Theodore R And Thelma A Gibson Charter School Inc
Theodore R And Thelma A Gibson Charter School Inc shows consistent revenue growth and significant asset expansion, alongside increasing liabilities.
EIN: 20607895 · Miami, FL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| Net Assets | $613K |
| Transparency Score | 80/100 |
Is Theodore R And Thelma A Gibson Charter School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theodore R And Thelma A Gibson Charter School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theodore R And Thelma A Gibson Charter School Inc
Theodore R And Thelma A Gibson Charter School Inc (EIN: 20607895) is a nonprofit organization based in Miami, FL, classified under NTEE code B29. The organization reported total revenue of $2.6M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theodore R And Thelma A Gibson Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theodore R And Thelma A Gibson Charter School Inc is a mid-size nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$69K |
| Total Assets | $4.0M |
| Total Liabilities | $3.4M |
| Net Assets | $613K |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 84.8% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2024, Theodore R And Thelma A Gibson Charter School Inc reported a surplus of $69K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 84.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Theodore R And Thelma A Gibson Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +18.1% | +18.7% | +0.0% |
| 2023 | -1.7% | -3.3% | +240.5% |
| 2022 | +6.2% | +4.8% | +73.0% |
| 2021 | -3.7% | +1.6% | +2.0% |
| 2020 | +18.2% | +10.7% | +37.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Theodore R And Thelma A Gibson Charter School Inc with a Mission Score of 80 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Theodore R And Thelma A Gibson Charter School Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 84.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this size and revenue.
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 Theodore R And Thelma A Gibson Charter School Inc's IRS 990 filings:
- Significant increase in liabilities without clear explanation in provided data, reaching $3,415,835 in 2024.
- 0% reported officer compensation across all filings, which is highly unusual for an organization of this size and could indicate incomplete reporting or an unusual compensation structure.
Strengths
The following positive indicators were identified for Theodore R And Thelma A Gibson Charter School Inc:
- Consistent revenue generation, with revenues generally exceeding expenses.
- Significant growth in assets, indicating potential investment in organizational capacity.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
- No reported officer compensation, suggesting resources are directed away from executive salaries.
Frequently Asked Questions about Theodore R And Thelma A Gibson Charter School Inc
Is Theodore R And Thelma A Gibson Charter School Inc a legitimate charity?
Theodore R And Thelma A Gibson Charter School Inc (EIN: 20607895) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 80/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Theodore R And Thelma A Gibson Charter School Inc spend its money?
Theodore R And Thelma A Gibson Charter School Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Theodore R And Thelma A Gibson Charter School Inc tax-deductible?
Theodore R And Thelma A Gibson Charter School Inc is registered as a tax-exempt nonprofit (EIN: 20607895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Theodore R And Thelma A Gibson Charter School Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Theodore R And Thelma A Gibson Charter School Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Theodore R And Thelma A Gibson Charter School Inc located?
Theodore R And Thelma A Gibson Charter School Inc is headquartered in Miami, Florida and files with the IRS under EIN 20607895. It is classified under NTEE code B29.
How many years of IRS 990 filings does Theodore R And Thelma A Gibson Charter School Inc have?
Theodore R And Thelma A Gibson Charter School Inc has 14 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 $2.6M in total revenue.
Is Theodore R And Thelma A Gibson Charter School Inc a good charity?
Based on the available data, the organization appears to be financially stable with consistent revenue and a focus on its mission, as evidenced by no reported officer compensation. However, the significant increase in liabilities warrants further investigation to understand its implications.
What caused the substantial increase in assets and liabilities between 2021 and 2022, and again between 2023 and 2024?
The filings show assets jumped from $683,903 in 2021 to $1,183,233 in 2022, and then to $4,028,898 in 2024, with corresponding increases in liabilities. This suggests a major capital investment, possibly in facilities or property, likely financed through debt.
How does the organization manage its administrative costs given the lack of reported officer compensation?
The absence of reported officer compensation (0%) across all filings is unusual for an organization with over $2 million in revenue. It suggests that administrative functions, including leadership, might be handled by volunteers, or compensation is structured in a way not captured under 'officer compensation' on the 990.
Filing History
IRS 990 filing history for Theodore R And Thelma A Gibson Charter School Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Theodore R And Thelma A Gibson Charter School Inc's revenue has grown by 3.4%, moving from $2.4M to $2.5M. Total assets increased by 779.8% over the same period, from $458K to $4.0M. Total functional expenses rose by 0.8%, from $2.4M to $2.4M. In its most recent filing year (2024), Theodore R And Thelma A Gibson Charter School Inc reported a surplus of $69K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $4.0M in assets (debt-to-asset ratio: 84.8%), resulting in net assets of $613K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.5M | $2.4M | $4.0M | $3.4M | — | View 990 |
| 2023 | $2.1M | $2.1M | $4.0M | $3.5M | — | View 990 |
| 2022 | $2.2M | $2.1M | $1.2M | $707K | — | View 990 |
| 2021 | $2.0M | $2.0M | $684K | $242K | — | View 990 |
| 2020 | $2.1M | $2.0M | $670K | $235K | — | View 990 |
| 2019 | $1.8M | $1.8M | $487K | $167K | — | View 990 |
| 2018 | $1.8M | $1.8M | $507K | $170K | — | View 990 |
| 2017 | $1.7M | $1.6M | $462K | $172K | — | View 990 |
| 2016 | $2.3M | $2.3M | $525K | $342K | — | View 990 |
| 2015 | $2.3M | $2.2M | $574K | $404K | — | View 990 |
| 2014 | $2.3M | $2.3M | $402K | $246K | — | View 990 |
| 2013 | $2.4M | $2.4M | $553K | $478K | — | View 990 |
| 2012 | $2.4M | $2.4M | $586K | $516K | — | View 990 |
| 2011 | $2.4M | $2.4M | $458K | $390K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.5M, expenses of $2.4M, and assets of $4.0M (revenue +18.1% year-over-year).
- 2023: Revenue of $2.1M, expenses of $2.1M, and assets of $4.0M (revenue -1.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $1.2M (revenue +6.2% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $684K (revenue -3.7% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $670K (revenue +18.2% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $487K (revenue -0.7% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $507K (revenue +6.0% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $462K (revenue -25.7% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $525K (revenue +1.0% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.2M, and assets of $574K (revenue -3.5% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.3M, and assets of $402K (revenue -3.8% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.4M, and assets of $553K (revenue +0.4% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $586K (revenue +-0.0% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $458K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theodore R And Thelma A Gibson Charter School Inc:
Data Sources and Methodology
This transparency report for Theodore R And Thelma A Gibson Charter School 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.