Theo B Bean Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Theo B Bean Foundation Inc is a 501(c)(3) organization based in Atlanta, Georgia, registered in 1992, with $96,372 in FY2024 revenue. CharityIndex grades it D.
3516 Paces Pl Nw, Atlanta, GA, 30327 EIN 58-1922435 Since 1992
Revenue (FY2024)
$96K
▲ 67.0% vs prior year
Expenses (FY2024)
$120K
Net assets
$989K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Theo B Bean Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating98 mo reserves · -25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Theo B Bean Foundation Inc: 98 mo reserves · -25% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Theo B Bean Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Theo B Bean Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $103K (FY2017) to $96K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $989K
Operating margin
-25.0%
Spent more than it raised in the latest fiscal year.
Total assets
$989K
Total liabilities
$0
Net assets
$989K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $96,372▲67.0% | $120,498▼13.6% | $988,637▼2.4% | $988,637▼2.4% | 990PF |
| 2023 | $57,704▼70.1% | $139,466▼2.1% | $1,012,763▼7.4% | $1,012,763▼7.4% | 990PF |
| 2022 | $193,255▲32.9% | $142,403▲6.3% | $1,094,219▲4.4% | $1,094,219▲4.4% | 990PF |
| 2021 | $145,451▲19.5% | $133,956▲15.2% | $1,048,172▲0.6% | $1,048,172▲0.6% | 990PF |
| 2020 | $121,685▼49.8% | $116,265▲2.2% | $1,042,143▼5.7% | $1,042,143▼5.7% | 990PF |
| 2019 | $242,586▲321% | $113,721▲17.7% | $1,104,918▲13.1% | $1,104,918▲13.1% | 990PF |
| 2018 | $57,624▼43.8% | $96,625▲2.5% | $977,107▼3.8% | $977,107▼3.8% | 990PF |
| 2017 | $102,604 | $94,267 | $1,016,108 | $1,016,108 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Theo B Bean Foundation Inc a legitimate nonprofit?
- Yes. Theo B Bean Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1922435, based in Atlanta, Georgia. Donations are tax-deductible.
- What is Theo B Bean Foundation Inc's EIN?
- Theo B Bean Foundation Inc's Employer Identification Number (EIN) is 58-1922435.
- How much revenue does Theo B Bean Foundation Inc report?
- Theo B Bean Foundation Inc reported $96,372 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Theo B Bean Foundation Inc have?
- CharityIndex grades Theo B Bean Foundation Inc D, based on financial health (reserves and operating margin).
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Data for Theo B Bean Foundation Inc (EIN 58-1922435) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.