Thatcher Foundation Inc
EIN: 814809537 · Las Vegas, NV · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $483K |
| Total Expenses | $629K |
| Net Assets | $304K |
Is Thatcher Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thatcher Foundation Inc
Thatcher Foundation Inc (EIN: 814809537) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T22. The organization reported total revenue of $483K and total assets of $402K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thatcher Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thatcher Foundation Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -20.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $629K |
| Surplus / Deficit | $-229,045 |
| Total Assets | $402K |
| Total Liabilities | $98K |
| Net Assets | $304K |
| Operating Margin | -57.3% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Thatcher Foundation Inc reported a deficit of $229K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Thatcher Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39999900.0% | +62.0% | -24.6% |
| 2022 | -100.0% | +383.7% | -42.1% |
| 2021 | +40000400.0% | -74.4% | +53.1% |
| 2020 | -100.0% | -17.3% | -34.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thatcher Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thatcher Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $229K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.3%.
Frequently Asked Questions about Thatcher Foundation Inc
Is Thatcher Foundation Inc a legitimate charity?
Thatcher Foundation Inc (EIN: 814809537) is a registered tax-exempt nonprofit based in Nevada. It has 5 years of IRS 990 filings on record. Total revenue: $483K. No red flags identified. Financial health grade: B.
How does Thatcher Foundation Inc spend its money?
Thatcher Foundation Inc reported $483K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Thatcher Foundation Inc tax-deductible?
Thatcher Foundation Inc is registered as a tax-exempt nonprofit (EIN: 814809537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thatcher Foundation Inc located?
Thatcher Foundation Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 814809537. It is classified under NTEE code T22.
How many years of IRS 990 filings does Thatcher Foundation Inc have?
Thatcher Foundation Inc has 5 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 $483K in total revenue.
Filing History
IRS 990 filing history for Thatcher Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Thatcher Foundation Inc's revenue has declined by 59.6%, moving from $991K to $400K. Total assets decreased by 56.1% over the same period, from $916K to $402K. Total functional expenses rose by 65.8%, from $379K to $629K. In its most recent filing year (2023), Thatcher Foundation Inc reported a deficit of $229K, with expenses exceeding revenue. The organization holds $98K in liabilities against $402K in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $304K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $629K | $402K | $98K | — | View 990 |
| 2022 | $1 | $388K | $533K | $1 | — | View 990 |
| 2021 | $400K | $80K | $922K | $1 | — | View 990 |
| 2020 | $1 | $314K | $602K | $1 | — | — |
| 2019 | $991K | $379K | $916K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $400K, expenses of $629K, and assets of $402K (revenue +39999900.0% year-over-year).
- 2022: Revenue of $1, expenses of $388K, and assets of $533K (revenue -100.0% year-over-year).
- 2021: Revenue of $400K, expenses of $80K, and assets of $922K (revenue +40000400.0% year-over-year).
- 2020: Revenue of $1, expenses of $314K, and assets of $602K (revenue -100.0% year-over-year).
- 2019: Revenue of $991K, expenses of $379K, and assets of $916K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thatcher Foundation Inc:
Data Sources and Methodology
This transparency report for Thatcher Foundation 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.