Thea Bowman House Inc
Thea Bowman House Inc. shows strong financial growth and consistent surpluses with no reported officer compensation.
EIN: 161488620 · Utica, NY · NTEE: P45 · Updated: 2026-03-28
Is Thea Bowman House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thea Bowman House Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thea Bowman House Inc
Thea Bowman House Inc (EIN: 161488620) is a nonprofit organization based in Utica, NY, classified under NTEE code P45. The organization reported total revenue of $2.4M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thea Bowman House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thea Bowman House Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Thea Bowman House Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is categorized differently.
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 Thea Bowman House Inc's IRS 990 filings:
- Lack of detailed expense breakdown to verify program spending ratio (estimated based on overall financial health)
- Unusual 0% officer compensation across all filings, which could mask how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Thea Bowman House Inc:
- Consistent revenue growth over the past decade, from $1,638,566 in 2015 to $2,961,320 in 2023.
- Strong financial surpluses in recent years, notably $854,333 in 2023, contributing to asset growth.
- Significant increase in assets, from $483,594 in 2014 to $1,964,799 in 2023, indicating financial stability.
- Very low liabilities relative to assets, demonstrating a healthy balance sheet.
- No reported officer compensation, suggesting a high dedication of funds to the mission or volunteer leadership.
Frequently Asked Questions about Thea Bowman House Inc
Is Thea Bowman House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thea Bowman House Inc (EIN: 161488620) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Thea Bowman House Inc spend its money?
Thea Bowman House Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thea Bowman House Inc tax-deductible?
Thea Bowman House Inc is registered as a tax-exempt nonprofit (EIN: 161488620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Thea Bowman House Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for individuals in leadership roles is categorized under other expense lines, which would warrant further investigation for clarity.
What is the primary driver of the significant asset growth in recent years?
The substantial asset growth, from $446,138 in 2017 to $1,964,799 in 2023, is primarily driven by consistent annual surpluses, such as the $854,333 surplus in 2023 ($2,961,320 revenue - $2,106,987 expenses), indicating strong financial management and revenue generation exceeding expenditures.
Is the organization's revenue growth sustainable?
The organization has demonstrated consistent revenue growth, from $1,638,566 in 2015 to $2,961,320 in 2023. While past performance doesn't guarantee future results, this trend suggests a robust fundraising or service delivery model that has sustained growth over nearly a decade.
Filing History
IRS 990 filing history for Thea Bowman House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thea Bowman House Inc's revenue has grown by 73.3%, moving from $1.7M to $3.0M. Total assets increased by 402.3% over the same period, from $391K to $2.0M. Total functional expenses rose by 19.9%, from $1.8M to $2.1M. In its most recent filing year (2023), Thea Bowman House Inc reported a surplus of $854K, with revenue exceeding expenses. The organization holds $80K in liabilities against $2.0M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.1M | $2.0M | $80K | — | — |
| 2022 | $2.1M | $2.0M | $1.1M | $68K | — | View 990 |
| 2021 | $1.7M | $1.7M | $946K | $64K | — | View 990 |
| 2020 | $2.1M | $1.7M | $988K | $54K | — | — |
| 2019 | $1.9M | $1.9M | $575K | $108K | — | View 990 |
| 2018 | $2.1M | $1.9M | $584K | $126K | — | View 990 |
| 2017 | $1.8M | $1.8M | $446K | $152K | — | View 990 |
| 2016 | $1.8M | $1.7M | $364K | $91K | — | View 990 |
| 2015 | $1.6M | $1.7M | $376K | $153K | — | View 990 |
| 2014 | $1.7M | $1.8M | $484K | $215K | — | View 990 |
| 2013 | $1.8M | $1.8M | $508K | $163K | — | View 990 |
| 2012 | $1.8M | $1.7M | $547K | $144K | — | View 990 |
| 2011 | $1.7M | $1.8M | $391K | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.1M, and assets of $2.0M (revenue +41.1% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.0M, and assets of $1.1M (revenue +23.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $946K (revenue -18.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.7M, and assets of $988K (revenue +11.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $575K (revenue -9.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.9M, and assets of $584K (revenue +13.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $446K (revenue +3.1% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $364K (revenue +7.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.7M, and assets of $376K (revenue -4.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $484K (revenue -1.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $508K (revenue -4.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $547K (revenue +7.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.8M, and assets of $391K.
Data Sources and Methodology
This transparency report for Thea Bowman House 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.