Michael E Thornton Foundation is a 501(c)(3) organization based in Dallas, Texas, registered in 2015, with $475,602 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$476K
▼ 4.3% vs prior year
Human Services median: $293K
Expenses (FY2024)
$457K
Net assets
$206K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael E Thornton Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael E Thornton Foundation: 5 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael E Thornton Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael E Thornton Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $100K (FY2015) to $476K (FY2024) across 10 reported years.
Financial snapshot
Operating margin
4.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$214K
Total liabilities
$7,934
Net assets
$206K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $475,602▼4.3% | $456,608▼3.5% | $205,741▲10.2% | $213,675▼14.1% | 990 |
| 2023 | $496,781▼5.7% | $473,135▼18.9% | $186,747▲14.5% | $248,727▲46.0% | 990 |
| 2022 | $526,626▼2.2% | $583,209▲48.8% | $163,102▼25.8% | $170,354▼22.5% | 990 |
| 2021 | $538,257▲157% | $391,832▲33.0% | $219,686▲200% | $219,686▲87.8% | 990 |
| 2020 | $209,465▼21.4% | $294,685▼18.4% | $73,260▼48.6% | $116,951▼25.5% | 990 |
| 2019 | $266,619▼29.9% | $361,026▲1.7% | $142,446▼39.9% | $156,939▼33.7% | 990 |
| 2018 | $380,257▲13.3% | $354,872▲106% | $236,853▲12.0% | $236,853▲12.0% | 990 |
| 2017 | $335,644▲200% | $172,380▲58.2% | $211,467▲339% | $211,467▲339% | 990 |
| 2016 | $111,781▲11.6% | $108,992▲98.9% | $48,204▲6.1% | $48,204▲6.1% | 990 |
| 2015 | $100,200 | $54,784 | $45,416 | $45,416 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
19 grants to Michael E Thornton Foundation totaling $415K, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Data for Michael E Thornton Foundation (EIN 47-3566922) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.