Thomas Ministries Inc
Thomas Ministries Inc. reports no current financial activity after years of consistent six-figure revenues.
EIN: 204504795 · Toledo, OH · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $702K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000, |
| Net Assets | $714 |
| Transparency Score | 50/100 |
Is Thomas Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas Ministries Inc
Thomas Ministries Inc (EIN: 204504795) is a nonprofit organization based in Toledo, OH, classified under NTEE code X20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas Ministries Inc is a small nonprofit that has been operating for 14 years, with 7 years of IRS 990 filings on record (2008–2014). Revenue has grown at a compound annual rate of 26.0%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $697K |
| Total Expenses | $702K |
| Surplus / Deficit | $-5,330 |
| Total Assets | $714 |
| Net Assets | $714 |
| Operating Margin | -0.8% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2014, Thomas Ministries Inc reported a deficit of $5K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2008–2014), Thomas Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +4.2% | +105.1% | -88.2% |
| 2013 | +2.1% | -48.5% | +977.4% |
| 2012 | -1.5% | +0.3% | -94.5% |
| 2011 | +122.9% | +127.2% | +1020300.0% |
| 2010 | +12.3% | +10.1% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2012 |
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 Thomas Ministries Inc with a Mission Score of 50 out of 100 (Fair). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Thomas Ministries Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% across all available filings, even when the organization had revenues exceeding $600,000, suggesting an all-volunteer leadership or compensation was not reported in this category.
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 Thomas Ministries Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or dissolution without clear explanation.
- Consistent reporting of 0% officer compensation across all filings, even with significant revenues, which is unusual for an organization of its historical size.
- Expenses frequently close to or exceeding revenue (e.g., 201412: Expenses $701,890 vs. Revenue $696,560), indicating tight financial management and little surplus accumulation.
Strengths
The following positive indicators were identified for Thomas Ministries Inc:
- Historically consistent revenue generation for several years (2008-2014), demonstrating past operational capacity.
- No reported liabilities across all filings, indicating a lack of debt burden during its active periods.
Frequently Asked Questions about Thomas Ministries Inc
Is Thomas Ministries Inc a legitimate charity?
Thomas Ministries Inc (EIN: 204504795) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 50/100. It has 7 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Thomas Ministries Inc spend its money?
Thomas Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Thomas Ministries Inc tax-deductible?
Thomas Ministries Inc is registered as a tax-exempt nonprofit (EIN: 204504795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thomas Ministries Inc CEO make?
Thomas Ministries Inc's highest-compensated officer earns $600,000, annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Thomas Ministries Inc's spending goes to programs?
Thomas Ministries Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thomas Ministries Inc compare to similar nonprofits?
With a transparency score of 50/100 (Fair), Thomas Ministries Inc is near average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thomas Ministries Inc located?
Thomas Ministries Inc is headquartered in Toledo, Ohio and files with the IRS under EIN 204504795. It is classified under NTEE code X20.
How many years of IRS 990 filings does Thomas Ministries Inc have?
Thomas Ministries Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Thomas Ministries Inc. given its latest $0 revenue and assets?
The latest IRS 990 data indicates no financial activity, suggesting the organization may be dormant, dissolved, or operating under a different structure not reflected in these filings.
How was the organization's leadership compensated during periods of significant revenue (e.g., $696,560 in 2014) if officer compensation was consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings, even with substantial revenues, suggests either an all-volunteer leadership model or that compensation was categorized differently and not reported under 'Officer Comp'.
What caused the apparent cessation of financial activity after 2014, given the consistent operations prior to that?
The provided data does not offer insight into the reasons for the dramatic shift from consistent six-figure revenues to $0 revenue and assets in the latest filing. This would require further investigation into the organization's activities post-2014.
Filing History
IRS 990 filing history for Thomas Ministries Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2008–2014), Thomas Ministries Inc's revenue has grown by 300.3%, moving from $174K to $697K. Total assets decreased by 96.8% over the same period, from $22K to $714. Total functional expenses rose by 356.4%, from $154K to $702K. In its most recent filing year (2014), Thomas Ministries Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $697K | $702K | $714 | $0 | — | View 990 |
| 2013 | $668K | $342K | $6K | $0 | — | View 990 |
| 2012 | $654K | $664K | $561 | $0 | — | View 990 |
| 2011 | $664K | $662K | $10K | $0 | — | View 990 |
| 2010 | $298K | $291K | $1 | $0 | — | View 990 |
| 2009 | $265K | $265K | $9K | $0 | — | View 990 |
| 2008 | $174K | $154K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $697K, expenses of $702K, and assets of $714 (revenue +4.2% year-over-year).
- 2013: Revenue of $668K, expenses of $342K, and assets of $6K (revenue +2.1% year-over-year).
- 2012: Revenue of $654K, expenses of $664K, and assets of $561 (revenue -1.5% year-over-year).
- 2011: Revenue of $664K, expenses of $662K, and assets of $10K (revenue +122.9% year-over-year).
- 2010: Revenue of $298K, expenses of $291K, and assets of $1 (revenue +12.3% year-over-year).
- 2009: Revenue of $265K, expenses of $265K, and assets of $9K (revenue +52.6% year-over-year).
- 2008: Revenue of $174K, expenses of $154K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas Ministries Inc:
Data Sources and Methodology
This transparency report for Thomas Ministries 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.