Tom And Joan Williams Charitable Foundation Inc
Tom And Joan Williams Charitable Foundation Inc. faces significant financial challenges with consistent deficit spending and declining assets.
EIN: 204083462 · Birmingham, AL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $5K |
| Program Spending | 70% |
| Net Assets | $192 |
| Transparency Score | 30/100 |
Is Tom And Joan Williams Charitable Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tom And Joan Williams Charitable Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Tom And Joan Williams Charitable Foundation Inc
Tom And Joan Williams Charitable Foundation Inc (EIN: 204083462) is a nonprofit organization based in Birmingham, AL, classified under NTEE code T20. The organization reported total revenue of $2K and total assets of $956 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tom And Joan Williams Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tom And Joan Williams Charitable Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -44.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16 |
| Total Expenses | $5K |
| Surplus / Deficit | $-4,513 |
| Total Assets | $193 |
| Total Liabilities | $1 |
| Net Assets | $192 |
| Operating Margin | -28206.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2023, Tom And Joan Williams Charitable Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Tom And Joan Williams Charitable Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -44.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | -81.6% | -95.9% |
| 2022 | -100.0% | -18.7% | -83.9% |
| 2021 | +172327.6% | +41.2% | +208.0% |
| 2020 | -86.1% | +10.0% | -69.2% |
| 2019 | +11.2% | -58.7% | -80.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Tom And Joan Williams Charitable Foundation Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Tom And Joan Williams Charitable Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing administrative overhead.
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 Tom And Joan Williams Charitable Foundation Inc's IRS 990 filings:
- Consistent and significant deficit spending (e.g., $16 revenue vs. $4,529 expenses in 2023).
- Rapid and substantial decline in total assets over time (from $208,533 in 2014 to $193 in 2023).
- Extremely low revenue generation in recent years, making operations unsustainable without asset depletion.
Strengths
The following positive indicators were identified for Tom And Joan Williams Charitable Foundation Inc:
- Reports 0% officer compensation, indicating no executive salaries or benefits.
- Consistently low liabilities ($1 in recent years), suggesting minimal debt burden.
Frequently Asked Questions about Tom And Joan Williams Charitable Foundation Inc
Is Tom And Joan Williams Charitable Foundation Inc a legitimate charity?
Tom And Joan Williams Charitable Foundation Inc (EIN: 204083462) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 30/100. It has 10 years of IRS 990 filings on record. Total revenue: $2K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Tom And Joan Williams Charitable Foundation Inc spend its money?
Tom And Joan Williams Charitable Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Tom And Joan Williams Charitable Foundation Inc tax-deductible?
Tom And Joan Williams Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204083462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tom And Joan Williams Charitable Foundation Inc's spending goes to programs?
Tom And Joan Williams Charitable Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Tom And Joan Williams Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Tom And Joan Williams Charitable Foundation Inc is below average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tom And Joan Williams Charitable Foundation Inc located?
Tom And Joan Williams Charitable Foundation Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 204083462. It is classified under NTEE code T20.
How many years of IRS 990 filings does Tom And Joan Williams Charitable Foundation Inc have?
Tom And Joan Williams Charitable Foundation Inc has 10 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 $2K in total revenue.
Is Tom And Joan Williams Charitable Foundation Inc. financially sustainable?
Based on the provided data, the foundation's financial sustainability is highly questionable. It consistently spends significantly more than its revenue, leading to a rapid decline in assets (e.g., $16 revenue vs. $4,529 expenses in 2023; $15 revenue vs. $24,587 expenses in 2022).
What caused the significant decline in assets from $208,533 in 2014 to $193 in 2023?
The decline in assets is primarily due to the foundation's consistent pattern of expenses far exceeding its revenue over multiple years, effectively drawing down its principal to cover operational costs and grants.
How does the foundation fund its operations with such low revenue?
The foundation appears to be funding its operations and any charitable distributions by liquidating its existing assets, as evidenced by the substantial decrease in total assets over the past decade while expenses continue.
Filing History
IRS 990 filing history for Tom And Joan Williams Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tom And Joan Williams Charitable Foundation Inc's revenue has declined by 99.9%, moving from $18K to $16. Total assets decreased by 99.8% over the same period, from $87K to $193. Total functional expenses fell by 91%, from $50K to $5K. In its most recent filing year (2023), Tom And Joan Williams Charitable Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $193 in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $192.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16 | $5K | $193 | $1 | — | — |
| 2022 | $15 | $25K | $5K | $1 | — | — |
| 2021 | $50K | $30K | $29K | $1 | — | — |
| 2020 | $29 | $21K | $10K | $1 | — | — |
| 2019 | $208 | $19K | $31K | $1 | — | View 990 |
| 2015 | $187 | $47K | $162K | $0 | — | View 990 |
| 2014 | $200K | $33K | $209K | $0 | — | View 990 |
| 2013 | $26K | $26K | $68K | $0 | — | View 990 |
| 2012 | $217 | $19K | $68K | $0 | — | View 990 |
| 2011 | $18K | $50K | $87K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16, expenses of $5K, and assets of $193 (revenue +6.7% year-over-year).
- 2022: Revenue of $15, expenses of $25K, and assets of $5K (revenue -100.0% year-over-year).
- 2021: Revenue of $50K, expenses of $30K, and assets of $29K (revenue +172327.6% year-over-year).
- 2020: Revenue of $29, expenses of $21K, and assets of $10K (revenue -86.1% year-over-year).
- 2019: Revenue of $208, expenses of $19K, and assets of $31K (revenue +11.2% year-over-year).
- 2015: Revenue of $187, expenses of $47K, and assets of $162K (revenue -99.9% year-over-year).
- 2014: Revenue of $200K, expenses of $33K, and assets of $209K (revenue +659.8% year-over-year).
- 2013: Revenue of $26K, expenses of $26K, and assets of $68K (revenue +12032.7% year-over-year).
- 2012: Revenue of $217, expenses of $19K, and assets of $68K (revenue -98.8% year-over-year).
- 2011: Revenue of $18K, expenses of $50K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tom And Joan Williams Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Tom And Joan Williams Charitable Foundation 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.