Richard B and Rhonda M Thompson Foundation
Only null% goes to programs Thin reserves
Richard B and Rhonda M Thompson Foundation is a 501(c)(3) organization based in Kinsman, Ohio, registered in 2010, with $1,717,104 in FY2024 revenue. CharityIndex grades it F.
8761 State Route 7, Kinsman, OH, 44428 EIN 26-0841173 Since 2010
Revenue (FY2024)
$1.7M
▲ 2.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.3M
Net assets
-$3.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Richard B and Rhonda M Thompson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -32% margin
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 Richard B and Rhonda M Thompson Foundation: 0 mo reserves · -32% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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 Richard B and Rhonda M Thompson Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
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 Richard B and Rhonda M Thompson Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 8761 State Route 7, Kinsman, OH, 44428
- City
- Kinsman
- State
- Ohio
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $975K (FY2013) to $1.7M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $13.0MNet assets -$3.1M
Operating margin
-32.4%
Spent more than it raised in the latest fiscal year.
Total assets
$9.9M
Total liabilities
$13.0M
Net assets
-$3.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,717,104▲2.1% | $2,273,611▼11.2% | -$3,083,757▼22.0% | $9,930,526▲21.3% | 990PF |
| 2023 | $1,680,988▲0.7% | $2,559,536▲33.7% | -$2,527,250▼53.3% | $8,183,414▼0.2% | 990PF |
| 2022 | $1,669,204▼14.8% | $1,914,020▼3.4% | -$1,648,702▼17.4% | $8,199,967▼2.5% | 990PF |
| 2021 | $1,958,080▲14.7% | $1,980,385▼10.2% | -$1,403,886▼1.6% | $8,411,536▲27.2% | 990PF |
| 2020 | $1,707,252▲86.2% | $2,205,326▲21.1% | -$1,381,581▼56.4% | $6,610,683▲0.4% | 990PF |
| 2019 | $916,860▲63.8% | $1,821,496▲21.2% | -$883,507▼4281% | $6,584,896▲4.2% | 990PF |
| 2018 | $559,678▲79.9% | $1,502,458▲16.4% | $21,129▼97.8% | $6,320,519▲41.8% | 990PF |
| 2017 | $311,034 | $1,290,848▲1262% | $963,909▼58.7% | $4,455,876▲16.5% | 990PF |
| 2015 | $0▼100% | $94,771▼58.5% | $2,331,323▼3.9% | $3,823,824▲52.9% | 990PF |
| 2014 | $1,592,531▲63.3% | $228,553▲160% | $2,426,094▲128% | $2,501,598▲136% | 990PF |
| 2013 | $975,188 | $87,876▲383% | $1,062,116▲508% | $1,062,116▲508% | 990PF |
| 2012 | — | $18,202▲401% | $174,804▲77.4% | $174,804▲77.4% | 990PF |
| 2011 | — | $3,636▲4.0% | $98,558▲107% | $98,558▲107% | 990PF |
| 2010 | — | $3,497 | $47,694 | $47,694 | 990PF |
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.
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Frequently asked questions
- Is Richard B and Rhonda M Thompson Foundation a legitimate nonprofit?
- Yes. Richard B and Rhonda M Thompson Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0841173, based in Kinsman, Ohio. Donations are tax-deductible.
- What is Richard B and Rhonda M Thompson Foundation's EIN?
- Richard B and Rhonda M Thompson Foundation's Employer Identification Number (EIN) is 26-0841173.
- How much revenue does Richard B and Rhonda M Thompson Foundation report?
- Richard B and Rhonda M Thompson Foundation reported $1,717,104 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard B and Rhonda M Thompson Foundation have?
- CharityIndex grades Richard B and Rhonda M Thompson Foundation F, based on financial health (reserves and operating margin).
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Data for Richard B and Rhonda M Thompson Foundation (EIN 26-0841173) 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.