Thistle & Rose Foundation is a 501(c)(3) organization based in Montecito, California, registered in 2006, with $57,964 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$58K
▼ 21.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$136K
Net assets
$1.7M
Employees
—
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 Thistle & Rose 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 Thistle & Rose Foundation: 151 mo reserves · -135% margin earns a F 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 Thistle & Rose 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 Thistle & Rose Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue declined from $78K (FY2014) to $58K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
-134.6%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7M
Total liabilities
$0
Net assets
$1.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $57,964▼21.8% | $136,004▼24.9% | $1,711,375▼4.4% | $1,711,375▼4.4% | 990PF |
| 2023 | $74,135▼7.5% | $181,002▲114% | $1,789,415▼5.6% | $1,789,415▼5.6% | 990PF |
| 2022 | $80,119▼20.5% | $84,701▼39.4% | $1,896,282▼0.2% | $1,896,282▼0.2% | 990PF |
| 2021 | $100,822▲3.3% | $139,725▼10.3% | $1,900,864▼2.0% | $1,900,864▼2.0% | 990PF |
| 2020 | $97,632▼26.3% | $155,744▲6.7% | $1,939,767▼2.9% | $1,939,767▼2.9% | 990PF |
| 2019 | $132,531▲47.2% | $145,922▼16.5% | $1,997,879▼0.7% | $1,997,879▼0.7% | 990PF |
| 2018 | $90,042▲3.5% | $174,657▲22.1% | $2,011,270▼4.0% | $2,011,270▼4.0% | 990PF |
| 2017 | $86,991▲88.4% | $143,064▼14.1% | $2,095,885▼2.6% | $2,095,885▼2.6% | 990PF |
| 2016 | $46,176▼97.7% | $166,585▲35.7% | $2,151,958▼5.3% | $2,151,958▼5.3% | 990PF |
| 2015 | $1,970,127▲2430% | $122,727▼33.6% | $2,272,367▲59.1% | $2,272,367▲59.1% | 990PF |
| 2014 | $77,877 | $184,969 | $1,428,492 | $1,428,492 | 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.
Explore more
Data for Thistle & Rose Foundation (EIN 02-6175078) 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.