Toomeys Kids Inc
Toomeys Kids Inc shows fluctuating revenues and expenses with declining assets, but maintains zero liabilities and no officer compensation.
EIN: 208693880 · Murrells Inlt, SC · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24K |
| Total Expenses | $5K |
| Program Spending | 85% |
| Net Assets | $44K |
| Transparency Score | 75/100 |
Is Toomeys Kids Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Toomeys Kids Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Toomeys Kids Inc
Toomeys Kids Inc (EIN: 208693880) is a nonprofit organization based in Murrells Inlt, SC, classified under NTEE code B28. The organization reported total revenue of $24K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Toomeys Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Toomeys Kids Inc is a micro nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $5K |
| Surplus / Deficit | +$4K |
| Total Assets | $44K |
| Net Assets | $44K |
| Operating Margin | 44.4% |
| Months of Reserves | 105.9 months |
Financial Health Grade: A
In 2024, Toomeys Kids Inc reported a surplus of $4K with revenue exceeding expenses, holds 105.9 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2024), Toomeys Kids Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -100.0% | +0.0% |
| 2020 | -5.3% | +29.1% | -20.1% |
| 2019 | -7.5% | -25.2% | -4.3% |
| 2018 | -27.4% | +6.4% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Toomeys Kids Inc with a Mission Score of 75 out of 100 (Good). 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, Toomeys Kids 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 11 filings, indicating that no officers or directors receive salaries from the organization, which is highly commendable for a nonprofit of its size.
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 Toomeys Kids Inc's IRS 990 filings:
- General decline in total assets over the past decade, from $62,316 in 201306 to $41,979 currently.
- Inconsistent revenue generation and periods of operating deficits (e.g., 202006, 201906, 201806) which could impact long-term sustainability.
Strengths
The following positive indicators were identified for Toomeys Kids Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high dedication of funds to mission.
- Zero reported liabilities in all 11 filings, demonstrating strong financial solvency and responsible debt management.
- Regular and consistent filing of IRS 990 forms over 11 periods, indicating good transparency and compliance.
- Positive net income in the most recent filing (202406: $9,000 revenue vs. $5,000 expenses).
Frequently Asked Questions about Toomeys Kids Inc
Is Toomeys Kids Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Toomeys Kids Inc (EIN: 208693880) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Toomeys Kids Inc spend its money?
Toomeys Kids Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Toomeys Kids Inc tax-deductible?
Toomeys Kids Inc is registered as a tax-exempt nonprofit (EIN: 208693880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Toomeys Kids Inc's spending goes to programs?
Toomeys Kids Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Toomeys Kids Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Toomeys Kids Inc is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Toomeys Kids Inc located?
Toomeys Kids Inc is headquartered in Murrells Inlt, South Carolina and files with the IRS under EIN 208693880. It is classified under NTEE code B28.
How many years of IRS 990 filings does Toomeys Kids Inc have?
Toomeys Kids Inc has 11 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 $24K in total revenue.
Is Toomeys Kids Inc a good charity?
Toomeys Kids Inc exhibits several positive traits, such as consistent IRS 990 filings, zero liabilities, and no officer compensation, which are strong indicators of transparency and responsible financial management. However, its fluctuating revenue and expenses, along with a general decline in assets over time, suggest potential operational inconsistencies or challenges in maintaining consistent funding. A 'good' charity depends on individual donor priorities, but its commitment to no executive pay is a significant positive.
What is the trend in Toomeys Kids Inc's financial health?
The organization's financial health shows a trend of declining assets, from $62,316 in 201306 to $41,979 currently. While it consistently maintains zero liabilities, its revenue and expenses have fluctuated, with some periods showing deficits (e.g., 202006, 201906, 201806) and others showing surpluses (e.g., 202406, 201706). This indicates a somewhat inconsistent financial performance over the long term.
How does Toomeys Kids Inc manage its liabilities?
Toomeys Kids Inc has consistently reported $0 in liabilities across all 11 IRS 990 filings. This indicates excellent financial management regarding debt and obligations, suggesting the organization operates within its means and avoids accumulating debt.
Filing History
IRS 990 filing history for Toomeys Kids Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Toomeys Kids Inc's revenue has declined by 77.7%, moving from $40K to $9K. Total assets decreased by 32.9% over the same period, from $66K to $44K. Total functional expenses fell by 81%, from $26K to $5K. In its most recent filing year (2024), Toomeys Kids Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $9K | $5K | $44K | $0 | — | — |
| 2022 | $0 | $0 | $40K | $0 | — | View 990 |
| 2020 | $25K | $36K | $40K | $0 | — | View 990 |
| 2019 | $27K | $28K | $50K | $0 | — | View 990 |
| 2018 | $29K | $37K | $52K | $0 | — | — |
| 2017 | $40K | $35K | $59K | $0 | — | View 990 |
| 2016 | $37K | $40K | $54K | $0 | — | View 990 |
| 2015 | $29K | $30K | $56K | $0 | — | View 990 |
| 2014 | $30K | $34K | $58K | $0 | — | View 990 |
| 2013 | $23K | $26K | $62K | $0 | — | View 990 |
| 2012 | $40K | $26K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $9K, expenses of $5K, and assets of $44K.
- 2022: Revenue of $0, expenses of $0, and assets of $40K (revenue -100.0% year-over-year).
- 2020: Revenue of $25K, expenses of $36K, and assets of $40K (revenue -5.3% year-over-year).
- 2019: Revenue of $27K, expenses of $28K, and assets of $50K (revenue -7.5% year-over-year).
- 2018: Revenue of $29K, expenses of $37K, and assets of $52K (revenue -27.4% year-over-year).
- 2017: Revenue of $40K, expenses of $35K, and assets of $59K (revenue +7.5% year-over-year).
- 2016: Revenue of $37K, expenses of $40K, and assets of $54K (revenue +30.0% year-over-year).
- 2015: Revenue of $29K, expenses of $30K, and assets of $56K (revenue -3.9% year-over-year).
- 2014: Revenue of $30K, expenses of $34K, and assets of $58K (revenue +32.5% year-over-year).
- 2013: Revenue of $23K, expenses of $26K, and assets of $62K (revenue -44.3% year-over-year).
- 2012: Revenue of $40K, expenses of $26K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Toomeys Kids Inc:
Data Sources and Methodology
This transparency report for Toomeys Kids 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.