Margaret & Martha Thomas Foundation The
Margaret & Martha Thomas Foundation shows stable expenses and no officer compensation amidst volatile revenue.
EIN: 203652030 · Wymore, NE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $376K |
| Program Spending | 90% |
| Net Assets | $6.3M |
| Transparency Score | 85/100 |
Is Margaret & Martha Thomas Foundation The Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret & Martha Thomas Foundation The directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret & Martha Thomas Foundation The
Margaret & Martha Thomas Foundation The (EIN: 203652030) is a nonprofit organization based in Wymore, NE, classified under NTEE code T20. The organization reported total revenue of $2.0M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret & Martha Thomas Foundation The's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret & Martha Thomas Foundation The is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -110.4% | -2.7% | -8.8% |
| 2022 | +607.6% | +0.5% | +15.4% |
| 2021 | -26.3% | +7.6% | -4.3% |
| 2020 | +456.9% | +8.4% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Margaret & Martha Thomas Foundation The 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, Margaret & Martha Thomas Foundation The 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 (2024)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for a foundation of this asset 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 Margaret & Martha Thomas Foundation The's IRS 990 filings:
- Significant negative revenue reported in recent years ($-64,113 in 2024, $-153,606 in 2023) without clear explanation in summary data.
- Fluctuating asset values, from a high of $7,744,613 in 2015 to $6,259,409 in 2024, indicating potential investment volatility or significant distributions.
Strengths
The following positive indicators were identified for Margaret & Martha Thomas Foundation The:
- Consistent reporting of 0% officer compensation, indicating highly efficient use of funds for leadership.
- Very low liabilities across all reported periods (often $0 or $1), demonstrating strong financial stability and minimal debt.
- Substantial asset base (over $6 million in latest filing) provides a strong financial cushion and capacity for grantmaking.
- Stable expense levels despite revenue volatility, suggesting disciplined financial management.
Frequently Asked Questions about Margaret & Martha Thomas Foundation The
Is Margaret & Martha Thomas Foundation The a legitimate charity?
Based on AI analysis of IRS 990 filings, Margaret & Martha Thomas Foundation The (EIN: 203652030) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Margaret & Martha Thomas Foundation The spend its money?
Margaret & Martha Thomas Foundation The directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Margaret & Martha Thomas Foundation The tax-deductible?
Margaret & Martha Thomas Foundation The is registered as a tax-exempt nonprofit (EIN: 203652030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Margaret & Martha Thomas Foundation The compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Margaret & Martha Thomas Foundation The is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Margaret & Martha Thomas Foundation The located?
Margaret & Martha Thomas Foundation The is headquartered in Wymore, Nebraska and files with the IRS under EIN 203652030. It is classified under NTEE code T20.
How many years of IRS 990 filings does Margaret & Martha Thomas Foundation The have?
Margaret & Martha Thomas Foundation The 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 $2.0M in total revenue.
What caused the negative revenue reported in 2024 and 2023?
The filings show negative revenues of $-64,113 in 2024 and $-153,606 in 2023. This could be due to investment losses, significant returns of grants, or accounting adjustments that reduced net assets, and would require further investigation into the detailed financial statements.
How does the foundation sustain its operations with such volatile revenue?
Despite revenue volatility, the foundation maintains substantial assets, such as $6,556,520 in the latest period, which likely provides a stable base for operations and grantmaking, allowing it to absorb periods of low or negative revenue.
What is the primary source of the foundation's income?
Given the NTEE code T20 (Private Grantmaking Foundations) and the fluctuating revenue, it's likely that investment income, capital gains, or contributions from a limited number of sources are the primary drivers, rather than broad public fundraising.
Filing History
IRS 990 filing history for Margaret & Martha Thomas Foundation The showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Margaret & Martha Thomas Foundation The's revenue has declined by 141.5%, moving from $155K to $-64,113. Total assets increased by 40.8% over the same period, from $4.4M to $6.3M. Total functional expenses rose by 264.1%, from $103K to $376K. The organization holds $1 in liabilities against $6.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $-64,113 | $376K | $6.3M | $1 | — | — |
| 2023 | $-153,606 | $464K | $6.7M | $1 | — | View 990 |
| 2022 | $1.5M | $477K | $7.3M | $1 | — | View 990 |
| 2021 | $208K | $475K | $6.4M | $1 | — | View 990 |
| 2020 | $282K | $441K | $6.6M | $0 | — | View 990 |
| 2016 | $51K | $407K | $7.4M | $0 | — | View 990 |
| 2015 | $3.7M | $396K | $7.7M | $0 | — | View 990 |
| 2014 | $254K | $285K | $4.4M | $0 | — | View 990 |
| 2013 | $331K | $311K | $4.4M | $3K | — | View 990 |
| 2012 | $155K | $103K | $4.4M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $-64,113, expenses of $376K, and assets of $6.3M.
- 2023: Revenue of $-153,606, expenses of $464K, and assets of $6.7M (revenue -110.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $477K, and assets of $7.3M (revenue +607.6% year-over-year).
- 2021: Revenue of $208K, expenses of $475K, and assets of $6.4M (revenue -26.3% year-over-year).
- 2020: Revenue of $282K, expenses of $441K, and assets of $6.6M (revenue +456.9% year-over-year).
- 2016: Revenue of $51K, expenses of $407K, and assets of $7.4M (revenue -98.6% year-over-year).
- 2015: Revenue of $3.7M, expenses of $396K, and assets of $7.7M (revenue +1374.0% year-over-year).
- 2014: Revenue of $254K, expenses of $285K, and assets of $4.4M (revenue -23.4% year-over-year).
- 2013: Revenue of $331K, expenses of $311K, and assets of $4.4M (revenue +114.0% year-over-year).
- 2012: Revenue of $155K, expenses of $103K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret & Martha Thomas Foundation The:
Data Sources and Methodology
This transparency report for Margaret & Martha Thomas Foundation The 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.