operates with a volunteer leadership model, which can contribute to lower administrative overhead. This practice, if sustained, could free up more resources for programmatic activities.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure of its financial activities. The detailed financial data provided in these filings allows for a clear understanding of its revenue, expenses, assets, and liabilities. The lack of reported officer compensation, while potentially efficient, could also warrant further inquiry to understand the full compensation structure for key management personnel, ensuring complete transparency in executive remuneration.