Douglas A Thom Memorial Corporation

Douglas A Thom Memorial Corporation maintains stable finances with low expenses and no reported officer compensation.

EIN: 16019126 · Camden, ME · Updated: 2026-03-28

$9KRevenue

$473KAssets

85/100Mission Score (Excellent)

Is Douglas A Thom Memorial Corporation Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Douglas A Thom Memorial Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Douglas A Thom Memorial Corporation

Douglas A Thom Memorial Corporation (EIN: 16019126) is a nonprofit organization based in Camden, ME. The organization reported total revenue of $9K and total assets of $473K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Douglas A Thom Memorial Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Douglas A Thom Memorial Corporation appears to be a small, well-managed organization with consistent financial performance over the past decade. With latest reported revenue of $9,043 and assets of $472,789, it maintains a healthy asset base relative to its operational scale. The organization consistently reports very low expenses compared to its revenue, indicating efficient use of funds and a focus on maintaining its endowment or principal. For example, in 2023, expenses were $3,399 against $6,280 in revenue, and in 2022, expenses were $3,446 against $4,796 in revenue.

The organization's spending efficiency is high, as evidenced by its low expense ratios. The consistent reporting of zero officer compensation across all available filings suggests that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. The minimal liabilities (consistently $1 or $0) further underscore a strong financial position and responsible fiscal management. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of program spending efficiency is challenging.

Transparency appears to be good, with a consistent filing history of 10 IRS 990 forms. The lack of officer compensation and minimal liabilities are strong indicators of sound governance. While the NTEE code is unknown, which can sometimes hinder understanding of its specific mission, the overall financial health and consistent, low-expense operations suggest a stable and well-stewarded entity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Douglas A Thom Memorial Corporation 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Douglas A Thom Memorial Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer means, which is highly favorable for a small organization of this size.

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 Douglas A Thom Memorial Corporation's IRS 990 filings:

NTEE code is unknown, making it difficult to ascertain specific programmatic focus without further research.

Strengths

The following positive indicators were identified for Douglas A Thom Memorial Corporation:

Consistent low expenses relative to revenue, indicating efficient operations (e.g., 2023 expenses $3,399 vs. revenue $6,280).
Zero reported officer compensation across all filings, suggesting volunteer leadership or highly efficient compensation structures.
Healthy and growing asset base, increasing from $439,039 in 2011 to $472,789 currently.
Minimal liabilities (consistently $1 or $0), indicating strong financial management and low debt.
Consistent IRS 990 filing history (10 filings), demonstrating good transparency and compliance.

Frequently Asked Questions about Douglas A Thom Memorial Corporation

Is Douglas A Thom Memorial Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Douglas A Thom Memorial Corporation (EIN: 16019126) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.

How does Douglas A Thom Memorial Corporation spend its money?

Douglas A Thom Memorial Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Douglas A Thom Memorial Corporation tax-deductible?

Douglas A Thom Memorial Corporation is registered as a tax-exempt nonprofit (EIN: 16019126). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Douglas A Thom Memorial Corporation a good charity?

Based on its financial data, the Douglas A Thom Memorial Corporation appears to be a financially sound and well-managed organization. It consistently operates with low expenses relative to revenue and maintains a healthy asset base, with no reported officer compensation. However, without specific program details or an NTEE code, it's difficult to assess the direct impact of its charitable activities.

What is the primary purpose of Douglas A Thom Memorial Corporation?

The IRS 990 data does not explicitly state the primary purpose or NTEE code for Douglas A Thom Memorial Corporation. To understand its mission, one would need to consult its organizational documents or website, if available.

How does Douglas A Thom Memorial Corporation manage its expenses?

The organization consistently manages its expenses very efficiently, with expenses significantly lower than its revenue in most years. For example, in 2023, expenses were $3,399 against $6,280 in revenue. This suggests a conservative spending approach and a focus on maintaining its financial principal.

Does Douglas A Thom Memorial Corporation have a strong financial position?

Yes, the organization demonstrates a strong financial position. It has consistently grown its assets from $439,039 in 2011 to $472,789 currently, while maintaining minimal liabilities (consistently $1 or $0). This indicates excellent fiscal health and stability.

Filing History

IRS 990 filing history for Douglas A Thom Memorial Corporation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Douglas A Thom Memorial Corporation's revenue has declined by 5.9%, moving from $7K to $6K. Total assets increased by 6.4% over the same period, from $439K to $467K. Total functional expenses fell by 19.2%, from $4K to $3K. In its most recent filing year (2023), Douglas A Thom Memorial Corporation reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $467K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $467K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6K	$3K	$467K	$1	—	—
2022	$5K	$3K	$464K	$1	—	View 990
2021	$7K	$4K	$463K	$1	—	—
2020	$6K	$4K	$460K	$1	—	—
2019	$6K	$4K	$467K	$1	—	View 990
2015	$8K	$4K	$455K	$1	—	View 990
2014	$8K	$9K	$451K	$0	—	View 990
2013	$10K	$4K	$451K	$0	—	View 990
2012	$10K	$4K	$445K	$0	—	View 990
2011	$7K	$4K	$439K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6K, expenses of $3K, and assets of $467K (revenue +30.9% year-over-year).
2022: Revenue of $5K, expenses of $3K, and assets of $464K (revenue -31.3% year-over-year).
2021: Revenue of $7K, expenses of $4K, and assets of $463K (revenue +13.3% year-over-year).
2020: Revenue of $6K, expenses of $4K, and assets of $460K (revenue +4.1% year-over-year).
2019: Revenue of $6K, expenses of $4K, and assets of $467K (revenue -24.0% year-over-year).
2015: Revenue of $8K, expenses of $4K, and assets of $455K (revenue -5.7% year-over-year).
2014: Revenue of $8K, expenses of $9K, and assets of $451K (revenue -20.8% year-over-year).
2013: Revenue of $10K, expenses of $4K, and assets of $451K (revenue +5.0% year-over-year).
2012: Revenue of $10K, expenses of $4K, and assets of $445K (revenue +48.8% year-over-year).
2011: Revenue of $7K, expenses of $4K, and assets of $439K.

Data Sources and Methodology

This transparency report for Douglas A Thom Memorial Corporation 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.