Thornburgh Family Foundation
Thornburgh Family Foundation consistently operates at a deficit, drawing from substantial assets, with no reported officer compensation.
EIN: 203950886 · Palm Beach, FL · NTEE: T22 · Updated: 2026-03-28
Is Thornburgh Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thornburgh Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thornburgh Family Foundation
Thornburgh Family Foundation (EIN: 203950886) is a nonprofit organization based in Palm Beach, FL, classified under NTEE code T22. The organization reported total revenue of $2.1M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thornburgh Family Foundation'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 Thornburgh Family 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: 85%
- fundraising: 5%
According to IRS 990 filings, Thornburgh Family Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid or compensated through non-reportable means, which is a positive sign for resource allocation given the foundation's asset base of over $6.5 million.
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 Thornburgh Family Foundation's IRS 990 filings:
- Frequent deficit spending (expenses exceeding revenue) in multiple years (e.g., 2022, 2020, 2014, 2013, 2012, 2011) suggests reliance on asset drawdowns.
- Declining asset base over the long term, from $7,689,782 in 2011 to $6,580,331 currently, though still substantial.
Strengths
The following positive indicators were identified for Thornburgh Family Foundation:
- Substantial asset base ($6,580,331) provides long-term financial stability.
- Consistent reporting of 0% officer compensation indicates efficient use of funds at the leadership level.
- Excellent transparency with 9 IRS 990 filings available.
- Minimal liabilities in recent years (e.g., $1 in 2022) indicates a very strong balance sheet.
Frequently Asked Questions about Thornburgh Family Foundation
Is Thornburgh Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thornburgh Family Foundation (EIN: 203950886) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Thornburgh Family Foundation spend its money?
Thornburgh Family Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thornburgh Family Foundation tax-deductible?
Thornburgh Family Foundation is registered as a tax-exempt nonprofit (EIN: 203950886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Thornburgh Family Foundation a good charity?
The Thornburgh Family Foundation appears to be a financially stable grantmaking foundation with substantial assets ($6,580,331). Its consistent reporting of 0% officer compensation is a strong positive indicator of efficient use of funds at the leadership level. However, it frequently operates with expenses exceeding revenue, drawing from its endowment, which is typical for some foundations but warrants understanding of its long-term sustainability strategy.
How does the foundation sustain its operations given frequent deficit spending?
The foundation sustains its operations by drawing from its significant asset base, which currently stands at $6,580,331. For example, in 2022, expenses ($428,225) significantly outstripped revenue ($213,675), indicating a reliance on its endowment to cover operational costs.
What is the trend in the foundation's assets?
The foundation's assets have fluctuated but remained robust. They peaked at $7,689,782 in 2011 and are currently at $6,580,331, showing a slight decline over the long term but maintaining a strong financial position.
Does the foundation have any liabilities?
For most recent periods (2019-2022), the foundation reported liabilities of only $1, indicating a very strong balance sheet with minimal debt. Earlier periods (2011-2013) showed liabilities around $117,031, which have since been significantly reduced.
Filing History
IRS 990 filing history for Thornburgh Family Foundation showing financial trends over 9 years of public records:
Total assets decreased by 8.3% over the same period, from $7.7M to $7.1M. Total functional expenses fell by 14.2%, from $499K to $428K. In its most recent filing year (2022), Thornburgh Family Foundation reported a deficit of $215K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $214K | $428K | $7.1M | $1 | — | View 990 |
| 2021 | $932K | $553K | $7.3M | $1 | — | View 990 |
| 2020 | $234K | $333K | $6.9M | $1 | — | View 990 |
| 2019 | $685K | $461K | $7.0M | $1 | — | — |
| 2015 | $861K | $406K | $6.3M | $0 | — | View 990 |
| 2014 | $192K | $421K | $6.0M | $0 | — | View 990 |
| 2013 | $-56,582 | $370K | $6.7M | $117K | — | View 990 |
| 2012 | $1.8M | $1.9M | $7.1M | $117K | — | View 990 |
| 2011 | $-237,923 | $499K | $7.7M | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $214K, expenses of $428K, and assets of $7.1M (revenue -77.1% year-over-year).
- 2021: Revenue of $932K, expenses of $553K, and assets of $7.3M (revenue +299.1% year-over-year).
- 2020: Revenue of $234K, expenses of $333K, and assets of $6.9M (revenue -65.9% year-over-year).
- 2019: Revenue of $685K, expenses of $461K, and assets of $7.0M (revenue -20.5% year-over-year).
- 2015: Revenue of $861K, expenses of $406K, and assets of $6.3M (revenue +347.6% year-over-year).
- 2014: Revenue of $192K, expenses of $421K, and assets of $6.0M.
- 2013: Revenue of $-56,582, expenses of $370K, and assets of $6.7M (revenue -103.2% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.9M, and assets of $7.1M.
- 2011: Revenue of $-237,923, expenses of $499K, and assets of $7.7M.
Data Sources and Methodology
This transparency report for Thornburgh Family 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.