Herbert L And Nancy M Townsend Foundation
EIN: 472479056 · Wilton, IA · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $1.4M |
| Net Assets | $21.4M |
Is Herbert L And Nancy M Townsend Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Herbert L And Nancy M Townsend Foundation
Herbert L And Nancy M Townsend Foundation (EIN: 472479056) is a nonprofit organization based in Wilton, IA, classified under NTEE code T20. The organization reported total revenue of $3.0M and total assets of $21.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Herbert L And Nancy M Townsend Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Herbert L And Nancy M Townsend Foundation is a mid-size nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 30.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-319,155 |
| Total Assets | $21.4M |
| Total Liabilities | $1 |
| Net Assets | $21.4M |
| Operating Margin | -30.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 189.6 months |
Financial Health Grade: B
In 2023, Herbert L And Nancy M Townsend Foundation reported a deficit of $319K with expenses exceeding revenue, holds 189.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 7 years of filings (2014–2023), Herbert L And Nancy M Townsend Foundation's revenue has grown at a compound annual growth rate (CAGR) of 30.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.6% | -5.0% | -1.5% |
| 2022 | -20.3% | +18.6% | -2.9% |
| 2021 | +38.9% | -1.2% | -1.0% |
| 2020 | +6.4% | +4.0% | -2.2% |
| 2019 | -69.4% | +10620.6% | +931.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Herbert L And Nancy M Townsend 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 Herbert L And Nancy M Townsend 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 $319K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Herbert L And Nancy M Townsend Foundation
Is Herbert L And Nancy M Townsend Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Herbert L And Nancy M Townsend Foundation (EIN: 472479056) insufficient data. 0 red flags identified, 0 strengths noted.
How does Herbert L And Nancy M Townsend Foundation spend its money?
Detailed spending breakdown data is not yet available for Herbert L And Nancy M Townsend Foundation. Check back for updated IRS 990 analysis.
Are donations to Herbert L And Nancy M Townsend Foundation tax-deductible?
Herbert L And Nancy M Townsend Foundation is registered as a tax-exempt nonprofit (EIN: 472479056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Herbert L And Nancy M Townsend Foundation located?
Herbert L And Nancy M Townsend Foundation is headquartered in Wilton, Iowa and files with the IRS under EIN 472479056. It is classified under NTEE code T20.
How many years of IRS 990 filings does Herbert L And Nancy M Townsend Foundation have?
Herbert L And Nancy M Townsend Foundation 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 $3.0M in total revenue.
Filing History
IRS 990 filing history for Herbert L And Nancy M Townsend Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2023), Herbert L And Nancy M Townsend Foundation's revenue has grown by 981.6%, moving from $96K to $1.0M. Total assets increased by 22243.3% over the same period, from $96K to $21.4M. In its most recent filing year (2023), Herbert L And Nancy M Townsend Foundation reported a deficit of $319K, with expenses exceeding revenue. The organization holds $1 in liabilities against $21.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $21.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.4M | $21.4M | $1 | — | View 990 |
| 2022 | $777K | $1.4M | $21.8M | $1 | — | View 990 |
| 2021 | $975K | $1.2M | $22.4M | $1 | — | View 990 |
| 2020 | $702K | $1.2M | $22.6M | $1 | — | — |
| 2019 | $660K | $1.2M | $23.2M | $1 | — | View 990 |
| 2015 | $2.2M | $11K | $2.2M | $1 | — | View 990 |
| 2014 | $96K | $0 | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.4M, and assets of $21.4M (revenue +33.6% year-over-year).
- 2022: Revenue of $777K, expenses of $1.4M, and assets of $21.8M (revenue -20.3% year-over-year).
- 2021: Revenue of $975K, expenses of $1.2M, and assets of $22.4M (revenue +38.9% year-over-year).
- 2020: Revenue of $702K, expenses of $1.2M, and assets of $22.6M (revenue +6.4% year-over-year).
- 2019: Revenue of $660K, expenses of $1.2M, and assets of $23.2M (revenue -69.4% year-over-year).
- 2015: Revenue of $2.2M, expenses of $11K, and assets of $2.2M (revenue +2150.1% year-over-year).
- 2014: Revenue of $96K, expenses of $0, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Herbert L And Nancy M Townsend Foundation:
Data Sources and Methodology
This transparency report for Herbert L And Nancy M Townsend 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.