Thea Bowman Center
EIN: 522157682 · Cleveland, OH · NTEE: P28
| Metric | Value |
|---|---|
| Total Revenue | $608K |
| Total Expenses | $866K |
| Net Assets | $899K |
Is Thea Bowman Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thea Bowman Center
Thea Bowman Center (EIN: 522157682) is a nonprofit organization based in Cleveland, OH, classified under NTEE code P28. The organization reported total revenue of $608K and total assets of $666K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thea Bowman Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thea Bowman Center is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $957K |
| Total Expenses | $866K |
| Surplus / Deficit | +$91K |
| Total Assets | $935K |
| Total Liabilities | $36K |
| Net Assets | $899K |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Thea Bowman Center reported a surplus of $91K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Thea Bowman Center's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.1% | +1.6% | +13.6% |
| 2022 | +38.5% | +62.9% | -2.1% |
| 2021 | -20.9% | +12.9% | +8.5% |
| 2020 | +62.6% | +26.6% | +109.8% |
| 2019 | +26.0% | +0.1% | +41.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thea Bowman Center 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 Thea Bowman Center 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 surplus of $91K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Thea Bowman Center
Is Thea Bowman Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Thea Bowman Center (EIN: 522157682) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thea Bowman Center spend its money?
Detailed spending breakdown data is not yet available for Thea Bowman Center. Check back for updated IRS 990 analysis.
Are donations to Thea Bowman Center tax-deductible?
Thea Bowman Center is registered as a tax-exempt nonprofit (EIN: 522157682). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thea Bowman Center located?
Thea Bowman Center is headquartered in Cleveland, Ohio and files with the IRS under EIN 522157682. It is classified under NTEE code P28.
How many years of IRS 990 filings does Thea Bowman Center have?
Thea Bowman Center has 12 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 $608K in total revenue.
Filing History
IRS 990 filing history for Thea Bowman Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Thea Bowman Center's revenue has grown by 179.2%, moving from $343K to $957K. Total assets increased by 290% over the same period, from $240K to $935K. Total functional expenses rose by 243.8%, from $252K to $866K. In its most recent filing year (2023), Thea Bowman Center reported a surplus of $91K, with revenue exceeding expenses. The organization holds $36K in liabilities against $935K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $899K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $957K | $866K | $935K | $36K | — | View 990 |
| 2022 | $846K | $853K | $823K | $15K | — | View 990 |
| 2021 | $611K | $524K | $840K | $25K | — | View 990 |
| 2020 | $772K | $464K | $774K | $47K | — | View 990 |
| 2019 | $475K | $366K | $369K | $0 | — | View 990 |
| 2018 | $377K | $366K | $261K | $0 | — | View 990 |
| 2017 | $314K | $324K | $249K | $0 | — | View 990 |
| 2016 | $346K | $319K | $260K | $173 | — | View 990 |
| 2015 | $302K | $353K | $232K | $0 | — | View 990 |
| 2014 | $284K | $285K | $287K | $5K | — | View 990 |
| 2013 | $301K | $256K | $283K | $0 | — | View 990 |
| 2012 | $343K | $252K | $240K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $957K, expenses of $866K, and assets of $935K (revenue +13.1% year-over-year).
- 2022: Revenue of $846K, expenses of $853K, and assets of $823K (revenue +38.5% year-over-year).
- 2021: Revenue of $611K, expenses of $524K, and assets of $840K (revenue -20.9% year-over-year).
- 2020: Revenue of $772K, expenses of $464K, and assets of $774K (revenue +62.6% year-over-year).
- 2019: Revenue of $475K, expenses of $366K, and assets of $369K (revenue +26.0% year-over-year).
- 2018: Revenue of $377K, expenses of $366K, and assets of $261K (revenue +20.2% year-over-year).
- 2017: Revenue of $314K, expenses of $324K, and assets of $249K (revenue -9.4% year-over-year).
- 2016: Revenue of $346K, expenses of $319K, and assets of $260K (revenue +14.6% year-over-year).
- 2015: Revenue of $302K, expenses of $353K, and assets of $232K (revenue +6.3% year-over-year).
- 2014: Revenue of $284K, expenses of $285K, and assets of $287K (revenue -5.4% year-over-year).
- 2013: Revenue of $301K, expenses of $256K, and assets of $283K (revenue -12.3% year-over-year).
- 2012: Revenue of $343K, expenses of $252K, and assets of $240K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thea Bowman Center:
Data Sources and Methodology
This transparency report for Thea Bowman Center 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.