Quick charity verification for Tomas Ventures Residence Ltd (EIN: 208269314)
Verdict: Tomas Ventures Residence Ltd appears trustworthy
75/100Mission Score
$386KRevenue
$22KAssets
2Red Flags
3Strengths
Red Flags
Liabilities frequently exceed assets, indicating potential financial instability or reliance on short-term funding (e.g., 2023: Liabilities $22,447, Assets $7,613).
Negative net assets reported in multiple periods (e.g., 2016: Assets $-537).
Strengths
Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
Steady revenue growth over the past decade, demonstrating consistent operational activity and funding.
Regular and timely IRS 990 filings, indicating good transparency practices.
Spending Breakdown
How Tomas Ventures Residence Ltd allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Tomas Ventures Residence Ltd
Is Tomas Ventures Residence Ltd a legitimate charity?
Based on AI analysis of IRS 990 filings, Tomas Ventures Residence Ltd (EIN: 208269314) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Tomas Ventures Residence Ltd a good charity to donate to?
Tomas Ventures Residence Ltd has a Mission Score of 75/100. Revenue: $386K. Assets: $22K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Tomas Ventures Residence Ltd?
The Employer Identification Number (EIN) for Tomas Ventures Residence Ltd is 208269314. 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 Tomas Ventures Residence Ltd spend its money?
Tomas Ventures Residence Ltd allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Tomas Ventures Residence Ltd's tax-exempt status?
You can verify Tomas Ventures Residence Ltd's tax-exempt status using EIN 208269314 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
Tomas Ventures Residence Ltd demonstrates consistent operational activity, with revenues and expenses generally increasing over the past decade. The organization's financial health appears stable, though with relatively low asset levels compared to its annual revenue, suggesting a lean operational model. For instance, in 2023, assets were $7,613 against revenues of $343,563. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead in this area, which is a positive sign for spending efficiency. However, the organization has frequently operated with liabilities exceeding assets, such as in 2023 where liabilities were $22,447 against assets of $7,613, which could indicate reliance on short-term funding or deferred payments.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the 990s. However, the consistent reporting of no officer compensation is a strong indicator of efficient use of funds at the executive level. The organization's consistent revenue generation and expenditure patterns suggest a predictable operational rhythm. Transparency is generally good through its regular 990 filings, but a more detailed breakdown of functional expenses would enhance understanding of its spending priorities.
Overall, Tomas Ventures Residence Ltd appears to be a functionally sound organization, consistently providing services as evidenced by its stable revenue and expense trends. The lack of executive compensation is a notable strength in terms of efficiency. However, the recurring negative net assets (liabilities exceeding assets) in several periods, including 2023, warrants closer examination to understand the underlying financial strategy and long-term sustainability.