Thales Academy
Thales Academy shows consistent growth and zero reported officer compensation across all filings.
EIN: 208920342 · Raleigh, NC · NTEE: B24 · Updated: 2026-03-28
Is Thales Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thales Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thales Academy
Thales Academy (EIN: 208920342) is a nonprofit organization based in Raleigh, NC, classified under NTEE code B24. The organization reported total revenue of $141.3M and total assets of $184.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thales Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thales Academy is a major nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43.5M |
| Total Expenses | $41.6M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $158.1M |
| Total Liabilities | $37.8M |
| Net Assets | $120.3M |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 23.9% |
| Months of Reserves | 45.6 months |
Financial Health Grade: A
In 2023, Thales Academy reported a surplus of $1.9M with revenue exceeding expenses, holds 45.6 months of operating reserves (strong position), has a debt-to-asset ratio of 23.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thales Academy's revenue has grown at a compound annual growth rate (CAGR) of 22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | +27.5% | +1.0% |
| 2022 | -3.7% | +19.5% | +14.7% |
| 2021 | +198.4% | +17.3% | +34.8% |
| 2020 | -67.5% | +10.5% | +3.4% |
| 2019 | +57.6% | +15.2% | +43.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Thales Academy with a Mission Score of 95 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: 90%
- fundraising: 5%
According to IRS 990 filings, Thales Academy allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization with current revenue of over $141 million and assets of $184 million. This indicates that the organization's leadership is either entirely volunteer-based or compensated through a separate entity, which would require further investigation for full transparency.
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 Thales Academy's IRS 990 filings:
- The consistent 0% officer compensation across all filings, while positive, could warrant further inquiry to understand the full compensation structure if executives are compensated through a related entity not reflected in these specific lines.
Strengths
The following positive indicators were identified for Thales Academy:
- Consistent financial growth and increasing assets, from $26.35 million in 2014 to $184.18 million currently.
- Exceptional transparency regarding executive compensation with 0% reported officer compensation across all filings.
- Generally positive net income in most years, indicating sound financial management and sustainability.
- Strong asset base relative to liabilities, demonstrating financial stability and solvency.
Frequently Asked Questions about Thales Academy
Is Thales Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Thales Academy (EIN: 208920342) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Thales Academy spend its money?
Thales Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thales Academy tax-deductible?
Thales Academy is registered as a tax-exempt nonprofit (EIN: 208920342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Thales Academy a good charity?
Based on the available financial data, Thales Academy appears to be a very good charity. It demonstrates strong financial growth, consistent surpluses, and exceptionally low (0%) reported officer compensation, suggesting a high dedication to its mission and efficient use of funds.
How has Thales Academy's financial health changed over time?
Thales Academy has experienced significant financial growth, with assets increasing from $26.35 million in 2014 to $184.18 million currently. Revenue has also grown substantially, from $11.63 million in 2014 to $141.34 million (latest reported), indicating robust expansion and financial stability.
What is the trend in Thales Academy's liabilities?
Liabilities have generally increased in line with asset growth, from $19.72 million in 2014 to $37.77 million in 2023. However, the organization's assets consistently far outweigh its liabilities, indicating a healthy balance sheet and strong solvency.
Filing History
IRS 990 filing history for Thales Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thales Academy's revenue has grown by 997.7%, moving from $4.0M to $43.5M. Total assets increased by 861.8% over the same period, from $16.4M to $158.1M. Total functional expenses rose by 936.2%, from $4.0M to $41.6M. In its most recent filing year (2023), Thales Academy reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $37.8M in liabilities against $158.1M in assets (debt-to-asset ratio: 23.9%), resulting in net assets of $120.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43.5M | $41.6M | $158.1M | $37.8M | — | — |
| 2022 | $53.4M | $32.6M | $156.5M | $40.8M | — | View 990 |
| 2021 | $55.5M | $27.3M | $136.5M | $38.2M | — | — |
| 2020 | $18.6M | $23.3M | $101.2M | $37.2M | — | View 990 |
| 2019 | $57.2M | $21.1M | $97.9M | $26.8M | — | View 990 |
| 2018 | $36.3M | $18.3M | $68.4M | $33.9M | — | View 990 |
| 2017 | $18.5M | $15.3M | $44.3M | $28.6M | — | View 990 |
| 2016 | $14.5M | $12.7M | $41.6M | $29.2M | — | View 990 |
| 2015 | $13.7M | $9.8M | $35.3M | $24.7M | — | View 990 |
| 2014 | $11.6M | $7.2M | $26.4M | $19.7M | — | View 990 |
| 2013 | $5.8M | $6.1M | $19.6M | $17.4M | — | View 990 |
| 2012 | $6.6M | $5.1M | $17.9M | $15.4M | — | View 990 |
| 2011 | $4.0M | $4.0M | $16.4M | $15.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43.5M, expenses of $41.6M, and assets of $158.1M (revenue -18.6% year-over-year).
- 2022: Revenue of $53.4M, expenses of $32.6M, and assets of $156.5M (revenue -3.7% year-over-year).
- 2021: Revenue of $55.5M, expenses of $27.3M, and assets of $136.5M (revenue +198.4% year-over-year).
- 2020: Revenue of $18.6M, expenses of $23.3M, and assets of $101.2M (revenue -67.5% year-over-year).
- 2019: Revenue of $57.2M, expenses of $21.1M, and assets of $97.9M (revenue +57.6% year-over-year).
- 2018: Revenue of $36.3M, expenses of $18.3M, and assets of $68.4M (revenue +96.0% year-over-year).
- 2017: Revenue of $18.5M, expenses of $15.3M, and assets of $44.3M (revenue +27.5% year-over-year).
- 2016: Revenue of $14.5M, expenses of $12.7M, and assets of $41.6M (revenue +5.7% year-over-year).
- 2015: Revenue of $13.7M, expenses of $9.8M, and assets of $35.3M (revenue +18.1% year-over-year).
- 2014: Revenue of $11.6M, expenses of $7.2M, and assets of $26.4M (revenue +99.9% year-over-year).
- 2013: Revenue of $5.8M, expenses of $6.1M, and assets of $19.6M (revenue -11.9% year-over-year).
- 2012: Revenue of $6.6M, expenses of $5.1M, and assets of $17.9M (revenue +66.8% year-over-year).
- 2011: Revenue of $4.0M, expenses of $4.0M, and assets of $16.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thales Academy:
Data Sources and Methodology
This transparency report for Thales Academy 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.