St Thomas Legacy Foundation
St Thomas Legacy Foundation consistently operates with low expenses relative to revenue and reports no officer compensation.
EIN: 203147902 · Medina, WA · NTEE: X11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $549K |
| Total Expenses | $60K |
| Program Spending | 90% |
| Net Assets | $766K |
| Transparency Score | 92/100 |
Is St Thomas Legacy Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Thomas Legacy Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Thomas Legacy Foundation
St Thomas Legacy Foundation (EIN: 203147902) is a nonprofit organization based in Medina, WA, classified under NTEE code X11. The organization reported total revenue of $549K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Thomas Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Thomas Legacy Foundation is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -16.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $60K |
| Surplus / Deficit | +$85K |
| Total Assets | $766K |
| Net Assets | $766K |
| Operating Margin | 58.9% |
| Months of Reserves | 154.0 months |
Financial Health Grade: A
In 2023, St Thomas Legacy Foundation reported a surplus of $85K with revenue exceeding expenses, holds 154.0 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), St Thomas Legacy Foundation's revenue has declined at a compound annual growth rate (CAGR) of -16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | +25.6% | +12.5% |
| 2022 | +14.2% | +66.8% | -2.4% |
| 2021 | +98.5% | -83.2% | +15.5% |
| 2020 | -54.1% | +174.8% | -15.2% |
| 2019 | +360.2% | -8.4% | +11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 St Thomas Legacy Foundation with a Mission Score of 92 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, St Thomas Legacy Foundation 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 surplus of $85K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executives are paid, which is highly commendable for a nonprofit of its 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 St Thomas Legacy Foundation's IRS 990 filings:
- Significant expense spikes in certain years (e.g., 2014 and 2020) without detailed program spending breakdowns in the provided data.
Strengths
The following positive indicators were identified for St Thomas Legacy Foundation:
- Consistent low expenses relative to revenue in recent years (e.g., 2023 expenses $59,729 vs. revenue $145,166).
- Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
- Healthy and growing asset base ($766,447 in 2023) with no reported liabilities in recent years.
- Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency.
Frequently Asked Questions about St Thomas Legacy Foundation
Is St Thomas Legacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, St Thomas Legacy Foundation (EIN: 203147902) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does St Thomas Legacy Foundation spend its money?
St Thomas Legacy Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Thomas Legacy Foundation tax-deductible?
St Thomas Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 203147902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does St Thomas Legacy Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), St Thomas Legacy Foundation is above average for NTEE category X11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Thomas Legacy Foundation located?
St Thomas Legacy Foundation is headquartered in Medina, Washington and files with the IRS under EIN 203147902. It is classified under NTEE code X11.
How many years of IRS 990 filings does St Thomas Legacy Foundation have?
St Thomas Legacy Foundation has 14 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 $549K in total revenue.
Is St Thomas Legacy Foundation a good charity?
Based on the available data, St Thomas Legacy Foundation appears to be a good charity. It consistently operates with low expenses relative to revenue, maintains a healthy asset base with no liabilities in recent years, and reports 0% officer compensation, all indicating strong financial health and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has generally improved and stabilized. While there were periods of high expenses relative to revenue (e.g., 2014 and 2020), recent years show consistent revenue exceeding expenses, and assets have steadily grown from $366,031 in 2014 to $766,447 in 2023, with liabilities reduced to zero.
What caused the significant expense spike in 2014?
In 2014, the organization reported expenses of $5,721,350 against revenue of $1,046,879. Without more detailed breakdowns from the 990 filing, the specific cause of this significant expense spike cannot be definitively determined, but it could indicate a major program investment or asset acquisition.
Filing History
IRS 990 filing history for St Thomas Legacy Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), St Thomas Legacy Foundation's revenue has declined by 89.8%, moving from $1.4M to $145K. Total assets decreased by 46% over the same period, from $1.4M to $766K. Total functional expenses rose by 135647.7%, from $44 to $60K. In its most recent filing year (2023), St Thomas Legacy Foundation reported a surplus of $85K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $60K | $766K | $0 | — | — |
| 2022 | $140K | $48K | $681K | $0 | — | View 990 |
| 2021 | $122K | $29K | $698K | $0 | — | View 990 |
| 2020 | $62K | $170K | $604K | $0 | — | View 990 |
| 2019 | $134K | $62K | $712K | $0 | — | View 990 |
| 2018 | $29K | $67K | $640K | $0 | — | View 990 |
| 2017 | $94K | $37K | $710K | $0 | — | View 990 |
| 2016 | $86K | $63K | $653K | $0 | — | View 990 |
| 2015 | $656K | $385K | $630K | $455K | — | View 990 |
| 2014 | $1.0M | $5.7M | $366K | $750K | — | — |
| 2013 | $3.0M | $2.4M | $4.3M | $0 | — | View 990 |
| 2012 | $1.9M | $373K | $3.8M | $0 | — | View 990 |
| 2011 | $1.0M | $402K | $2.0M | $0 | — | View 990 |
| 2010 | $1.4M | $44 | $1.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $60K, and assets of $766K (revenue +4.0% year-over-year).
- 2022: Revenue of $140K, expenses of $48K, and assets of $681K (revenue +14.2% year-over-year).
- 2021: Revenue of $122K, expenses of $29K, and assets of $698K (revenue +98.5% year-over-year).
- 2020: Revenue of $62K, expenses of $170K, and assets of $604K (revenue -54.1% year-over-year).
- 2019: Revenue of $134K, expenses of $62K, and assets of $712K (revenue +360.2% year-over-year).
- 2018: Revenue of $29K, expenses of $67K, and assets of $640K (revenue -69.0% year-over-year).
- 2017: Revenue of $94K, expenses of $37K, and assets of $710K (revenue +9.9% year-over-year).
- 2016: Revenue of $86K, expenses of $63K, and assets of $653K (revenue -87.0% year-over-year).
- 2015: Revenue of $656K, expenses of $385K, and assets of $630K (revenue -37.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $5.7M, and assets of $366K (revenue -65.4% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.4M, and assets of $4.3M (revenue +57.4% year-over-year).
- 2012: Revenue of $1.9M, expenses of $373K, and assets of $3.8M (revenue +83.6% year-over-year).
- 2011: Revenue of $1.0M, expenses of $402K, and assets of $2.0M (revenue -26.3% year-over-year).
- 2010: Revenue of $1.4M, expenses of $44, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Thomas Legacy Foundation:
Data Sources and Methodology
This transparency report for St Thomas Legacy Foundation 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.