Thomas S Elmore Foundation
Thomas S Elmore Foundation experiences highly volatile revenue, maintains low expenses, and reports no officer compensation.
EIN: 200278531 · Aberdeen, MS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $987 |
| Total Expenses | $59K |
| Program Spending | 90% |
| Net Assets | $192K |
| Transparency Score | 75/100 |
Is Thomas S Elmore Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas S Elmore Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas S Elmore Foundation
Thomas S Elmore Foundation (EIN: 200278531) is a nonprofit organization based in Aberdeen, MS, classified under NTEE code T20. The organization reported total revenue of $987 and total assets of $160K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas S Elmore Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas S Elmore Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 175.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $59K |
| Surplus / Deficit | +$132K |
| Total Assets | $192K |
| Total Liabilities | $1 |
| Net Assets | $192K |
| Operating Margin | 69.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 39.3 months |
Financial Health Grade: A
In 2023, Thomas S Elmore Foundation reported a surplus of $132K with revenue exceeding expenses, holds 39.3 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 S Elmore Foundation's revenue has grown at a compound annual growth rate (CAGR) of 175.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1795.3% | +109.1% | +219.3% |
| 2022 | +43504.3% | +10.3% | -23.0% |
| 2021 | -100.0% | +87.9% | -24.5% |
| 2020 | +67938.1% | -9.8% | +515.3% |
| 2019 | +880.0% | +47.8% | -95.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 S Elmore Foundation with a Mission Score of 75 out of 100 (Good). 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 S Elmore 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 surplus of $132K, 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 the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and financial activity.
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 S Elmore Foundation's IRS 990 filings:
- Highly inconsistent revenue stream, making financial planning unpredictable.
- Expenses frequently exceed revenue in many reporting periods, indicating reliance on asset drawdowns.
- Lack of detailed expense breakdown in provided data makes precise program efficiency assessment difficult.
Strengths
The following positive indicators were identified for Thomas S Elmore Foundation:
- Consistently reports 0% officer compensation, indicating volunteer leadership and high efficiency.
- Maintains very low operational expenses relative to its asset base.
- Healthy balance sheet with minimal liabilities ($1 in recent years).
- Significant asset growth in 2023 ($191,532) provides a stronger financial position.
Frequently Asked Questions about Thomas S Elmore Foundation
Is Thomas S Elmore Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas S Elmore Foundation (EIN: 200278531) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Thomas S Elmore Foundation spend its money?
Thomas S Elmore Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas S Elmore Foundation tax-deductible?
Thomas S Elmore Foundation is registered as a tax-exempt nonprofit (EIN: 200278531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Thomas S Elmore Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Thomas S Elmore 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 S Elmore Foundation located?
Thomas S Elmore Foundation is headquartered in Aberdeen, Mississippi and files with the IRS under EIN 200278531. It is classified under NTEE code T20.
How many years of IRS 990 filings does Thomas S Elmore Foundation have?
Thomas S Elmore 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 $987 in total revenue.
Is the Thomas S Elmore Foundation a good charity?
Based on the available data, the foundation demonstrates strong financial stewardship by maintaining zero officer compensation and generally low expenses. However, its highly inconsistent revenue stream and fluctuating asset base suggest potential challenges in long-term program planning and sustainability. The lack of detailed program spending data makes a definitive judgment on its direct impact difficult, but its operational efficiency is notable.
How does the foundation manage its finances given such volatile revenue?
The foundation appears to manage its finances by keeping expenses very low, often relying on accumulated assets during periods of minimal revenue. For example, in 2021, revenue was only $23, but expenses were $25,380, likely covered by its $77,940 in assets at the time. The significant revenue spike in 2023 ($190,078) allowed for a substantial increase in assets, providing a buffer for future lean years.
What is the primary reason for the large fluctuations in assets?
The large fluctuations in assets are primarily driven by the highly inconsistent revenue generation. Periods of high revenue, like $190,078 in 2023, lead to asset growth (from $59,979 to $191,532), while years with minimal revenue and expenses exceeding income, such as 2019 (revenue $147, expenses $14,969), result in asset depletion (from $103,297 to $16,789).
Filing History
IRS 990 filing history for Thomas S Elmore Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas S Elmore Foundation's revenue has grown by 19007700%, moving from $1 to $190K. Total assets decreased by 50.4% over the same period, from $386K to $192K. Total functional expenses rose by 182.1%, from $21K to $59K. In its most recent filing year (2023), Thomas S Elmore Foundation reported a surplus of $132K, with revenue exceeding expenses. The organization holds $1 in liabilities against $192K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $192K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $190K | $59K | $192K | $1 | — | View 990 |
| 2022 | $10K | $28K | $60K | $1 | — | View 990 |
| 2021 | $23 | $25K | $78K | $1 | — | — |
| 2020 | $100K | $14K | $103K | $1 | — | — |
| 2019 | $147 | $15K | $17K | $1 | — | View 990 |
| 2015 | $15 | $10K | $383K | $88K | — | View 990 |
| 2014 | $60 | $13K | $383K | $78K | — | View 990 |
| 2013 | $25K | $13K | $396K | $78K | — | View 990 |
| 2012 | $12K | $14K | $384K | $78K | — | View 990 |
| 2011 | $1 | $21K | $386K | $78K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $190K, expenses of $59K, and assets of $192K (revenue +1795.3% year-over-year).
- 2022: Revenue of $10K, expenses of $28K, and assets of $60K (revenue +43504.3% year-over-year).
- 2021: Revenue of $23, expenses of $25K, and assets of $78K (revenue -100.0% year-over-year).
- 2020: Revenue of $100K, expenses of $14K, and assets of $103K (revenue +67938.1% year-over-year).
- 2019: Revenue of $147, expenses of $15K, and assets of $17K (revenue +880.0% year-over-year).
- 2015: Revenue of $15, expenses of $10K, and assets of $383K (revenue -75.0% year-over-year).
- 2014: Revenue of $60, expenses of $13K, and assets of $383K (revenue -99.8% year-over-year).
- 2013: Revenue of $25K, expenses of $13K, and assets of $396K (revenue +108.2% year-over-year).
- 2012: Revenue of $12K, expenses of $14K, and assets of $384K (revenue +1201100.0% year-over-year).
- 2011: Revenue of $1, expenses of $21K, and assets of $386K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas S Elmore Foundation:
Data Sources and Methodology
This transparency report for Thomas S Elmore 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.