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Arts, Culture & Humanities · 2023 Form 990

Thomas Jefferson Foundation Inc: $35.0M Revenue, $42.3M Expenses

Charlottesvle, Virginia · EIN 540505959 · Filing year 2023

Thomas Jefferson Foundation Inc reported $35.0M in total revenue, $42.3M in total expenses, and $375.2M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.1M (3.24% of revenue). NonprofitTruth efficiency grade: F (32/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
F
Efficiency Score
32/100

Key Facts (2023 Form 990)

Total Revenue
$35.0M
Total Expenses
$42.3M
Total Assets
$375.2M
Reserve Months
106.4 months
Surplus / (Deficit)
$-7,373,835
EIN
540505959
Latest 990 Year
2023
Current-Officer Compensation
$1.1M
Officer Comp % of Revenue
3.24%

Thomas Jefferson Foundation Inc grades an F: the lowest bracket on the efficiency rubric. 32/100 composite, with multiple factors below the national benchmarks — usually a combination of precarious reserves, declining or erratic revenue, and officer compensation that runs high relative to size.

Thomas Jefferson Foundation Inc reported $35.0M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Reserves are the limiting factor: Thomas Jefferson Foundation Inc carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Thomas Jefferson Foundation Inc's 2023 revenue is materially below its earlier filings. Compensation for current officers and key employees runs $1.1M against $35.0M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. Thomas Jefferson Foundation Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$35.0M
Revenue
$42.3M
Expenses
$375.2M
Total Assets
$1.1M
Officer Compensation

How Thomas Jefferson Foundation Inc Compares

Thomas Jefferson Foundation Inc earns a NonprofitTruth efficiency grade of F (32/100). That is 24 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 3.24% of total revenue. The organization holds 106.4 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$42.3M
Total Expenses
Filing year 2023
$1.1M
Officer Compensation
3.24% of revenue
106.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Thomas Jefferson Foundation Inc reported $35.0M in revenue against $42.3M in total functional expenses for filing year 2023, holding roughly 106.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $1.1M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 3.24% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Thomas Jefferson Foundation Inc has a NonprofitTruth Efficiency Score of F (32/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Thomas Jefferson Foundation Inc, Donor FAQ

Thomas Jefferson Foundation Inc has a NonprofitTruth Efficiency Score of F (32/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Thomas Jefferson Foundation Inc reports $1.1M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 3.24% of the organization's $35.0M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Thomas Jefferson Foundation Inc reported $35.0M in annual revenue and $42.3M in total expenses for filing year 2023. The organization holds $375.2M in total assets.

Thomas Jefferson Foundation Inc holds approximately 106.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its F efficiency grade.

Thomas Jefferson Foundation Inc is a registered 501(c) organization with EIN 540505959, based in Charlottesvle, Virginia. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.