Thompson Hartford Foundation Inc
Thompson Hartford Foundation consistently spends more than it earns, drawing down its $6.6M asset base.
EIN: 204662640 · Tampa, FL · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $378K |
| Program Spending | 85% |
| Net Assets | $6.6M |
| Transparency Score | 75/100 |
Is Thompson Hartford Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thompson Hartford Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thompson Hartford Foundation Inc
Thompson Hartford Foundation Inc (EIN: 204662640) is a nonprofit organization based in Tampa, FL, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thompson Hartford Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thompson Hartford Foundation Inc is a mid-size nonprofit that has been operating for 18 years, with 7 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $378K |
| Surplus / Deficit | $-104,900 |
| Total Assets | $6.6M |
| Total Liabilities | $1 |
| Net Assets | $6.6M |
| Operating Margin | -38.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 209.7 months |
Financial Health Grade: B
In 2020, Thompson Hartford Foundation Inc reported a deficit of $105K with expenses exceeding revenue, holds 209.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2020), Thompson Hartford Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -3.3% | -11.2% | -1.7% |
| 2019 | +76.6% | -25.0% | -8.9% |
| 2015 | -54.8% | -8.3% | -5.3% |
| 2014 | +4.4% | +22.8% | -3.4% |
| 2013 | -47.6% | +27.2% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Thompson Hartford Foundation Inc 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Thompson Hartford Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for minimizing administrative overhead.
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 Thompson Hartford Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) across multiple periods, e.g., $377,992 expenses vs. $273,092 revenue in 202012.
- Declining asset base from $8,233,033 in 201212 to $6,606,020 in 202012, indicating a draw-down of principal.
Strengths
The following positive indicators were identified for Thompson Hartford Foundation Inc:
- Zero reported officer compensation across all filings, indicating low executive overhead.
- Maintains a substantial asset base of $6,606,020, providing a buffer for operations and grants.
- Consistent IRS 990 filing history, demonstrating good compliance and transparency.
Frequently Asked Questions about Thompson Hartford Foundation Inc
Is Thompson Hartford Foundation Inc a legitimate charity?
Thompson Hartford Foundation Inc (EIN: 204662640) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Thompson Hartford Foundation Inc spend its money?
Thompson Hartford Foundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Thompson Hartford Foundation Inc tax-deductible?
Thompson Hartford Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204662640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Thompson Hartford Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Thompson Hartford Foundation Inc 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 Thompson Hartford Foundation Inc located?
Thompson Hartford Foundation Inc is headquartered in Tampa, Florida and files with the IRS under EIN 204662640. It is classified under NTEE code T22.
How many years of IRS 990 filings does Thompson Hartford Foundation Inc have?
Thompson Hartford Foundation Inc has 7 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 $1.6M in total revenue.
Is Thompson Hartford Foundation Inc financially sustainable given its consistent deficit spending?
The foundation has consistently spent more than its revenue in most reported periods (e.g., $377,992 expenses vs. $273,092 revenue in 202012), leading to a decline in assets from $8,233,033 in 201212 to $6,606,020 in 202012. While it has a substantial asset base, this trend is not sustainable long-term without increased revenue or reduced expenses.
What is the primary use of the foundation's expenses?
As a grant-making foundation (NTEE T22), it is highly probable that a significant portion of its expenses are directed towards grants and program-related investments, though specific program spending data is not provided in the summary.
How does the lack of officer compensation impact the organization?
The 0% officer compensation across all filings suggests a volunteer-driven executive leadership or very low overhead in this area, which can be a strong positive for donor confidence and indicates a focus on directing funds towards the mission rather than executive salaries.
Has the foundation's asset base been stable?
No, the foundation's assets have declined from $8,233,033 in 201212 to $6,606,020 in 202012, indicating a draw-down of its principal over time, likely due to expenses exceeding revenues.
Filing History
IRS 990 filing history for Thompson Hartford Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2020), Thompson Hartford Foundation Inc's revenue has declined by 54.5%, moving from $601K to $273K. Total assets decreased by 17.3% over the same period, from $8.0M to $6.6M. Total functional expenses fell by 31%, from $548K to $378K. In its most recent filing year (2020), Thompson Hartford Foundation Inc reported a deficit of $105K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $273K | $378K | $6.6M | $1 | — | View 990 |
| 2019 | $282K | $426K | $6.7M | $3K | — | — |
| 2015 | $160K | $567K | $7.4M | $1 | — | View 990 |
| 2014 | $354K | $619K | $7.8M | $1 | — | View 990 |
| 2013 | $339K | $504K | $8.1M | $1 | — | View 990 |
| 2012 | $647K | $396K | $8.2M | $7K | — | View 990 |
| 2011 | $601K | $548K | $8.0M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $273K, expenses of $378K, and assets of $6.6M (revenue -3.3% year-over-year).
- 2019: Revenue of $282K, expenses of $426K, and assets of $6.7M (revenue +76.6% year-over-year).
- 2015: Revenue of $160K, expenses of $567K, and assets of $7.4M (revenue -54.8% year-over-year).
- 2014: Revenue of $354K, expenses of $619K, and assets of $7.8M (revenue +4.4% year-over-year).
- 2013: Revenue of $339K, expenses of $504K, and assets of $8.1M (revenue -47.6% year-over-year).
- 2012: Revenue of $647K, expenses of $396K, and assets of $8.2M (revenue +7.7% year-over-year).
- 2011: Revenue of $601K, expenses of $548K, and assets of $8.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thompson Hartford Foundation Inc:
Data Sources and Methodology
This transparency report for Thompson Hartford 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.