Thom Family Foundation Inc
Thom Family Foundation consistently grows assets with zero reported officer compensation.
EIN: 200374684 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Thom Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thom Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thom Family Foundation Inc
Thom Family Foundation Inc (EIN: 200374684) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $4.2M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thom Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thom Family Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $649K |
| Surplus / Deficit | +$391K |
| Total Assets | $10.9M |
| Total Liabilities | $1 |
| Net Assets | $10.9M |
| Operating Margin | 37.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.8 months |
Financial Health Grade: A
In 2023, Thom Family Foundation Inc reported a surplus of $391K with revenue exceeding expenses, holds 201.8 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), Thom Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.8% | -1.0% | +3.7% |
| 2022 | -22.1% | +26.2% | +6.9% |
| 2021 | +26.6% | +15.5% | +13.7% |
| 2020 | +18.0% | +14.4% | +11.6% |
| 2019 | +24.8% | +87.6% | +64.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Thom Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Thom Family Foundation Inc 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 $391K, 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 officers are either unpaid volunteers or compensated through an unstated mechanism, which is highly favorable for a foundation of its size with assets exceeding $10 million.
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.
Strengths
The following positive indicators were identified for Thom Family Foundation Inc:
- Consistent asset growth, from $2.6M in 2011 to $10.9M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Very low liabilities, consistently reported as $1, reflecting strong financial health.
- Expenses consistently well below revenue, allowing for significant asset accumulation and endowment growth.
- Strong financial transparency through consistent 990 filings.
Frequently Asked Questions about Thom Family Foundation Inc
Is Thom Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thom Family Foundation Inc (EIN: 200374684) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Thom Family Foundation Inc spend its money?
Thom Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thom Family Foundation Inc tax-deductible?
Thom Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200374684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Thom Family Foundation Inc. a good charity?
Based on the available IRS 990 data, the Thom Family Foundation Inc. appears to be a well-managed and financially sound private foundation. It consistently grows its assets, maintains very low liabilities, and reports 0% officer compensation, all of which are positive indicators.
How does the foundation manage to have 0% officer compensation?
The filings consistently report 0% officer compensation. This suggests that the foundation's leadership may be entirely volunteer-based, or that any compensation is covered by an external entity or not categorized as officer compensation on the 990 form. This practice significantly reduces administrative overhead.
What is the trend in the foundation's assets?
The foundation has shown consistent and significant asset growth, increasing from $2,653,469 in 2011 to $10,905,630 in 2023, demonstrating strong financial stewardship and investment performance.
Filing History
IRS 990 filing history for Thom Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thom Family Foundation Inc's revenue has grown by 214.3%, moving from $331K to $1.0M. Total assets increased by 311% over the same period, from $2.7M to $10.9M. Total functional expenses rose by 334.1%, from $149K to $649K. In its most recent filing year (2023), Thom Family Foundation Inc reported a surplus of $391K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $649K | $10.9M | $1 | — | View 990 |
| 2022 | $1.3M | $655K | $10.5M | $1 | — | View 990 |
| 2021 | $1.7M | $519K | $9.8M | $1 | — | View 990 |
| 2020 | $1.3M | $449K | $8.7M | $1 | — | View 990 |
| 2019 | $1.1M | $393K | $7.8M | $1 | — | View 990 |
| 2015 | $915K | $209K | $4.7M | $1 | — | View 990 |
| 2014 | $697K | $218K | $4.0M | $0 | — | View 990 |
| 2013 | $702K | $192K | $3.5M | $1 | — | View 990 |
| 2012 | $562K | $184K | $3.0M | $1 | — | View 990 |
| 2011 | $331K | $149K | $2.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $649K, and assets of $10.9M (revenue -21.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $655K, and assets of $10.5M (revenue -22.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $519K, and assets of $9.8M (revenue +26.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $449K, and assets of $8.7M (revenue +18.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $393K, and assets of $7.8M (revenue +24.8% year-over-year).
- 2015: Revenue of $915K, expenses of $209K, and assets of $4.7M (revenue +31.4% year-over-year).
- 2014: Revenue of $697K, expenses of $218K, and assets of $4.0M (revenue -0.8% year-over-year).
- 2013: Revenue of $702K, expenses of $192K, and assets of $3.5M (revenue +24.9% year-over-year).
- 2012: Revenue of $562K, expenses of $184K, and assets of $3.0M (revenue +69.8% year-over-year).
- 2011: Revenue of $331K, expenses of $149K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thom Family Foundation Inc:
Data Sources and Methodology
This transparency report for Thom Family Foundation 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.