Thessalonica Agricultural & Industrial Institute
Thessalonica Agricultural & Industrial Institute maintains substantial assets despite fluctuating revenues and occasional expense overruns, reporting no officer compensation.
EIN: 131624206 · New York, NY · NTEE: Q310 · Updated: 2026-03-28
Is Thessalonica Agricultural & Industrial Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thessalonica Agricultural & Industrial Institute directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thessalonica Agricultural & Industrial Institute
Thessalonica Agricultural & Industrial Institute (EIN: 131624206) is a nonprofit organization based in New York, NY, classified under NTEE code Q310. The organization reported total revenue of $23.9M and total assets of $88.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thessalonica Agricultural & Industrial Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thessalonica Agricultural & Industrial Institute 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Thessalonica Agricultural & Industrial Institute allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers or that compensation is covered by other entities, which is a strong positive for resource allocation and transparency relative to its size and asset base.
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 Thessalonica Agricultural & Industrial Institute's IRS 990 filings:
- Recurring periods where expenses exceed revenue (e.g., 2023, 2021, 2019) could indicate potential long-term sustainability challenges if not managed by asset growth or other income sources.
Strengths
The following positive indicators were identified for Thessalonica Agricultural & Industrial Institute:
- Strong and growing asset base, reaching $88,265,315, providing financial stability.
- Consistent reporting of 0% officer compensation, indicating high transparency and potentially efficient use of funds for mission-related activities.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and operational longevity.
Frequently Asked Questions about Thessalonica Agricultural & Industrial Institute
Is Thessalonica Agricultural & Industrial Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Thessalonica Agricultural & Industrial Institute (EIN: 131624206) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Thessalonica Agricultural & Industrial Institute spend its money?
Thessalonica Agricultural & Industrial Institute directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thessalonica Agricultural & Industrial Institute tax-deductible?
Thessalonica Agricultural & Industrial Institute is registered as a tax-exempt nonprofit (EIN: 131624206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Thessalonica Agricultural & Industrial Institute cover its expenses when they exceed revenue, as seen in 2023 ($15.1M expenses vs. $11.6M revenue)?
The organization likely utilizes its substantial asset base, which stands at $88,265,315, or draws from accumulated surpluses from prior years where revenue exceeded expenses, such as in 2022 ($17.7M revenue vs. $14.6M expenses).
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of these categories. A full IRS Form 990 would be needed to determine the exact percentages for programs, administration, and fundraising.
Is the 0% officer compensation reported across all filings accurate, and how are key leadership roles compensated?
Based on the provided IRS 990 data, 0% officer compensation is consistently reported. This could mean leadership is volunteer-based, compensated through a related organization, or that compensation is classified differently on the 990. Further investigation into the full 990 forms would clarify this.
Filing History
IRS 990 filing history for Thessalonica Agricultural & Industrial Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thessalonica Agricultural & Industrial Institute's revenue has declined by 19.9%, moving from $14.5M to $11.6M. Total assets increased by 30.3% over the same period, from $63.4M to $82.5M. Total functional expenses rose by 5.9%, from $14.3M to $15.1M. In its most recent filing year (2023), Thessalonica Agricultural & Industrial Institute reported a deficit of $3.5M, with expenses exceeding revenue. The organization holds $21.0M in liabilities against $82.5M in assets (debt-to-asset ratio: 25.4%), resulting in net assets of $61.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $15.1M | $82.5M | $21.0M | — | — |
| 2022 | $17.7M | $14.7M | $79.8M | $20.2M | — | View 990 |
| 2021 | $11.6M | $14.3M | $90.6M | $21.0M | — | — |
| 2020 | $15.3M | $13.2M | $81.9M | $18.2M | — | View 990 |
| 2019 | $13.5M | $14.6M | $76.6M | $15.7M | — | View 990 |
| 2018 | $18.8M | $14.5M | $73.8M | $13.2M | — | View 990 |
| 2017 | $14.7M | $12.7M | $66.3M | $10.3M | — | View 990 |
| 2016 | $14.2M | $12.6M | $60.1M | $8.9M | — | View 990 |
| 2015 | $13.7M | $13.2M | $60.2M | $9.1M | — | View 990 |
| 2014 | $12.8M | $12.6M | $68.3M | $10.3M | — | View 990 |
| 2013 | $12.4M | $13.9M | $62.9M | $9.7M | — | View 990 |
| 2012 | $12.1M | $13.8M | $58.0M | $6.7M | — | View 990 |
| 2011 | $14.5M | $14.3M | $63.4M | $6.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $15.1M, and assets of $82.5M (revenue -34.3% year-over-year).
- 2022: Revenue of $17.7M, expenses of $14.7M, and assets of $79.8M (revenue +52.5% year-over-year).
- 2021: Revenue of $11.6M, expenses of $14.3M, and assets of $90.6M (revenue -24.1% year-over-year).
- 2020: Revenue of $15.3M, expenses of $13.2M, and assets of $81.9M (revenue +13.1% year-over-year).
- 2019: Revenue of $13.5M, expenses of $14.6M, and assets of $76.6M (revenue -28.1% year-over-year).
- 2018: Revenue of $18.8M, expenses of $14.5M, and assets of $73.8M (revenue +27.8% year-over-year).
- 2017: Revenue of $14.7M, expenses of $12.7M, and assets of $66.3M (revenue +3.7% year-over-year).
- 2016: Revenue of $14.2M, expenses of $12.6M, and assets of $60.1M (revenue +3.4% year-over-year).
- 2015: Revenue of $13.7M, expenses of $13.2M, and assets of $60.2M (revenue +7.2% year-over-year).
- 2014: Revenue of $12.8M, expenses of $12.6M, and assets of $68.3M (revenue +3.4% year-over-year).
- 2013: Revenue of $12.4M, expenses of $13.9M, and assets of $62.9M (revenue +1.9% year-over-year).
- 2012: Revenue of $12.1M, expenses of $13.8M, and assets of $58.0M (revenue -16.4% year-over-year).
- 2011: Revenue of $14.5M, expenses of $14.3M, and assets of $63.4M.
Data Sources and Methodology
This transparency report for Thessalonica Agricultural & Industrial Institute 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.