Quick charity verification for Thea Bowman House Inc (EIN: 161488620)
Verdict: Thea Bowman House Inc appears trustworthy
92/100Mission Score
$2.4MRevenue
$2.4MAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown to verify program spending ratio (estimated based on overall financial health)
Unusual 0% officer compensation across all filings, which could mask how leadership is compensated or sustained.
Strengths
Consistent revenue growth over the past decade, from $1,638,566 in 2015 to $2,961,320 in 2023.
Strong financial surpluses in recent years, notably $854,333 in 2023, contributing to asset growth.
Significant increase in assets, from $483,594 in 2014 to $1,964,799 in 2023, indicating financial stability.
Very low liabilities relative to assets, demonstrating a healthy balance sheet.
No reported officer compensation, suggesting a high dedication of funds to the mission or volunteer leadership.
Spending Breakdown
How Thea Bowman House Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Thea Bowman House Inc
Is Thea Bowman House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thea Bowman House Inc (EIN: 161488620) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Thea Bowman House Inc a good charity to donate to?
Thea Bowman House Inc has a Mission Score of 92/100. Revenue: $2.4M. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thea Bowman House Inc?
The Employer Identification Number (EIN) for Thea Bowman House Inc is 161488620. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Thea Bowman House Inc spend its money?
Thea Bowman House Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thea Bowman House Inc's tax-exempt status?
You can verify Thea Bowman House Inc's tax-exempt status using EIN 161488620 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Thea Bowman House Inc. demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $2,961,320 in the 2023 period. The organization has also shown a strong ability to manage expenses, with the 2023 expenses of $2,106,987 being significantly lower than revenue, leading to a substantial surplus. This surplus has contributed to a notable increase in assets, growing from $483,594 in 2014 to $1,964,799 in 2023, indicating sound financial management and accumulation of resources.
The organization's spending efficiency appears robust, particularly given the consistent surpluses in recent years. With no reported officer compensation across all available filings, this suggests a strong focus on directing resources towards its mission rather than executive salaries. The low liabilities relative to assets, such as $80,437 in liabilities against $1,964,799 in assets in 2023, further underscore financial stability and responsible fiscal practices. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to transparency.
While specific program spending percentages are not provided in the raw data, the absence of officer compensation and the consistent surpluses suggest that a significant portion of funds is likely allocated to programmatic activities. The growth in assets also provides a buffer for future operations and program expansion. Overall, Thea Bowman House Inc. appears to be a financially stable and efficiently managed nonprofit.