Owen D & Jennifer Thomas Charitable Tr
Owen D & Jennifer Thomas Charitable Tr shows strong asset growth and no executive compensation.
EIN: 206656081 · Bronxville, NY · NTEE: T22 · Updated: 2026-03-28
Is Owen D & Jennifer Thomas Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Owen D & Jennifer Thomas Charitable Tr directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Owen D & Jennifer Thomas Charitable Tr
Owen D & Jennifer Thomas Charitable Tr (EIN: 206656081) is a nonprofit organization based in Bronxville, NY, classified under NTEE code T22. The organization reported total revenue of $8.7M and total assets of $17.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Owen D & Jennifer Thomas Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Owen D & Jennifer Thomas Charitable Tr is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$3K |
| Total Assets | $15.3M |
| Total Liabilities | $1 |
| Net Assets | $15.3M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 155.9 months |
Financial Health Grade: A
In 2023, Owen D & Jennifer Thomas Charitable Tr reported a surplus of $3K with revenue exceeding expenses, holds 155.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Owen D & Jennifer Thomas Charitable Tr's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +482.9% | -2.8% | -0.1% |
| 2022 | -90.1% | +14.5% | -6.2% |
| 2021 | -35.7% | +10.5% | +6.8% |
| 2020 | +190.4% | +105.1% | +17.0% |
| 2019 | +901.9% | +927.6% | +1994.3% |
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 Owen D & Jennifer Thomas Charitable Tr with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Owen D & Jennifer Thomas Charitable Tr allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly efficient for an organization of its size and type, ensuring more funds are available for its charitable mission.
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 Owen D & Jennifer Thomas Charitable Tr's IRS 990 filings:
- Volatile annual revenue, though common for foundations relying on investment returns.
Strengths
The following positive indicators were identified for Owen D & Jennifer Thomas Charitable Tr:
- Significant asset growth from $679,894 in 2011 to $15,281,173 in 2023.
- Consistently reports 0% officer compensation, indicating high operational efficiency.
- Minimal liabilities across all reported periods, demonstrating strong financial stability.
- Consistent IRS 990 filings, indicating good transparency.
- Strong program focus due to the nature of a charitable trust with low overhead.
Frequently Asked Questions about Owen D & Jennifer Thomas Charitable Tr
Is Owen D & Jennifer Thomas Charitable Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Owen D & Jennifer Thomas Charitable Tr (EIN: 206656081) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Owen D & Jennifer Thomas Charitable Tr spend its money?
Owen D & Jennifer Thomas Charitable Tr directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Owen D & Jennifer Thomas Charitable Tr tax-deductible?
Owen D & Jennifer Thomas Charitable Tr is registered as a tax-exempt nonprofit (EIN: 206656081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Owen D & Jennifer Thomas Charitable Tr a good charity?
Based on the financial data, the Owen D & Jennifer Thomas Charitable Tr appears to be a very good charity, particularly as a private foundation. It demonstrates strong asset growth (from $679,894 in 2011 to $15,281,173 in 2023), minimal liabilities, and zero executive compensation, indicating high efficiency and a focus on its charitable purpose.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Its assets have grown from under $1 million in 2011 to over $15 million in 2023, demonstrating substantial capital appreciation and effective financial management. Revenue and expenses have fluctuated, but the overall trend shows a robust and growing endowment.
What is the primary use of the organization's funds?
As a charitable trust (NTEE Code T22), the primary use of the organization's funds would be for grantmaking and distributions to other charitable organizations or individuals, consistent with its purpose. The low administrative expenses and zero officer compensation suggest that the vast majority of its expenditures are program-related grants.
Filing History
IRS 990 filing history for Owen D & Jennifer Thomas Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Owen D & Jennifer Thomas Charitable Tr's revenue has grown by 174.9%, moving from $429K to $1.2M. Total assets increased by 2147.6% over the same period, from $680K to $15.3M. Total functional expenses rose by 1070.1%, from $101K to $1.2M. In its most recent filing year (2023), Owen D & Jennifer Thomas Charitable Tr reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $15.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $15.3M | $1 | — | View 990 |
| 2022 | $202K | $1.2M | $15.3M | $1 | — | View 990 |
| 2021 | $2.0M | $1.1M | $16.3M | $1 | — | View 990 |
| 2020 | $3.2M | $956K | $15.3M | $1 | — | — |
| 2019 | $1.1M | $466K | $13.0M | $0 | — | — |
| 2015 | $109K | $45K | $623K | $1 | — | View 990 |
| 2014 | $15K | $46K | $559K | $1 | — | View 990 |
| 2013 | $56K | $98K | $590K | $1 | — | View 990 |
| 2012 | $20K | $68K | $632K | $1 | — | View 990 |
| 2011 | $429K | $101K | $680K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $15.3M (revenue +482.9% year-over-year).
- 2022: Revenue of $202K, expenses of $1.2M, and assets of $15.3M (revenue -90.1% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.1M, and assets of $16.3M (revenue -35.7% year-over-year).
- 2020: Revenue of $3.2M, expenses of $956K, and assets of $15.3M (revenue +190.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $466K, and assets of $13.0M (revenue +901.9% year-over-year).
- 2015: Revenue of $109K, expenses of $45K, and assets of $623K (revenue +638.5% year-over-year).
- 2014: Revenue of $15K, expenses of $46K, and assets of $559K (revenue -73.6% year-over-year).
- 2013: Revenue of $56K, expenses of $98K, and assets of $590K (revenue +173.6% year-over-year).
- 2012: Revenue of $20K, expenses of $68K, and assets of $632K (revenue -95.2% year-over-year).
- 2011: Revenue of $429K, expenses of $101K, and assets of $680K.
Data Sources and Methodology
This transparency report for Owen D & Jennifer Thomas Charitable Tr 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.