Tumaini Ventures Inc
EIN: 264182208 · Portland, OR · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $57K |
| Total Expenses | $53K |
| Net Assets | $88K |
Is Tumaini Ventures Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tumaini Ventures Inc
Tumaini Ventures Inc (EIN: 264182208) is a nonprofit organization based in Portland, OR, classified under NTEE code Q33. The organization reported total revenue of $57K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tumaini Ventures Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tumaini Ventures Inc is a micro nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $53K |
| Surplus / Deficit | +$16K |
| Total Assets | $92K |
| Total Liabilities | $4K |
| Net Assets | $88K |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 20.9 months |
Financial Health Grade: A
In 2023, Tumaini Ventures Inc reported a surplus of $16K with revenue exceeding expenses, holds 20.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 7 years of filings (2010–2023), Tumaini Ventures Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | -23.2% | +9.7% |
| 2022 | +7.2% | +42.6% | +35.8% |
| 2021 | +14.5% | +1.8% | +0.0% |
| 2020 | -34.5% | +14.4% | +11.1% |
| 2019 | +7525.2% | +3762.9% | +5582200.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tumaini Ventures Inc 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 Tumaini Ventures Inc 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 $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Frequently Asked Questions about Tumaini Ventures Inc
Is Tumaini Ventures Inc a legitimate charity?
Tumaini Ventures Inc (EIN: 264182208) is a registered tax-exempt nonprofit based in Oregon. It has 7 years of IRS 990 filings on record. Total revenue: $57K. No red flags identified. Financial health grade: A.
How does Tumaini Ventures Inc spend its money?
Tumaini Ventures Inc reported $57K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tumaini Ventures Inc tax-deductible?
Tumaini Ventures Inc is registered as a tax-exempt nonprofit (EIN: 264182208). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tumaini Ventures Inc located?
Tumaini Ventures Inc is headquartered in Portland, Oregon and files with the IRS under EIN 264182208. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Tumaini Ventures Inc have?
Tumaini Ventures Inc has 7 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 $57K in total revenue.
Filing History
IRS 990 filing history for Tumaini Ventures Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2023), Tumaini Ventures Inc's revenue has grown by 933.9%, moving from $7K to $69K. Total assets increased by 9238500% over the same period, from $1 to $92K. Total functional expenses rose by 691.3%, from $7K to $53K. In its most recent filing year (2023), Tumaini Ventures Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $4K in liabilities against $92K in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $88K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $53K | $92K | $4K | — | — |
| 2022 | $66K | $69K | $84K | $12K | — | View 990 |
| 2021 | $62K | $48K | $62K | $142 | — | — |
| 2020 | $54K | $48K | $62K | $142 | — | View 990 |
| 2019 | $82K | $42K | $56K | $142 | — | View 990 |
| 2011 | $1K | $1K | $1 | $0 | — | View 990 |
| 2010 | $7K | $7K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $53K, and assets of $92K (revenue +5.0% year-over-year).
- 2022: Revenue of $66K, expenses of $69K, and assets of $84K (revenue +7.2% year-over-year).
- 2021: Revenue of $62K, expenses of $48K, and assets of $62K (revenue +14.5% year-over-year).
- 2020: Revenue of $54K, expenses of $48K, and assets of $62K (revenue -34.5% year-over-year).
- 2019: Revenue of $82K, expenses of $42K, and assets of $56K (revenue +7525.2% year-over-year).
- 2011: Revenue of $1K, expenses of $1K, and assets of $1 (revenue -83.9% year-over-year).
- 2010: Revenue of $7K, expenses of $7K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tumaini Ventures Inc:
Data Sources and Methodology
This transparency report for Tumaini Ventures 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.