Is William S And Nancy E Thompson Foundation Legit?
Quick charity verification for William S And Nancy E Thompson Foundation (EIN: 206371108)
Verdict: William S And Nancy E Thompson Foundation appears trustworthy
90/100Mission Score
$26.6MRevenue
$79.1MAssets
1Red Flags
3Strengths
Red Flags
Significant expense fluctuations, including negative expenses in some years, which may require deeper investigation into accounting practices or investment activities.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Substantial and growing asset base, demonstrating strong financial health and sustainability.
Significant grantmaking activity, as evidenced by high expenses relative to revenue in recent years (e.g., $20,890,979 expenses vs. $5,001,453 revenue in 2023).
Spending Breakdown
How William S And Nancy E Thompson Foundation allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
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 William S And Nancy E Thompson Foundation
Is William S And Nancy E Thompson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William S And Nancy E Thompson Foundation (EIN: 206371108) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
Is William S And Nancy E Thompson Foundation a good charity to donate to?
William S And Nancy E Thompson Foundation has a Mission Score of 90/100. Revenue: $26.6M. Assets: $79.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for William S And Nancy E Thompson Foundation?
The Employer Identification Number (EIN) for William S And Nancy E Thompson Foundation is 206371108. 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 William S And Nancy E Thompson Foundation spend its money?
William S And Nancy E Thompson Foundation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify William S And Nancy E Thompson Foundation's tax-exempt status?
You can verify William S And Nancy E Thompson Foundation's tax-exempt status using EIN 206371108 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 William S And Nancy E Thompson Foundation demonstrates a fluctuating financial profile, typical of a private foundation primarily distributing grants. In the most recent filing (202312), the organization reported expenses of $20,890,979 against revenue of $5,001,453, indicating a significant draw from its substantial asset base of $74,154,248. This pattern of expenses exceeding revenue is not uncommon for foundations making large grant distributions, especially given their mission to support other organizations. The foundation consistently reports 0% officer compensation across all available filings, which is a strong indicator of efficient administrative spending and a commitment to directing funds towards its charitable purpose rather than executive salaries. While specific program spending ratios aren't detailed in the provided data, the absence of officer compensation suggests a lean operational structure. The foundation's assets have grown significantly over the years, from $39,872,089 in 2011 to $74,154,248 in 2023, demonstrating robust financial stewardship and capacity for future grantmaking. The negative expenses reported in 2019 and 2020 likely reflect investment gains or reversals, which can skew expense reporting for foundations.