Thunder Inc
Thunder Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 203940477 · Collierville, TN · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $455K |
| Total Expenses | $380K |
| Program Spending | 85% |
| Net Assets | $251K |
| Transparency Score | 90/100 |
Is Thunder Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thunder Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thunder Inc
Thunder Inc (EIN: 203940477) is a nonprofit organization based in Collierville, TN, classified under NTEE code N67. The organization reported total revenue of $455K and total assets of $296K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thunder Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thunder Inc is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $499K |
| Total Expenses | $380K |
| Surplus / Deficit | +$119K |
| Total Assets | $253K |
| Total Liabilities | $3K |
| Net Assets | $251K |
| Operating Margin | 23.9% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2023, Thunder Inc reported a surplus of $119K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thunder Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | +17.3% | +85.4% |
| 2022 | +2.0% | -1.6% | +100.8% |
| 2021 | +85.8% | +11.3% | +8.2% |
| 2020 | -44.1% | -25.6% | -37.1% |
| 2019 | +0.3% | -4.3% | -25.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Thunder Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Thunder Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Thunder Inc has consistently reported 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which significantly reduces administrative overhead and maximizes funds available for programmatic activities.
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.
Strengths
The following positive indicators were identified for Thunder Inc:
- Consistent revenue growth, reaching $499,265 in 2023.
- Significant asset accumulation, growing from $62,852 in 2020 to $253,169 in 2023.
- No reported officer compensation across all filings, indicating high efficiency and dedication to mission.
- Operating with a financial surplus in the last four fiscal periods, demonstrating sound financial management.
- Low liabilities relative to assets, indicating strong financial health and low debt burden.
Frequently Asked Questions about Thunder Inc
Is Thunder Inc a legitimate charity?
Thunder Inc (EIN: 203940477) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $455K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Thunder Inc spend its money?
Thunder Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Thunder Inc tax-deductible?
Thunder Inc is registered as a tax-exempt nonprofit (EIN: 203940477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Thunder Inc's spending goes to programs?
Thunder Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thunder Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Thunder Inc is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thunder Inc located?
Thunder Inc is headquartered in Collierville, Tennessee and files with the IRS under EIN 203940477. It is classified under NTEE code N67.
How many years of IRS 990 filings does Thunder Inc have?
Thunder Inc has 13 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 $455K in total revenue.
Is Thunder Inc financially stable?
Yes, Thunder Inc appears financially stable. They have consistently grown their assets from $62,852 in 2020 to $253,169 in 2023 and have operated with a surplus in the last four fiscal periods, including a $119,416 surplus in 2023.
How has Thunder Inc's revenue trended?
Thunder Inc's revenue has shown a positive trend in recent years, increasing from $207,329 in 2020 to $499,265 in 2023, indicating strong fundraising or operational growth.
Does Thunder Inc pay its executives?
Based on the provided IRS 990 data, Thunder Inc has reported 0% officer compensation across all 13 filings, suggesting no salaries are paid to its executives.
What is Thunder Inc's asset growth like?
Thunder Inc has demonstrated significant asset growth, increasing from $62,852 in 2020 to $253,169 in 2023, which is a substantial increase in financial resources.
Filing History
IRS 990 filing history for Thunder Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thunder Inc's revenue has grown by 111.8%, moving from $236K to $499K. Total assets increased by 274.1% over the same period, from $68K to $253K. Total functional expenses rose by 64.3%, from $231K to $380K. In its most recent filing year (2023), Thunder Inc reported a surplus of $119K, with revenue exceeding expenses. The organization holds $3K in liabilities against $253K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $251K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $499K | $380K | $253K | $3K | — | — |
| 2022 | $393K | $324K | $137K | $3K | — | View 990 |
| 2021 | $385K | $329K | $68K | $4K | — | View 990 |
| 2020 | $207K | $296K | $63K | $55K | — | View 990 |
| 2019 | $371K | $398K | $100K | $4K | — | View 990 |
| 2018 | $370K | $416K | $134K | $12K | — | View 990 |
| 2017 | $455K | $416K | $170K | $2K | — | View 990 |
| 2016 | $373K | $366K | $133K | $4K | — | View 990 |
| 2015 | $347K | $385K | $129K | $7K | — | View 990 |
| 2014 | $397K | $354K | $170K | $10K | — | View 990 |
| 2013 | $329K | $300K | $129K | $12K | — | View 990 |
| 2012 | $286K | $259K | $97K | $8K | — | View 990 |
| 2011 | $236K | $231K | $68K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $499K, expenses of $380K, and assets of $253K (revenue +27.1% year-over-year).
- 2022: Revenue of $393K, expenses of $324K, and assets of $137K (revenue +2.0% year-over-year).
- 2021: Revenue of $385K, expenses of $329K, and assets of $68K (revenue +85.8% year-over-year).
- 2020: Revenue of $207K, expenses of $296K, and assets of $63K (revenue -44.1% year-over-year).
- 2019: Revenue of $371K, expenses of $398K, and assets of $100K (revenue +0.3% year-over-year).
- 2018: Revenue of $370K, expenses of $416K, and assets of $134K (revenue -18.6% year-over-year).
- 2017: Revenue of $455K, expenses of $416K, and assets of $170K (revenue +22.1% year-over-year).
- 2016: Revenue of $373K, expenses of $366K, and assets of $133K (revenue +7.4% year-over-year).
- 2015: Revenue of $347K, expenses of $385K, and assets of $129K (revenue -12.6% year-over-year).
- 2014: Revenue of $397K, expenses of $354K, and assets of $170K (revenue +20.7% year-over-year).
- 2013: Revenue of $329K, expenses of $300K, and assets of $129K (revenue +14.8% year-over-year).
- 2012: Revenue of $286K, expenses of $259K, and assets of $97K (revenue +21.5% year-over-year).
- 2011: Revenue of $236K, expenses of $231K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thunder Inc:
Data Sources and Methodology
This transparency report for Thunder 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.