Thy Bread Foundation
EIN: 871974977 · Metter, GA · NTEE: Q30
Is Thy Bread Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thy Bread Foundation
Thy Bread Foundation (EIN: 871974977) is a nonprofit organization based in Metter, GA, classified under NTEE code Q30. The organization reported total revenue of $376K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thy Bread Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thy Bread Foundation is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 85.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $696K |
| Total Expenses | $757K |
| Surplus / Deficit | $-61,128 |
| Total Assets | $194K |
| Net Assets | $194K |
| Operating Margin | -8.8% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Thy Bread Foundation reported a deficit of $61K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2021–2023), Thy Bread Foundation's revenue has grown at a compound annual growth rate (CAGR) of 85.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +68.0% | +133.8% | -23.9% |
| 2022 | +105.4% | +788.5% | +45.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1378 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thy Bread 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 Thy Bread 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 deficit of $61K, with expenses exceeding revenue.
Frequently Asked Questions about Thy Bread Foundation
Is Thy Bread Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Thy Bread Foundation (EIN: 871974977) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thy Bread Foundation spend its money?
Detailed spending breakdown data is not yet available for Thy Bread Foundation. Check back for updated IRS 990 analysis.
Are donations to Thy Bread Foundation tax-deductible?
Thy Bread Foundation is registered as a tax-exempt nonprofit (EIN: 871974977). 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 Thy Bread Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Thy Bread Foundation's revenue has grown by 245.2%, moving from $202K to $696K. Total assets increased by 10.9% over the same period, from $175K to $194K. Total functional expenses rose by 1977%, from $36K to $757K. In its most recent filing year (2023), Thy Bread Foundation reported a deficit of $61K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $696K | $757K | $194K | $0 | — | — |
| 2022 | $414K | $324K | $255K | $0 | — | — |
| 2021 | $202K | $36K | $175K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $696K, expenses of $757K, and assets of $194K (revenue +68.0% year-over-year).
- 2022: Revenue of $414K, expenses of $324K, and assets of $255K (revenue +105.4% year-over-year).
- 2021: Revenue of $202K, expenses of $36K, and assets of $175K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thy Bread Foundation:
Data Sources and Methodology
This transparency report for Thy Bread 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.