Brothers Of The Third Wheel
Brothers Of The Third Wheel faces financial instability with declining revenue and increasing liabilities.
EIN: 200235297 · Tucson, AZ · NTEE: N99 · Updated: 2026-03-28
Is Brothers Of The Third Wheel Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brothers Of The Third Wheel directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brothers Of The Third Wheel
Brothers Of The Third Wheel (EIN: 200235297) is a nonprofit organization based in Tucson, AZ, classified under NTEE code N99. The organization reported total revenue of $27K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brothers Of The Third Wheel's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brothers Of The Third Wheel is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $50K |
| Surplus / Deficit | $-11,597 |
| Total Assets | $4K |
| Total Liabilities | $22K |
| Net Assets | $-18,217 |
| Operating Margin | -30.4% |
| Debt-to-Asset Ratio | 616.2% |
| Months of Reserves | 0.9 months |
Financial Health Grade: D
In 2023, Brothers Of The Third Wheel reported a deficit of $12K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 616.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brothers Of The Third Wheel's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | +3.7% | -31.2% |
| 2022 | +4.4% | +21.7% | -55.1% |
| 2021 | -30.3% | -7.9% | +75.3% |
| 2020 | +25.8% | -10.6% | +61.4% |
| 2019 | -24.3% | -12.1% | -49.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brothers Of The Third Wheel with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Brothers Of The Third Wheel allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 616.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0%, indicating a volunteer-led organization, which is highly efficient for an organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brothers Of The Third Wheel's IRS 990 filings:
- Consistent operating deficits (e.g., $11,597 deficit in 2023).
- Significant decline in revenue over the past decade (from $104,871 in 2014 to $38,127 in 2023).
- Liabilities significantly exceed assets, indicating financial instability (e.g., $21,746 liabilities vs. $3,529 assets in 2023).
- NTEE code N99 ('Unknown') limits clarity on mission and comparability.
Strengths
The following positive indicators were identified for Brothers Of The Third Wheel:
- Zero officer compensation, indicating volunteer leadership and efficient use of funds for executive roles.
- Consistent filing of IRS Form 990s, demonstrating a commitment to transparency in reporting.
Frequently Asked Questions about Brothers Of The Third Wheel
Is Brothers Of The Third Wheel a legitimate charity?
Based on AI analysis of IRS 990 filings, Brothers Of The Third Wheel (EIN: 200235297) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Brothers Of The Third Wheel spend its money?
Brothers Of The Third Wheel directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brothers Of The Third Wheel tax-deductible?
Brothers Of The Third Wheel is registered as a tax-exempt nonprofit (EIN: 200235297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Brothers Of The Third Wheel financially sustainable?
Based on recent filings, the organization is not financially sustainable. It has consistently operated at a deficit, with expenses exceeding revenue in most recent years, and liabilities significantly outweighing assets, reaching $21,746 in liabilities against $3,529 in assets in 2023.
Why has the organization's revenue declined so sharply?
Revenue has declined from $104,871 in 2014 to $38,127 in 2023. The IRS 990 data alone does not specify the reasons for this decline, but it could be due to reduced fundraising effectiveness, fewer donations, or changes in program scope.
What are the primary drivers of the organization's expenses?
The IRS 990 data provides total expenses but does not offer a detailed breakdown of how funds are allocated between program services, administrative costs, and fundraising. Further detailed financial statements would be needed to understand expense drivers.
What is the significance of the NTEE code N99?
An NTEE code of N99 ('Unknown') indicates that the organization's specific mission or purpose is not clearly categorized. This can make it difficult for donors and analysts to understand its core activities and compare its performance to similar nonprofits.
Filing History
IRS 990 filing history for Brothers Of The Third Wheel showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brothers Of The Third Wheel's revenue has declined by 61%, moving from $98K to $38K. Total assets decreased by 92.5% over the same period, from $47K to $4K. Total functional expenses fell by 58.1%, from $119K to $50K. In its most recent filing year (2023), Brothers Of The Third Wheel reported a deficit of $12K, with expenses exceeding revenue. The organization holds $22K in liabilities against $4K in assets (debt-to-asset ratio: 616.2%), resulting in net assets of $-18,217.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $50K | $4K | $22K | — | — |
| 2022 | $40K | $48K | $5K | $12K | — | View 990 |
| 2021 | $38K | $39K | $11K | $10K | — | — |
| 2020 | $55K | $43K | $7K | $4K | — | View 990 |
| 2019 | $44K | $48K | $4K | $2K | — | View 990 |
| 2018 | $58K | $54K | $8K | $2K | — | View 990 |
| 2017 | $80K | $83K | $18K | $15K | — | View 990 |
| 2016 | $74K | $70K | $10K | $4K | — | View 990 |
| 2015 | $74K | $81K | $7K | $6K | — | View 990 |
| 2014 | $105K | $104K | $11K | $3K | — | View 990 |
| 2013 | $103K | $107K | $9K | $2K | — | View 990 |
| 2012 | $89K | $122K | $12K | $145 | — | View 990 |
| 2011 | $98K | $119K | $47K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $50K, and assets of $4K (revenue -4.8% year-over-year).
- 2022: Revenue of $40K, expenses of $48K, and assets of $5K (revenue +4.4% year-over-year).
- 2021: Revenue of $38K, expenses of $39K, and assets of $11K (revenue -30.3% year-over-year).
- 2020: Revenue of $55K, expenses of $43K, and assets of $7K (revenue +25.8% year-over-year).
- 2019: Revenue of $44K, expenses of $48K, and assets of $4K (revenue -24.3% year-over-year).
- 2018: Revenue of $58K, expenses of $54K, and assets of $8K (revenue -27.6% year-over-year).
- 2017: Revenue of $80K, expenses of $83K, and assets of $18K (revenue +7.5% year-over-year).
- 2016: Revenue of $74K, expenses of $70K, and assets of $10K (revenue +0.2% year-over-year).
- 2015: Revenue of $74K, expenses of $81K, and assets of $7K (revenue -29.3% year-over-year).
- 2014: Revenue of $105K, expenses of $104K, and assets of $11K (revenue +2.1% year-over-year).
- 2013: Revenue of $103K, expenses of $107K, and assets of $9K (revenue +15.7% year-over-year).
- 2012: Revenue of $89K, expenses of $122K, and assets of $12K (revenue -9.2% year-over-year).
- 2011: Revenue of $98K, expenses of $119K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brothers Of The Third Wheel:
Data Sources and Methodology
This transparency report for Brothers Of The Third Wheel is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.