William S And Nancy E Thompson Foundation
William S And Nancy E Thompson Foundation consistently reports zero officer compensation while distributing significant funds from a growing asset base.
EIN: 206371108 · Irvine, CA · NTEE: T22 · Updated: 2026-03-28
Is William S And Nancy E Thompson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
William S And Nancy E Thompson Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About William S And Nancy E Thompson Foundation
William S And Nancy E Thompson Foundation (EIN: 206371108) is a nonprofit organization based in Irvine, CA, classified under NTEE code T22. The organization reported total revenue of $26.6M and total assets of $79.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of William S And Nancy E Thompson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
William S And Nancy E Thompson Foundation is a large nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $20.9M |
| Surplus / Deficit | $-15,889,526 |
| Total Assets | $74.2M |
| Total Liabilities | $18.8M |
| Net Assets | $55.4M |
| Operating Margin | -317.7% |
| Debt-to-Asset Ratio | 25.3% |
| Months of Reserves | 42.6 months |
Financial Health Grade: B
In 2023, William S And Nancy E Thompson Foundation reported a deficit of $15.9M with expenses exceeding revenue, holds 42.6 months of operating reserves (strong position), has a debt-to-asset ratio of 25.3% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2023), William S And Nancy E Thompson Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.8% | +1371.7% | +6.7% |
| 2022 | -62.5% | -82.3% | -17.5% |
| 2021 | +107.2% | — | +12.7% |
| 2020 | -5.7% | — | +15.0% |
| 2019 | -22.2% | -102.1% | +18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 William S And Nancy E Thompson Foundation with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, William S And Nancy E Thompson Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $15.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.3%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This is highly favorable, suggesting that all operational costs are minimal and funds are directly channeled to charitable activities or grantmaking.
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 William S And Nancy E Thompson Foundation's IRS 990 filings:
- Significant expense fluctuations, including negative expenses in some years, which may require deeper investigation into accounting practices or investment activities.
Strengths
The following positive indicators were identified for William S And Nancy E Thompson Foundation:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Substantial and growing asset base, demonstrating strong financial health and sustainability.
- Significant grantmaking activity, as evidenced by high expenses relative to revenue in recent years (e.g., $20,890,979 expenses vs. $5,001,453 revenue in 2023).
Frequently Asked Questions about William S And Nancy E Thompson Foundation
Is William S And Nancy E Thompson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, William S And Nancy E Thompson Foundation (EIN: 206371108) some concerns. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
How does William S And Nancy E Thompson Foundation spend its money?
William S And Nancy E Thompson Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to William S And Nancy E Thompson Foundation tax-deductible?
William S And Nancy E Thompson Foundation is registered as a tax-exempt nonprofit (EIN: 206371108). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the William S And Nancy E Thompson Foundation a good charity?
Based on the available data, the foundation appears to be a highly effective grantmaking organization. Its consistent reporting of 0% officer compensation is a significant positive indicator of efficiency and dedication to its mission. The substantial and growing asset base also suggests long-term sustainability and capacity for impact.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs exceptionally well, as evidenced by the consistent 0% officer compensation. This suggests a very lean operational structure, potentially relying on volunteer leadership or external administrative services that are not classified as officer compensation.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the past decade, increasing from $39,872,089 in 2011 to $74,154,248 in 2023. This indicates strong financial management and investment performance, enhancing its capacity for future grantmaking.
Filing History
IRS 990 filing history for William S And Nancy E Thompson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), William S And Nancy E Thompson Foundation's revenue has grown by 104.2%, moving from $2.4M to $5.0M. Total assets increased by 86% over the same period, from $39.9M to $74.2M. Total functional expenses rose by 815.2%, from $2.3M to $20.9M. In its most recent filing year (2023), William S And Nancy E Thompson Foundation reported a deficit of $15.9M, with expenses exceeding revenue. The organization holds $18.8M in liabilities against $74.2M in assets (debt-to-asset ratio: 25.3%), resulting in net assets of $55.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $20.9M | $74.2M | $18.8M | — | — |
| 2022 | $3.7M | $1.4M | $69.5M | $2.5M | — | View 990 |
| 2021 | $10.0M | $8.0M | $84.2M | $6.7M | — | View 990 |
| 2020 | $4.8M | $-3,949,652 | $74.7M | $220K | — | View 990 |
| 2019 | $5.1M | $-160,930 | $65.0M | $5.2M | — | View 990 |
| 2015 | $6.6M | $7.6M | $55.0M | $8.0M | — | View 990 |
| 2014 | $11.2M | $4.0M | $57.0M | $5.0M | — | View 990 |
| 2013 | $7.4M | $1.5M | $51.1M | $4.0M | — | View 990 |
| 2012 | $6.1M | $3.1M | $43.0M | $0 | — | View 990 |
| 2011 | $2.4M | $2.3M | $39.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $20.9M, and assets of $74.2M (revenue +33.8% year-over-year).
- 2022: Revenue of $3.7M, expenses of $1.4M, and assets of $69.5M (revenue -62.5% year-over-year).
- 2021: Revenue of $10.0M, expenses of $8.0M, and assets of $84.2M (revenue +107.2% year-over-year).
- 2020: Revenue of $4.8M, expenses of $-3,949,652, and assets of $74.7M (revenue -5.7% year-over-year).
- 2019: Revenue of $5.1M, expenses of $-160,930, and assets of $65.0M (revenue -22.2% year-over-year).
- 2015: Revenue of $6.6M, expenses of $7.6M, and assets of $55.0M (revenue -41.3% year-over-year).
- 2014: Revenue of $11.2M, expenses of $4.0M, and assets of $57.0M (revenue +51.8% year-over-year).
- 2013: Revenue of $7.4M, expenses of $1.5M, and assets of $51.1M (revenue +20.0% year-over-year).
- 2012: Revenue of $6.1M, expenses of $3.1M, and assets of $43.0M (revenue +150.6% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.3M, and assets of $39.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for William S And Nancy E Thompson Foundation:
Data Sources and Methodology
This transparency report for William S And Nancy E Thompson 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.