Think Tank Inc
Think Tank Inc. faces recent operating deficits despite a long filing history.
EIN: 203742833 · Springfield, OH · NTEE: P02 · Updated: 2026-03-28
Is Think Tank Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Think Tank Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Think Tank Inc
Think Tank Inc (EIN: 203742833) is a nonprofit organization based in Springfield, OH, classified under NTEE code P02. The organization reported total revenue of $693K and total assets of $221K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Think Tank 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 Think Tank Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Think Tank Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Think Tank Inc. consistently reports 0% officer compensation across all 14 available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and revenue, and suggests either pro-bono leadership or compensation is reported under other categories.
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 Think Tank Inc's IRS 990 filings:
- Recent operating deficits in 2023 and 2022.
- Liabilities have exceeded assets in some prior years (e.g., 2020).
- Consistent 0% officer compensation is unusual and may warrant further clarification on how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Think Tank Inc:
- Long operational history with 14 IRS 990 filings.
- Demonstrated ability to generate significant revenue, exceeding $800,000 in 2020 and 2021.
- No reported officer compensation, suggesting a lean approach to executive pay or volunteer leadership.
Frequently Asked Questions about Think Tank Inc
Is Think Tank Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Think Tank Inc (EIN: 203742833) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Think Tank Inc spend its money?
Think Tank Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Think Tank Inc tax-deductible?
Think Tank Inc is registered as a tax-exempt nonprofit (EIN: 203742833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Think Tank Inc. financially sustainable given recent deficits?
Think Tank Inc. has reported deficits in 2023 ($53,156) and 2022 ($20,008), indicating that expenses have exceeded revenues in these recent periods. This trend raises questions about long-term financial sustainability if not addressed.
What is the nature of the 0% officer compensation reported?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues in the hundreds of thousands. It suggests either that officers are unpaid volunteers, or their compensation is categorized differently within the IRS 990, which warrants further investigation for full transparency.
How has the organization's asset base changed over time?
Think Tank Inc.'s assets have fluctuated significantly, from a low of $46,950 in 2015 to a high of $337,170 in 2022, before decreasing to $307,810 in 2023. This volatility, coupled with liabilities sometimes exceeding assets (e.g., $282,251 liabilities vs. $277,780 assets in 2020), suggests inconsistent financial growth and stability.
Filing History
IRS 990 filing history for Think Tank Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Think Tank Inc's revenue has grown by 27.7%, moving from $494K to $631K. Total assets increased by 341.5% over the same period, from $70K to $308K. Total functional expenses rose by 53.1%, from $447K to $684K. In its most recent filing year (2023), Think Tank Inc reported a deficit of $53K, with expenses exceeding revenue. The organization holds $269K in liabilities against $308K in assets (debt-to-asset ratio: 87.2%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $631K | $684K | $308K | $269K | — | — |
| 2022 | $694K | $714K | $337K | $245K | — | View 990 |
| 2021 | $849K | $732K | $330K | $218K | — | View 990 |
| 2020 | $882K | $838K | $278K | $282K | — | — |
| 2019 | $731K | $720K | $137K | $185K | — | View 990 |
| 2018 | $592K | $582K | $56K | $115K | — | View 990 |
| 2017 | $571K | $610K | $54K | $123K | — | View 990 |
| 2016 | $578K | $564K | $66K | $97K | — | View 990 |
| 2015 | $625K | $637K | $47K | $90K | — | View 990 |
| 2014 | $708K | $690K | $71K | $103K | — | View 990 |
| 2013 | $756K | $814K | $86K | $136K | — | View 990 |
| 2012 | $814K | $811K | $93K | $85K | — | View 990 |
| 2011 | $576K | $576K | $101K | $96K | — | View 990 |
| 2010 | $494K | $447K | $70K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $631K, expenses of $684K, and assets of $308K (revenue -9.1% year-over-year).
- 2022: Revenue of $694K, expenses of $714K, and assets of $337K (revenue -18.3% year-over-year).
- 2021: Revenue of $849K, expenses of $732K, and assets of $330K (revenue -3.7% year-over-year).
- 2020: Revenue of $882K, expenses of $838K, and assets of $278K (revenue +20.6% year-over-year).
- 2019: Revenue of $731K, expenses of $720K, and assets of $137K (revenue +23.5% year-over-year).
- 2018: Revenue of $592K, expenses of $582K, and assets of $56K (revenue +3.7% year-over-year).
- 2017: Revenue of $571K, expenses of $610K, and assets of $54K (revenue -1.2% year-over-year).
- 2016: Revenue of $578K, expenses of $564K, and assets of $66K (revenue -7.6% year-over-year).
- 2015: Revenue of $625K, expenses of $637K, and assets of $47K (revenue -11.7% year-over-year).
- 2014: Revenue of $708K, expenses of $690K, and assets of $71K (revenue -6.3% year-over-year).
- 2013: Revenue of $756K, expenses of $814K, and assets of $86K (revenue -7.1% year-over-year).
- 2012: Revenue of $814K, expenses of $811K, and assets of $93K (revenue +41.3% year-over-year).
- 2011: Revenue of $576K, expenses of $576K, and assets of $101K (revenue +16.6% year-over-year).
- 2010: Revenue of $494K, expenses of $447K, and assets of $70K.
Data Sources and Methodology
This transparency report for Think Tank 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.