501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $36K a year · 20% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
990-PF Pt I · 6 filings
62 mo
of spending, in cash
Looks good: 62.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$410K
-7% vs prior year
Spent
$214K
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$410K
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$69K
FY2021$80K
FY2022$54K
FY2023$63K
FY2024$439K
FY2025$410K
Expenses
$214K
FY2025▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$152K
FY2021$131K
FY2022$60K
FY2023$185K
FY2024$154K
FY2025$214K
Net assets
$2.6M
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.6M
FY2021$2.5M
FY2022$2.5M
FY2023$2.4M
FY2024$2.7M
FY2025$2.6M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 85% · $181K Operating & administrative 15% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990-PF.

Part VII, Section A · reportable compensation
Director/President/Treasurer
$0Pt VII · Sec A
Director/Secretary
$0Pt VII · Sec A
See Thomson Charitable Foundation executive salaries →

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Programs and updates

A private foundation based in Cresco, IA.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 30 grants · $177K · 2025–2025
City of CrescoFY2025$50,750
Norman-Borlaug Heritage FoundationFY2025$35,000
Floyd County Fair SocietyFY2025$25,000
Northeast Iowa Community College FoundationFY2025$20,000
Northeast Iowa Food BankFY2025$6,000
Shriners Childrens HospitalFY2025$5,250
Individual RecipientFY2025$5,000
St Jude Children Research HospitalFY2025$5,000
Individual RecipientFY2025$5,000
Wartburg CollegeFY2025$5,000
Howard County Agrl SocietyFY2025$4,100
Howard County Business and TourismFY2025$1,500
Howard County Community Schools FoundationFY2025$1,400
Fellowship of Christian AthletesFY2025$1,000
Covenant House InternationalFY2025$1,000
Individual RecipientFY2025$1,000
Opportunity Homes INCFY2025$1,000
Oaklawn Cemetery Association of Cresco IAFY2025$1,000
See all 30 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$6K
Median grantPart XV$1K
Largest grantPart XV$51K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$410K
Gifts and grants$324K
Investment income$86K
Money out
$214K
Grants paid$181K
Running costs$33K
Owns and owes
$2.6M
net assets
Cash and savings$1.1M
Total assets$2.6M
Liabilities$0
People
2
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$324K
Investment income$86K
Total revenue$410K
Assets in detailEnd of year
Cash and savings together$1.1M
Total assets$2.6M
Liabilities$0
Net assets$2.6M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $410K$214K$196K$2.6M 990 PDF
FY2024 $439K$154K$285K$2.7M 990 PDF
FY2023 $63K$185K−$122K$2.4M 990 PDF
FY2022 $54K$60K−$6K$2.5M 990 PDF
FY2021 $80K$131K−$51K$2.5M 990 PDF
FY2020 $69K$152K−$84K$2.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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