Thut Family Foundation
EIN: 842051553 · Orrville, OH · NTEE: T99
Is Thut Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thut Family Foundation
Thut Family Foundation (EIN: 842051553) is a nonprofit organization based in Orrville, OH, classified under NTEE code T99. The organization reported total revenue of $5.6M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thut Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thut Family Foundation is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 35.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $331K |
| Surplus / Deficit | +$2.2M |
| Total Assets | $6.6M |
| Total Liabilities | $1 |
| Net Assets | $6.6M |
| Operating Margin | 87.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 240.3 months |
Financial Health Grade: A
In 2023, Thut Family Foundation reported a surplus of $2.2M with revenue exceeding expenses, holds 240.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Thut Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 35.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.0% | +77.1% | +31.8% |
| 2022 | -18.9% | +144.0% | +51.3% |
| 2021 | +1826.7% | +849.5% | +237.0% |
| 2020 | -70.1% | — | +28.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thut Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thut Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Thut Family Foundation
Is Thut Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thut Family Foundation (EIN: 842051553) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thut Family Foundation spend its money?
Detailed spending breakdown data is not yet available for Thut Family Foundation. Check back for updated IRS 990 analysis.
Are donations to Thut Family Foundation tax-deductible?
Thut Family Foundation is registered as a tax-exempt nonprofit (EIN: 842051553). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Thut Family Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Thut Family Foundation's revenue has grown by 236.7%, moving from $764K to $2.6M. Total assets increased by 766.4% over the same period, from $764K to $6.6M. In its most recent filing year (2023), Thut Family Foundation reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $6.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $331K | $6.6M | $1 | — | — |
| 2022 | $3.6M | $187K | $5.0M | $1 | — | View 990 |
| 2021 | $4.4M | $77K | $3.3M | $1 | — | — |
| 2020 | $229K | $8K | $985K | $1 | — | — |
| 2019 | $764K | $0 | $764K | $1 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $331K, and assets of $6.6M (revenue -28.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $187K, and assets of $5.0M (revenue -18.9% year-over-year).
- 2021: Revenue of $4.4M, expenses of $77K, and assets of $3.3M (revenue +1826.7% year-over-year).
- 2020: Revenue of $229K, expenses of $8K, and assets of $985K (revenue -70.1% year-over-year).
- 2019: Revenue of $764K, expenses of $0, and assets of $764K.
Data Sources and Methodology
This transparency report for Thut Family Foundation 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.