Thomas Family Foundation
Thomas Family Foundation consistently spends more than it earns, drawing down assets while maintaining zero officer compensation.
EIN: 204863671 · Monroe, LA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19K |
| Total Expenses | $10K |
| Program Spending | 90% |
| Net Assets | $100K |
| Transparency Score | 85/100 |
Is Thomas Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas Family Foundation
Thomas Family Foundation (EIN: 204863671) is a nonprofit organization based in Monroe, LA, classified under NTEE code T20. The organization reported total revenue of $19K and total assets of $90K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas Family Foundation is a micro nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $10K |
| Surplus / Deficit | $-5,716 |
| Total Assets | $100K |
| Total Liabilities | $1 |
| Net Assets | $100K |
| Operating Margin | -130.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 119.4 months |
Financial Health Grade: B
In 2023, Thomas Family Foundation reported a deficit of $6K with expenses exceeding revenue, holds 119.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Thomas Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.6% | +7.5% | -5.4% |
| 2022 | +91.7% | +52.4% | +2.2% |
| 2021 | -27.7% | -20.5% | -3.0% |
| 2020 | +47.5% | +115.3% | +20.9% |
| 2015 | -28.8% | -28.4% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Thomas Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Thomas Family 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 deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Thomas Family Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a small foundation.
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 Thomas Family Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $10,084 expenses vs. $4,368 revenue in 2023.
- Gradual decline in assets from $106,869 in 2020 to $89,856 currently, indicating reliance on principal.
Strengths
The following positive indicators were identified for Thomas Family Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Consistent filing of IRS Form 990s (9 filings), demonstrating strong transparency.
- Minimal liabilities ($1 in recent years), indicating sound financial management and low debt.
- Stable asset base around $90,000-$100,000, providing a foundation for grantmaking.
Frequently Asked Questions about Thomas Family Foundation
Is Thomas Family Foundation a legitimate charity?
Thomas Family Foundation (EIN: 204863671) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $19K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Thomas Family Foundation spend its money?
Thomas Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Thomas Family Foundation tax-deductible?
Thomas Family Foundation is registered as a tax-exempt nonprofit (EIN: 204863671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Thomas Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Thomas Family Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thomas Family Foundation located?
Thomas Family Foundation is headquartered in Monroe, Louisiana and files with the IRS under EIN 204863671. It is classified under NTEE code T20.
How many years of IRS 990 filings does Thomas Family Foundation have?
Thomas Family Foundation has 9 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 $19K in total revenue.
What specific programs or grants does the Thomas Family Foundation support?
The provided IRS 990 data does not detail specific programs or grant recipients, only financial aggregates. Further investigation into their public disclosures or website would be needed.
Is the consistent deficit spending sustainable for the Thomas Family Foundation?
While the foundation has consistently spent more than its revenue, drawing down assets from $106,869 in 2020 to $89,856 currently, its asset base remains substantial relative to its annual expenses. The sustainability depends on its long-term investment strategy and future revenue generation.
How does the Thomas Family Foundation generate its revenue?
The IRS 990 data indicates revenue, but does not specify the sources (e.g., investment income, contributions). As a private foundation, it likely relies on investment returns from its endowment and potentially contributions from the founding family.
Filing History
IRS 990 filing history for Thomas Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Thomas Family Foundation's revenue has grown by 42.8%, moving from $3K to $4K. Total assets increased by 6.5% over the same period, from $94K to $100K. Total functional expenses rose by 203.2%, from $3K to $10K. In its most recent filing year (2023), Thomas Family Foundation reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $100K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $10K | $100K | $1 | — | View 990 |
| 2022 | $6K | $9K | $106K | $1 | — | View 990 |
| 2021 | $3K | $6K | $104K | $1 | — | — |
| 2020 | $4K | $8K | $107K | $1 | — | View 990 |
| 2015 | $3K | $4K | $88K | $0 | — | View 990 |
| 2014 | $4K | $5K | $89K | $0 | — | View 990 |
| 2013 | $2K | $5K | $90K | $0 | — | View 990 |
| 2012 | $2K | $4K | $93K | $0 | — | View 990 |
| 2011 | $3K | $3K | $94K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $10K, and assets of $100K (revenue -23.6% year-over-year).
- 2022: Revenue of $6K, expenses of $9K, and assets of $106K (revenue +91.7% year-over-year).
- 2021: Revenue of $3K, expenses of $6K, and assets of $104K (revenue -27.7% year-over-year).
- 2020: Revenue of $4K, expenses of $8K, and assets of $107K (revenue +47.5% year-over-year).
- 2015: Revenue of $3K, expenses of $4K, and assets of $88K (revenue -28.8% year-over-year).
- 2014: Revenue of $4K, expenses of $5K, and assets of $89K (revenue +66.0% year-over-year).
- 2013: Revenue of $2K, expenses of $5K, and assets of $90K (revenue -2.3% year-over-year).
- 2012: Revenue of $2K, expenses of $4K, and assets of $93K (revenue -20.8% year-over-year).
- 2011: Revenue of $3K, expenses of $3K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas Family Foundation:
Data Sources and Methodology
This transparency report for Thomas Family 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.