Is Think Tank Inc Legit?

Quick charity verification for Think Tank Inc (EIN: 203742833)

Verdict: Think Tank Inc shows mixed signals

65/100Mission Score
$693KRevenue
$221KAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Think Tank Inc. demonstrates a consistent operational history with 14 filings, indicating a stable presence. However, recent financial trends show some concerns. In 2023, the organization reported expenses of $683,894 against revenues of $630,738, resulting in a deficit. This follows a similar pattern in 2022 where expenses ($714,165) exceeded revenues ($694,157). While the organization had a surplus in 2021 ($849,338 revenue vs. $732,396 expenses), the recent deficits suggest a need for closer monitoring of financial sustainability. The organization's assets have fluctuated, with a notable decrease from $337,170 in 2022 to $307,810 in 2023, while liabilities remain significant, exceeding assets in some prior years (e.g., 2020). The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this area, which is a positive indicator of transparency regarding executive pay.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

Related Pages