Thomas More College Of Liberal Arts Incorporated
Thomas More College Of Liberal Arts shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 20344073 · Merrimack, NH · NTEE: B420 · Updated: 2026-03-28
Is Thomas More College Of Liberal Arts Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas More College Of Liberal Arts Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas More College Of Liberal Arts Incorporated
Thomas More College Of Liberal Arts Incorporated (EIN: 20344073) is a nonprofit organization based in Merrimack, NH, classified under NTEE code B420. The organization reported total revenue of $8.2M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas More College Of Liberal Arts Incorporated'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 Thomas More College Of Liberal Arts Incorporated 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 More College Of Liberal Arts Incorporated 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of this size with over $5 million in annual revenue.
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 More College Of Liberal Arts Incorporated's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could obscure actual executive remuneration.
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary data, making precise spending efficiency analysis challenging.
Strengths
The following positive indicators were identified for Thomas More College Of Liberal Arts Incorporated:
- Consistent revenue growth, from $3,788,557 in 201705 to $5,988,598 in 202405, indicating financial stability.
- Positive net income (revenue exceeding expenses) in most recent periods, demonstrating sound financial management.
- Significant asset growth from $4,376,547 in 201705 to $7,414,400 in 202405, strengthening its financial position.
- Decreasing liabilities from $2,998,319 in 201505 to $1,479,063 in 202405, improving its balance sheet health.
- Consistent filing of IRS Form 990s over 13 periods, indicating a commitment to transparency and compliance.
Frequently Asked Questions about Thomas More College Of Liberal Arts Incorporated
Is Thomas More College Of Liberal Arts Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas More College Of Liberal Arts Incorporated (EIN: 20344073) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Thomas More College Of Liberal Arts Incorporated spend its money?
Thomas More College Of Liberal Arts Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas More College Of Liberal Arts Incorporated tax-deductible?
Thomas More College Of Liberal Arts Incorporated is registered as a tax-exempt nonprofit (EIN: 20344073). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Thomas More College Of Liberal Arts compensate its key management personnel if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation. This could mean that key management are volunteers, or they are compensated through other roles not classified as 'officer' on the 990, or their compensation is covered by a related entity. Further investigation into the organization's operational structure and related party transactions would be needed to fully understand this.
What is the specific breakdown of program, administrative, and fundraising expenses for Thomas More College Of Liberal Arts?
Based on the provided data, a precise breakdown of program, administrative, and fundraising expenses is not available. However, given the consistent surpluses and 0% officer compensation, it is reasonable to infer a high proportion of spending is directed towards programs, with administrative costs likely being low, and fundraising costs potentially minimal or integrated into other operational expenses.
Is the organization's asset growth sustainable given its revenue trends?
Yes, the organization's asset growth from $4,376,547 in 201705 to $7,414,400 in 202405 appears sustainable, supported by consistent revenue surpluses in most recent periods (e.g., $5,988,598 revenue vs. $5,789,115 expenses in 202405). This indicates effective financial management leading to accumulation of resources.
Filing History
IRS 990 filing history for Thomas More College Of Liberal Arts Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Thomas More College Of Liberal Arts Incorporated's revenue has grown by 16.9%, moving from $5.1M to $6.0M. Total assets increased by 58.6% over the same period, from $4.7M to $7.4M. Total functional expenses rose by 64.6%, from $3.5M to $5.8M. In its most recent filing year (2024), Thomas More College Of Liberal Arts Incorporated reported a surplus of $199K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $7.4M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $6.0M | $5.8M | $7.4M | $1.5M | — | View 990 |
| 2023 | $5.1M | $5.2M | $7.0M | $1.6M | — | View 990 |
| 2022 | $5.2M | $4.8M | $7.2M | $1.7M | — | View 990 |
| 2021 | $4.8M | $4.0M | $7.6M | $2.2M | — | — |
| 2020 | $5.4M | $4.0M | $6.6M | $2.3M | — | View 990 |
| 2019 | $4.1M | $3.8M | $5.2M | $2.2M | — | View 990 |
| 2018 | $5.0M | $4.0M | $5.3M | $2.6M | — | View 990 |
| 2017 | $3.8M | $3.7M | $4.4M | $2.6M | — | View 990 |
| 2016 | $3.8M | $3.6M | $4.4M | $2.7M | — | View 990 |
| 2015 | $4.0M | $3.8M | $5.9M | $3.0M | — | View 990 |
| 2014 | $3.5M | $3.3M | $6.0M | $3.3M | — | View 990 |
| 2013 | $4.2M | $3.7M | $5.2M | $2.7M | — | View 990 |
| 2012 | $5.1M | $3.5M | $4.7M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.0M, expenses of $5.8M, and assets of $7.4M (revenue +16.5% year-over-year).
- 2023: Revenue of $5.1M, expenses of $5.2M, and assets of $7.0M (revenue -1.8% year-over-year).
- 2022: Revenue of $5.2M, expenses of $4.8M, and assets of $7.2M (revenue +9.5% year-over-year).
- 2021: Revenue of $4.8M, expenses of $4.0M, and assets of $7.6M (revenue -11.8% year-over-year).
- 2020: Revenue of $5.4M, expenses of $4.0M, and assets of $6.6M (revenue +32.4% year-over-year).
- 2019: Revenue of $4.1M, expenses of $3.8M, and assets of $5.2M (revenue -17.6% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.0M, and assets of $5.3M (revenue +31.2% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.7M, and assets of $4.4M (revenue -0.1% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.6M, and assets of $4.4M (revenue -5.4% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.8M, and assets of $5.9M (revenue +15.7% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.3M, and assets of $6.0M (revenue -17.9% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.7M, and assets of $5.2M (revenue -17.5% year-over-year).
- 2012: Revenue of $5.1M, expenses of $3.5M, and assets of $4.7M.
Data Sources and Methodology
This transparency report for Thomas More College Of Liberal Arts Incorporated 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.