Daniel K Thorne Foundation Inc
Daniel K Thorne Foundation maintains stable assets while experiencing fluctuating revenue and consistent expenses.
EIN: 133857951 · Georges Mills, NH · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $412K |
| Program Spending | 90% |
| Net Assets | $6.4M |
| Transparency Score | 85/100 |
Is Daniel K Thorne Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daniel K Thorne Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Daniel K Thorne Foundation Inc
Daniel K Thorne Foundation Inc (EIN: 133857951) is a nonprofit organization based in Georges Mills, NH, classified under NTEE code T22Z. The organization reported total revenue of $3.4M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daniel K Thorne Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Daniel K Thorne Foundation Inc is a mid-size nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $271K |
| Total Expenses | $412K |
| Surplus / Deficit | $-141,228 |
| Total Assets | $6.4M |
| Total Liabilities | $4K |
| Net Assets | $6.4M |
| Operating Margin | -52.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 186.1 months |
Financial Health Grade: B
In 2023, Daniel K Thorne Foundation Inc reported a deficit of $141K with expenses exceeding revenue, holds 186.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Daniel K Thorne Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.0% | -11.7% | -0.3% |
| 2022 | +4.2% | -4.0% | +2.5% |
| 2021 | +1.4% | +5.4% | +3.6% |
| 2020 | +4.0% | -3.6% | -4.3% |
| 2019 | +594.0% | +9.3% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Daniel K Thorne Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Daniel K Thorne Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $141K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through an external management entity, which is a positive sign for minimizing overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Daniel K Thorne Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312), leading to a net deficit for the period.
Strengths
The following positive indicators were identified for Daniel K Thorne Foundation Inc:
- Consistent asset base, indicating financial stability (e.g., $6,385,407 in 2023, $6,681,829 latest).
- No reported officer compensation across all filings, suggesting efficient use of funds and volunteer leadership.
- Consistent IRS 990 filing history, demonstrating good transparency and compliance.
- Low liabilities, with most years reporting $1 or $0 in liabilities, indicating strong financial health.
Frequently Asked Questions about Daniel K Thorne Foundation Inc
Is Daniel K Thorne Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Daniel K Thorne Foundation Inc (EIN: 133857951) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Daniel K Thorne Foundation Inc spend its money?
Daniel K Thorne Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Daniel K Thorne Foundation Inc tax-deductible?
Daniel K Thorne Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133857951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Daniel K Thorne Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Daniel K Thorne Foundation Inc is above average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Daniel K Thorne Foundation Inc located?
Daniel K Thorne Foundation Inc is headquartered in Georges Mills, New Hampshire and files with the IRS under EIN 133857951. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Daniel K Thorne Foundation Inc have?
Daniel K Thorne Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.4M in total revenue.
Is Daniel K Thorne Foundation Inc a good charity?
As a private foundation, its 'goodness' is typically measured by its grant-making impact. Based on the provided financial data, the foundation appears to be well-managed with stable assets and no reported officer compensation, suggesting efficient use of funds for its intended purpose.
How does the foundation's revenue compare to its expenses?
Revenue has fluctuated significantly, from $80,671 in 2015 to $1,085,751 in 2012. Expenses have been more consistent, generally ranging from $360,024 to $567,142 annually. In some years (e.g., 2023, 2015, 2011), expenses exceeded revenue, while in others (e.g., 2022, 2021, 2020, 2019, 2014, 2013, 2012), revenue exceeded expenses.
What is the trend in the foundation's assets?
The foundation's assets have remained remarkably stable over the past decade, generally fluctuating between $5.7 million and $6.7 million, indicating sound financial stewardship of its endowment.
Filing History
IRS 990 filing history for Daniel K Thorne Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Daniel K Thorne Foundation Inc's revenue has grown by 194.1%, moving from $92K to $271K. Total assets increased by 10.3% over the same period, from $5.8M to $6.4M. Total functional expenses fell by 27.4%, from $567K to $412K. In its most recent filing year (2023), Daniel K Thorne Foundation Inc reported a deficit of $141K, with expenses exceeding revenue. The organization holds $4K in liabilities against $6.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $271K | $412K | $6.4M | $4K | — | — |
| 2022 | $615K | $467K | $6.4M | $1 | — | View 990 |
| 2021 | $590K | $486K | $6.2M | $1 | — | View 990 |
| 2020 | $582K | $461K | $6.0M | $1 | — | View 990 |
| 2019 | $560K | $478K | $6.3M | $1 | — | — |
| 2015 | $81K | $438K | $6.1M | $1 | — | View 990 |
| 2014 | $510K | $360K | $6.7M | $0 | — | View 990 |
| 2013 | $536K | $471K | $6.8M | $0 | — | View 990 |
| 2012 | $1.1M | $439K | $6.5M | $0 | — | View 990 |
| 2011 | $92K | $567K | $5.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $271K, expenses of $412K, and assets of $6.4M (revenue -56.0% year-over-year).
- 2022: Revenue of $615K, expenses of $467K, and assets of $6.4M (revenue +4.2% year-over-year).
- 2021: Revenue of $590K, expenses of $486K, and assets of $6.2M (revenue +1.4% year-over-year).
- 2020: Revenue of $582K, expenses of $461K, and assets of $6.0M (revenue +4.0% year-over-year).
- 2019: Revenue of $560K, expenses of $478K, and assets of $6.3M (revenue +594.0% year-over-year).
- 2015: Revenue of $81K, expenses of $438K, and assets of $6.1M (revenue -84.2% year-over-year).
- 2014: Revenue of $510K, expenses of $360K, and assets of $6.7M (revenue -4.8% year-over-year).
- 2013: Revenue of $536K, expenses of $471K, and assets of $6.8M (revenue -50.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $439K, and assets of $6.5M (revenue +1080.1% year-over-year).
- 2011: Revenue of $92K, expenses of $567K, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Daniel K Thorne Foundation Inc:
Data Sources and Methodology
This transparency report for Daniel K Thorne Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.