Thomas Heritage Foundation
Thomas Heritage Foundation consistently grows assets with minimal liabilities and no reported officer compensation.
EIN: 203810732 · Dallas, TX · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $524K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $10.0M |
| Transparency Score | 85/100 |
Is Thomas Heritage Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas Heritage Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Thomas Heritage Foundation
Thomas Heritage Foundation (EIN: 203810732) is a nonprofit organization based in Dallas, TX, classified under NTEE code T22. The organization reported total revenue of $1.1M and total assets of $11.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas Heritage Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas Heritage Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $985K |
| Total Expenses | $524K |
| Surplus / Deficit | +$460K |
| Total Assets | $10.0M |
| Total Liabilities | $1 |
| Net Assets | $10.0M |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 229.9 months |
Financial Health Grade: A
In 2023, Thomas Heritage Foundation reported a surplus of $460K with revenue exceeding expenses, holds 229.9 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), Thomas Heritage Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.3% | -0.5% | +16.0% |
| 2022 | -33.4% | +21.9% | -13.1% |
| 2021 | +28.2% | +11.0% | +13.7% |
| 2020 | -14.5% | +8.3% | +19.4% |
| 2019 | +63.5% | +92.8% | +76.6% |
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 Heritage 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Thomas Heritage Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $460K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Thomas Heritage Foundation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $10 million in assets and nearly $1 million in annual revenue. This suggests either a fully volunteer executive team or that compensation is handled through an undisclosed mechanism, 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 Thomas Heritage Foundation's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and asset base, potentially indicating a lack of full transparency regarding executive remuneration.
- Lack of detailed breakdown of program, administrative, and fundraising expenses in the provided data makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Thomas Heritage Foundation:
- Strong financial health with consistent revenue generation and significant asset growth, increasing from $2.2 million in 2011 to over $10 million in 2023.
- Extremely low liabilities, often reported as $1, indicating excellent financial management and minimal debt.
- Consistent surplus of revenue over expenses, allowing for robust asset accumulation and long-term sustainability.
- Regular and consistent filing of IRS Form 990s, demonstrating a commitment to regulatory compliance.
Frequently Asked Questions about Thomas Heritage Foundation
Is Thomas Heritage Foundation a legitimate charity?
Thomas Heritage Foundation (EIN: 203810732) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Thomas Heritage Foundation spend its money?
Thomas Heritage Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Thomas Heritage Foundation tax-deductible?
Thomas Heritage Foundation is registered as a tax-exempt nonprofit (EIN: 203810732). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thomas Heritage Foundation CEO make?
Thomas Heritage Foundation's highest-compensated officer earns $10 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thomas Heritage Foundation's spending goes to programs?
Thomas Heritage Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Thomas Heritage Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Thomas Heritage Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thomas Heritage Foundation located?
Thomas Heritage Foundation is headquartered in Dallas, Texas and files with the IRS under EIN 203810732. It is classified under NTEE code T22.
How many years of IRS 990 filings does Thomas Heritage Foundation have?
Thomas Heritage Foundation has 10 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 $1.1M in total revenue.
How does the Thomas Heritage Foundation achieve 0% officer compensation?
The filings consistently show 0% officer compensation. This could indicate a volunteer-led executive team, or that compensation is paid by a related entity, which would require further disclosure to fully understand.
What are the specific program activities funded by the foundation?
The NTEE code T22 indicates 'Philanthropy, Voluntarism & Grantmaking Foundations'. While the filings show overall expenses, a detailed breakdown of specific program activities is not provided in the summary data.
What is the organization's strategy for asset growth versus immediate program spending?
The foundation has shown consistent asset growth from $2.2 million in 2011 to over $10 million in 2023, while expenses are significantly lower than revenue. This suggests a strategy focused on building an endowment or long-term financial stability, rather than maximizing immediate program spending.
Filing History
IRS 990 filing history for Thomas Heritage Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas Heritage Foundation's revenue has grown by 51.3%, moving from $651K to $985K. Total assets increased by 355.7% over the same period, from $2.2M to $10.0M. Total functional expenses rose by 974.6%, from $49K to $524K. In its most recent filing year (2023), Thomas Heritage Foundation reported a surplus of $460K, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $985K | $524K | $10.0M | $1 | — | — |
| 2022 | $762K | $527K | $8.7M | $1 | — | View 990 |
| 2021 | $1.1M | $432K | $10.0M | $1 | — | View 990 |
| 2020 | $892K | $389K | $8.8M | $1 | — | View 990 |
| 2019 | $1.0M | $359K | $7.3M | $1 | — | View 990 |
| 2015 | $638K | $186K | $4.2M | $25K | — | View 990 |
| 2014 | $676K | $135K | $3.8M | $32K | — | View 990 |
| 2013 | $649K | $111K | $3.3M | $5K | — | View 990 |
| 2012 | $650K | $77K | $2.8M | $15K | — | View 990 |
| 2011 | $651K | $49K | $2.2M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $985K, expenses of $524K, and assets of $10.0M (revenue +29.3% year-over-year).
- 2022: Revenue of $762K, expenses of $527K, and assets of $8.7M (revenue -33.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $432K, and assets of $10.0M (revenue +28.2% year-over-year).
- 2020: Revenue of $892K, expenses of $389K, and assets of $8.8M (revenue -14.5% year-over-year).
- 2019: Revenue of $1.0M, expenses of $359K, and assets of $7.3M (revenue +63.5% year-over-year).
- 2015: Revenue of $638K, expenses of $186K, and assets of $4.2M (revenue -5.7% year-over-year).
- 2014: Revenue of $676K, expenses of $135K, and assets of $3.8M (revenue +4.1% year-over-year).
- 2013: Revenue of $649K, expenses of $111K, and assets of $3.3M (revenue -0.1% year-over-year).
- 2012: Revenue of $650K, expenses of $77K, and assets of $2.8M (revenue -0.1% year-over-year).
- 2011: Revenue of $651K, expenses of $49K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas Heritage Foundation:
Data Sources and Methodology
This transparency report for Thomas Heritage 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.