Tha Inc
Tha Inc faces significant and persistent operating deficits, drawing down assets and increasing liabilities.
EIN: 200414076 · Topeka, KS · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $223K |
| Total Expenses | $536K |
| Program Spending | 70% |
| Net Assets | $272K |
| Transparency Score | 45/100 |
Is Tha Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tha Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Tha Inc
Tha Inc (EIN: 200414076) is a nonprofit organization based in Topeka, KS, classified under NTEE code L20. The organization reported total revenue of $223K and total assets of $676K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tha Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tha Inc is a small 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 -14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $536K |
| Surplus / Deficit | $-287,981 |
| Total Assets | $827K |
| Total Liabilities | $556K |
| Net Assets | $272K |
| Operating Margin | -116.1% |
| Debt-to-Asset Ratio | 67.1% |
| Months of Reserves | 18.5 months |
Financial Health Grade: C
In 2023, Tha Inc reported a deficit of $288K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 67.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tha Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | -6.4% | +0.8% |
| 2022 | +51.6% | +83.8% | -26.4% |
| 2021 | -28.8% | -24.2% | -11.9% |
| 2020 | -4.8% | +59.0% | -33.1% |
| 2019 | -13.6% | +4.7% | -0.8% |
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 Tha Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Tha Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $288K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.1%.
Executive Compensation Analysis
Tha Inc consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that executive salaries are not a significant expense, which is positive for resource allocation.
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 Tha Inc's IRS 990 filings:
- Consistent and significant operating deficits (e.g., $248,083 revenue vs. $536,064 expenses in 2023).
- Steep decline in total assets over the past decade (from $2.7 million in 2014 to $827,388 in 2023).
- Significant increase in liabilities, reaching $555,531 in 2023 from $260,285 in 2021.
- Expenses consistently exceeding revenue, indicating an unsustainable financial model.
Strengths
The following positive indicators were identified for Tha Inc:
- Consistent filing of IRS Form 990s, indicating adherence to reporting requirements.
- No reported officer compensation, suggesting efficient use of funds at the executive level or a volunteer-driven leadership.
- Historically maintained a substantial asset base, though it is currently declining.
Frequently Asked Questions about Tha Inc
Is Tha Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tha Inc (EIN: 200414076) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Tha Inc spend its money?
Tha Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tha Inc tax-deductible?
Tha Inc is registered as a tax-exempt nonprofit (EIN: 200414076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tha Inc's spending goes to programs?
Tha Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Tha Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Tha Inc is near average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tha Inc located?
Tha Inc is headquartered in Topeka, Kansas and files with the IRS under EIN 200414076. It is classified under NTEE code L20.
How many years of IRS 990 filings does Tha Inc have?
Tha Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $223K in total revenue.
Is Tha Inc financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earned for several years, leading to a significant decline in assets from $2.7 million in 2014 to $827,388 in 2023, and an increase in liabilities to $555,531 in 2023. This trend raises serious concerns about long-term financial sustainability.
What is causing the large gap between revenue and expenses?
Without a detailed breakdown of expenses (e.g., program service expenses vs. administrative and fundraising), it's difficult to pinpoint the exact cause. However, the consistent deficits suggest either insufficient revenue generation or high operational costs relative to income.
How does Tha Inc plan to address its declining asset base and increasing liabilities?
The organization's assets have decreased by over $1.9 million since 2014, while liabilities have grown significantly, particularly in the last two years. A clear strategy for reversing these trends is crucial for its future viability.
Filing History
IRS 990 filing history for Tha Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tha Inc's revenue has declined by 85.1%, moving from $1.7M to $248K. Total assets decreased by 61% over the same period, from $2.1M to $827K. Total functional expenses rose by 1494.9%, from $34K to $536K. In its most recent filing year (2023), Tha Inc reported a deficit of $288K, with expenses exceeding revenue. The organization holds $556K in liabilities against $827K in assets (debt-to-asset ratio: 67.1%), resulting in net assets of $272K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $536K | $827K | $556K | — | — |
| 2022 | $245K | $573K | $821K | $261K | — | View 990 |
| 2021 | $162K | $312K | $1.1M | $260K | — | View 990 |
| 2020 | $227K | $411K | $1.3M | $261K | — | View 990 |
| 2019 | $239K | $259K | $1.9M | $287K | — | View 990 |
| 2018 | $276K | $247K | $1.9M | $282K | — | View 990 |
| 2017 | $244K | $487K | $1.9M | $297K | — | — |
| 2016 | $161K | $749K | $2.2M | $317K | — | View 990 |
| 2015 | $137K | $136K | $2.7M | $301K | — | View 990 |
| 2014 | $289K | $463K | $2.7M | $312K | — | View 990 |
| 2013 | $320K | $153K | $2.9M | $318K | — | View 990 |
| 2012 | $313K | $2K | $2.4M | $0 | — | View 990 |
| 2011 | $1.7M | $34K | $2.1M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $536K, and assets of $827K (revenue +1.2% year-over-year).
- 2022: Revenue of $245K, expenses of $573K, and assets of $821K (revenue +51.6% year-over-year).
- 2021: Revenue of $162K, expenses of $312K, and assets of $1.1M (revenue -28.8% year-over-year).
- 2020: Revenue of $227K, expenses of $411K, and assets of $1.3M (revenue -4.8% year-over-year).
- 2019: Revenue of $239K, expenses of $259K, and assets of $1.9M (revenue -13.6% year-over-year).
- 2018: Revenue of $276K, expenses of $247K, and assets of $1.9M (revenue +13.1% year-over-year).
- 2017: Revenue of $244K, expenses of $487K, and assets of $1.9M (revenue +51.5% year-over-year).
- 2016: Revenue of $161K, expenses of $749K, and assets of $2.2M (revenue +17.6% year-over-year).
- 2015: Revenue of $137K, expenses of $136K, and assets of $2.7M (revenue -52.7% year-over-year).
- 2014: Revenue of $289K, expenses of $463K, and assets of $2.7M (revenue -9.5% year-over-year).
- 2013: Revenue of $320K, expenses of $153K, and assets of $2.9M (revenue +2.0% year-over-year).
- 2012: Revenue of $313K, expenses of $2K, and assets of $2.4M (revenue -81.1% year-over-year).
- 2011: Revenue of $1.7M, expenses of $34K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tha Inc:
Data Sources and Methodology
This transparency report for Tha Inc 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.