Thistle Waithe Learning Center Inc

Search Intent Cockpit

Thistle Waithe Learning Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Thistle Waithe Learning Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Thistle Waithe Learning Center Inc in one place.

Is Thistle Waithe Learning Center Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Thistle Waithe Learning Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Browse the full Education peer market in New York →

Next Best Actions

Keep the Investigation Moving

Thistle Waithe Learning Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Thistle Waithe Learning Center Inc

Thistle Waithe Learning Center Inc (EIN: 134140165) is a nonprofit organization based in Katonah, NY, classified under NTEE code B99. The organization reported total revenue of $2.1M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thistle Waithe Learning Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Thistle Waithe Learning Center Inc is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Thistle Waithe Learning Center Inc reported a surplus of $91K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Thistle Waithe Learning Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.

IRS Tax-Exempt Classification

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 Thistle Waithe Learning Center Inc 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Thistle Waithe Learning Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $91K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.3%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $2 million in annual revenue and $2.6 million in assets. This suggests either a fully volunteer-led executive team or that compensation is reported under different categories, warranting further investigation for complete 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 Thistle Waithe Learning Center Inc's IRS 990 filings:

• Unusually low liabilities relative to assets, potentially indicating conservative accounting or minimal operational debt.
• Consistent 0% officer compensation, which is atypical for an organization of this scale and warrants deeper inquiry into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Thistle Waithe Learning Center Inc:

• Consistent positive net income, with 2023 revenue ($2,095,760) exceeding expenses ($2,004,771).
• Strong financial stability with low liabilities ($8,763 in 2023) compared to assets ($2,618,483).
• Healthy growth in revenue over the past decade, from $1,446,783 in 2014 to $2,095,760 in 2023.
• No reported officer compensation, suggesting a high dedication of funds to programmatic activities or a volunteer-led executive structure.

Frequently Asked Questions about Thistle Waithe Learning Center Inc

Filing History

IRS 990 filing history for Thistle Waithe Learning Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Thistle Waithe Learning Center Inc's revenue has grown by 89.2%, moving from $1.1M to $2.1M. Total assets increased by 71.5% over the same period, from $1.5M to $2.6M. Total functional expenses rose by 136.8%, from $847K to $2.0M. In its most recent filing year (2023), Thistle Waithe Learning Center Inc reported a surplus of $91K, with revenue exceeding expenses. The organization holds $9K in liabilities against $2.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $2.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $2.6M (revenue +13.8% year-over-year).
• 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $2.5M (revenue +1.1% year-over-year).
• 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $3.3M (revenue +71.8% year-over-year).
• 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $3.0M (revenue -31.2% year-over-year).
• 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $3.1M (revenue -4.0% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $3.1M (revenue -0.1% year-over-year).
• 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $2.9M (revenue +6.9% year-over-year).
• 2016: Revenue of $1.5M, expenses of $1.2M, and assets of $2.7M (revenue -2.8% year-over-year).
• 2015: Revenue of $1.5M, expenses of $1.2M, and assets of $2.5M (revenue +6.8% year-over-year).
• 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $2.2M (revenue +25.7% year-over-year).
• 2013: Revenue of $1.2M, expenses of $1.0M, and assets of $1.9M (revenue +5.5% year-over-year).
• 2012: Revenue of $1.1M, expenses of $848K, and assets of $1.8M (revenue -1.5% year-over-year).
• 2011: Revenue of $1.1M, expenses of $847K, and assets of $1.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Thistle Waithe Learning Center Inc:

Data Sources and Methodology

This transparency report for Thistle Waithe Learning Center Inc 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.