L V Thompson Family Foundation Inc
L V Thompson Family Foundation Inc shows strong asset growth and consistent revenue surplus with no reported officer compensation.
EIN: 202015225 · Tampa, FL · NTEE: T21 · Updated: 2026-03-28
Is L V Thompson Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
L V Thompson Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About L V Thompson Family Foundation Inc
L V Thompson Family Foundation Inc (EIN: 202015225) is a nonprofit organization based in Tampa, FL, classified under NTEE code T21. The organization reported total revenue of $7.7M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L V Thompson Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L V Thompson Family Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $658K |
| Surplus / Deficit | +$2.4M |
| Total Assets | $15.1M |
| Net Assets | $15.1M |
| Operating Margin | 78.7% |
| Months of Reserves | 276.1 months |
Financial Health Grade: A
In 2023, L V Thompson Family Foundation Inc reported a surplus of $2.4M with revenue exceeding expenses, holds 276.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2023), L V Thompson Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.9% | +11.1% | +19.1% |
| 2022 | -43.6% | +38.7% | +11.9% |
| 2021 | +172.6% | +31.8% | +40.1% |
| 2020 | +18.8% | -45.9% | +13.3% |
| 2019 | +376.5% | +147.9% | +58.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 L V Thompson Family 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: 85%
- fundraising: 5%
According to IRS 990 filings, L V Thompson Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $2.4M, with revenue exceeding expenses.
Executive Compensation Analysis
The L V Thompson Family Foundation Inc reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size with $17.1 million in assets.
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 L V Thompson Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown to fully assess program efficiency
- Unusually low liabilities across all periods, potentially indicating a lack of operational complexity or specific funding structures
- 0% officer compensation for an organization with $17.1 million in assets is highly unusual and warrants further inquiry into how leadership is supported or if services are entirely pro bono.
Strengths
The following positive indicators were identified for L V Thompson Family Foundation Inc:
- Strong asset growth from $4.25 million in 2011 to $17.1 million currently.
- Consistent revenue surplus, with revenue significantly exceeding expenses (e.g., $3.08 million revenue vs. $658,324 expenses in 2023).
- No reported officer compensation, suggesting a lean operational model and dedication of resources to the mission.
- Minimal liabilities across all reported periods, indicating sound financial management.
Frequently Asked Questions about L V Thompson Family Foundation Inc
Is L V Thompson Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, L V Thompson Family Foundation Inc (EIN: 202015225) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does L V Thompson Family Foundation Inc spend its money?
L V Thompson Family Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to L V Thompson Family Foundation Inc tax-deductible?
L V Thompson Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202015225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is L V Thompson Family Foundation Inc a good charity?
Based on its strong financial health, significant asset growth, and consistent revenue surplus, the foundation appears to be well-managed financially. The lack of officer compensation is a notable positive, suggesting resources are directed towards its mission. However, a detailed breakdown of program spending versus administrative costs would provide a clearer picture of its direct impact.
How has the foundation's financial position changed over time?
The foundation has experienced substantial growth, with assets increasing from $4.25 million in 2011 to $17.1 million currently. Revenue has also seen significant increases, particularly in recent years, from $198,039 in 2011 to $3.08 million in 2023, while expenses have remained relatively low in comparison.
What is the foundation's approach to executive compensation?
The foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating that its executives are not compensated through traditional officer salary structures.
Filing History
IRS 990 filing history for L V Thompson Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), L V Thompson Family Foundation Inc's revenue has grown by 1459.2%, moving from $198K to $3.1M. Total assets increased by 255.9% over the same period, from $4.3M to $15.1M. Total functional expenses rose by 210.8%, from $212K to $658K. In its most recent filing year (2023), L V Thompson Family Foundation Inc reported a surplus of $2.4M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $658K | $15.1M | $-54 | — | — |
| 2022 | $2.0M | $593K | $12.7M | $3K | — | View 990 |
| 2021 | $3.5M | $427K | $11.4M | $5K | — | View 990 |
| 2020 | $1.3M | $324K | $8.1M | $1 | — | — |
| 2019 | $1.1M | $600K | $7.2M | $189 | — | View 990 |
| 2015 | $225K | $242K | $4.5M | $-1,000 | — | View 990 |
| 2014 | $251K | $228K | $4.5M | $4K | — | View 990 |
| 2013 | $427K | $225K | $4.5M | $5K | — | View 990 |
| 2012 | $258K | $215K | $4.3M | $0 | — | View 990 |
| 2011 | $198K | $212K | $4.3M | $934 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $658K, and assets of $15.1M (revenue +57.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $593K, and assets of $12.7M (revenue -43.6% year-over-year).
- 2021: Revenue of $3.5M, expenses of $427K, and assets of $11.4M (revenue +172.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $324K, and assets of $8.1M (revenue +18.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $600K, and assets of $7.2M (revenue +376.5% year-over-year).
- 2015: Revenue of $225K, expenses of $242K, and assets of $4.5M (revenue -10.6% year-over-year).
- 2014: Revenue of $251K, expenses of $228K, and assets of $4.5M (revenue -41.1% year-over-year).
- 2013: Revenue of $427K, expenses of $225K, and assets of $4.5M (revenue +65.7% year-over-year).
- 2012: Revenue of $258K, expenses of $215K, and assets of $4.3M (revenue +30.2% year-over-year).
- 2011: Revenue of $198K, expenses of $212K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L V Thompson Family Foundation Inc:
Data Sources and Methodology
This transparency report for L V Thompson Family 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.