Thorn Hill Education Center Foundation Inc
EIN: 611599003 · Frankfort, KY · NTEE: B122
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $690K |
| Net Assets | $456K |
Is Thorn Hill Education Center Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thorn Hill Education Center Foundation Inc
Thorn Hill Education Center Foundation Inc (EIN: 611599003) is a nonprofit organization based in Frankfort, KY, classified under NTEE code B122. The organization reported total revenue of $778K and total assets of $521K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thorn Hill Education Center Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thorn Hill Education Center Foundation Inc is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $847K |
| Total Expenses | $690K |
| Surplus / Deficit | +$157K |
| Total Assets | $519K |
| Total Liabilities | $63K |
| Net Assets | $456K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2024, Thorn Hill Education Center Foundation Inc reported a surplus of $157K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Thorn Hill Education Center Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +42.7% | +9.7% | +24.9% |
| 2023 | -29.9% | -23.9% | +3.2% |
| 2022 | +2.2% | +4.1% | -4.5% |
| 2021 | +3.5% | +0.6% | +33.5% |
| 2020 | -0.4% | -3.6% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thorn Hill Education Center Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thorn Hill Education Center Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $157K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.2%.
Frequently Asked Questions about Thorn Hill Education Center Foundation Inc
Is Thorn Hill Education Center Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thorn Hill Education Center Foundation Inc (EIN: 611599003) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thorn Hill Education Center Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Thorn Hill Education Center Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Thorn Hill Education Center Foundation Inc tax-deductible?
Thorn Hill Education Center Foundation Inc is registered as a tax-exempt nonprofit (EIN: 611599003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thorn Hill Education Center Foundation Inc located?
Thorn Hill Education Center Foundation Inc is headquartered in Frankfort, Kentucky and files with the IRS under EIN 611599003. It is classified under NTEE code B122.
How many years of IRS 990 filings does Thorn Hill Education Center Foundation Inc have?
Thorn Hill Education Center Foundation Inc has 14 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 $778K in total revenue.
Filing History
IRS 990 filing history for Thorn Hill Education Center Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Thorn Hill Education Center Foundation Inc's revenue has grown by 39%, moving from $609K to $847K. Total assets increased by 385.4% over the same period, from $107K to $519K. Total functional expenses rose by 21.2%, from $569K to $690K. In its most recent filing year (2024), Thorn Hill Education Center Foundation Inc reported a surplus of $157K, with revenue exceeding expenses. The organization holds $63K in liabilities against $519K in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $456K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $847K | $690K | $519K | $63K | — | — |
| 2023 | $593K | $629K | $415K | $117K | — | View 990 |
| 2022 | $847K | $826K | $402K | $68K | — | View 990 |
| 2021 | $829K | $794K | $421K | $108K | — | — |
| 2020 | $800K | $789K | $315K | $38K | — | View 990 |
| 2019 | $803K | $819K | $324K | $58K | — | View 990 |
| 2018 | $440K | $477K | $269K | $0 | — | View 990 |
| 2017 | $511K | $575K | $274K | $0 | — | View 990 |
| 2016 | $599K | $579K | $265K | $0 | — | View 990 |
| 2015 | $781K | $572K | $238K | $0 | — | View 990 |
| 2014 | $576K | $537K | $154K | $5K | — | View 990 |
| 2013 | $566K | $544K | $124K | $15K | — | View 990 |
| 2012 | $569K | $538K | $137K | $50K | — | View 990 |
| 2011 | $609K | $569K | $107K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $847K, expenses of $690K, and assets of $519K (revenue +42.7% year-over-year).
- 2023: Revenue of $593K, expenses of $629K, and assets of $415K (revenue -29.9% year-over-year).
- 2022: Revenue of $847K, expenses of $826K, and assets of $402K (revenue +2.2% year-over-year).
- 2021: Revenue of $829K, expenses of $794K, and assets of $421K (revenue +3.5% year-over-year).
- 2020: Revenue of $800K, expenses of $789K, and assets of $315K (revenue -0.4% year-over-year).
- 2019: Revenue of $803K, expenses of $819K, and assets of $324K (revenue +82.7% year-over-year).
- 2018: Revenue of $440K, expenses of $477K, and assets of $269K (revenue -13.9% year-over-year).
- 2017: Revenue of $511K, expenses of $575K, and assets of $274K (revenue -14.7% year-over-year).
- 2016: Revenue of $599K, expenses of $579K, and assets of $265K (revenue -23.3% year-over-year).
- 2015: Revenue of $781K, expenses of $572K, and assets of $238K (revenue +35.5% year-over-year).
- 2014: Revenue of $576K, expenses of $537K, and assets of $154K (revenue +1.8% year-over-year).
- 2013: Revenue of $566K, expenses of $544K, and assets of $124K (revenue -0.5% year-over-year).
- 2012: Revenue of $569K, expenses of $538K, and assets of $137K (revenue -6.7% year-over-year).
- 2011: Revenue of $609K, expenses of $569K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thorn Hill Education Center Foundation Inc:
Data Sources and Methodology
This transparency report for Thorn Hill Education Center 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.