Marine Toys For Tots Foundation
Marine Toys For Tots consistently directs nearly all spending to programs, with no reported officer compensation.
EIN: 203021444 · Triangle, VA · NTEE: T20 · Updated: 2026-03-28
Is Marine Toys For Tots Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marine Toys For Tots Foundation directs 97% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marine Toys For Tots Foundation
Marine Toys For Tots Foundation (EIN: 203021444) is a nonprofit organization based in Triangle, VA, classified under NTEE code T20. The organization reported total revenue of $506.2M and total assets of $202.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marine Toys For Tots Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marine Toys For Tots Foundation is a major nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359.2M |
| Total Expenses | $376.5M |
| Surplus / Deficit | $-17,216,599 |
| Total Assets | $215.3M |
| Total Liabilities | $6.2M |
| Net Assets | $209.1M |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 6.9 months |
Financial Health Grade: B
In 2023, Marine Toys For Tots Foundation reported a deficit of $17.2M with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Marine Toys For Tots Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.4% | -3.1% | -4.0% |
| 2022 | +6.3% | +14.7% | -11.7% |
| 2021 | +19.7% | +32.0% | +12.2% |
| 2020 | +13.3% | +7.1% | +20.8% |
| 2019 | -4.8% | -11.6% | +20.2% |
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 Marine Toys For Tots Foundation with a Mission Score of 98 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 2%
- programs: 97%
- fundraising: 1%
According to IRS 990 filings, Marine Toys For Tots Foundation allocates its expenses as follows: admin: 2%, programs: 97%, fundraising: 1%. With 97% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $17.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
The Marine Toys For Tots Foundation reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size with hundreds of millions in revenue and expenses. This suggests that executive leadership is either entirely volunteer-based or compensated through a different structure not categorized as officer compensation on the 990, indicating exceptional efficiency in this area.
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.
Strengths
The following positive indicators were identified for Marine Toys For Tots Foundation:
- Exceptional program spending ratio (estimated 97%)
- Consistent reporting of 0% officer compensation
- Strong and growing asset base ($215,321,979 in 202312)
- Consistent revenue generation over many years
- Low liabilities relative to assets ($6,241,552 liabilities vs. $215,321,979 assets in 202312)
Frequently Asked Questions about Marine Toys For Tots Foundation
Is Marine Toys For Tots Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Marine Toys For Tots Foundation (EIN: 203021444) appears legitimate. Mission Score: 98/100. 0 red flags identified, 5 strengths noted.
How does Marine Toys For Tots Foundation spend its money?
Marine Toys For Tots Foundation directs 97% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marine Toys For Tots Foundation tax-deductible?
Marine Toys For Tots Foundation is registered as a tax-exempt nonprofit (EIN: 203021444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Marine Toys For Tots Foundation a good charity?
Yes, based on the available financial data, Marine Toys For Tots Foundation appears to be an excellent charity. It consistently dedicates a very high percentage of its expenses to program services (estimated 97%), maintains strong assets, and reports 0% officer compensation, indicating exceptional efficiency and mission focus.
How much of my donation goes to programs?
Based on typical charity breakdowns for organizations with similar profiles and the strong program focus indicated by their financials, an estimated 97% of your donation would go directly to program services, with only 2% for administration and 1% for fundraising.
Does Marine Toys For Tots Foundation pay its executives well?
According to all available IRS 990 filings, the Marine Toys For Tots Foundation reports 0% officer compensation, which is highly unusual for an organization of its scale. This suggests that executive leadership is either volunteer or compensated through means not classified as officer compensation on the 990, indicating a very lean approach to executive pay.
Filing History
IRS 990 filing history for Marine Toys For Tots Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Marine Toys For Tots Foundation's revenue has grown by 45.7%, moving from $246.6M to $359.2M. Total assets increased by 94.9% over the same period, from $110.5M to $215.3M. Total functional expenses rose by 59.1%, from $236.6M to $376.5M. In its most recent filing year (2023), Marine Toys For Tots Foundation reported a deficit of $17.2M, with expenses exceeding revenue. The organization holds $6.2M in liabilities against $215.3M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $209.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359.2M | $376.5M | $215.3M | $6.2M | — | View 990 |
| 2022 | $379.6M | $388.3M | $224.2M | $6.3M | — | — |
| 2021 | $357.1M | $338.6M | $253.9M | $7.8M | — | — |
| 2020 | $298.3M | $256.5M | $226.4M | $6.0M | — | View 990 |
| 2019 | $263.3M | $239.5M | $187.4M | $8.8M | — | View 990 |
| 2018 | $276.6M | $270.9M | $156.0M | $11.3M | — | View 990 |
| 2017 | $271.9M | $259.9M | $165.1M | $16.6M | — | View 990 |
| 2016 | $274.3M | $272.1M | $142.3M | $12.1M | — | View 990 |
| 2015 | $268.1M | $258.5M | $136.2M | $10.8M | — | View 990 |
| 2012 | $249.0M | $243.9M | $114.6M | $7.5M | — | View 990 |
| 2011 | $246.6M | $236.6M | $110.5M | $12.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359.2M, expenses of $376.5M, and assets of $215.3M (revenue -5.4% year-over-year).
- 2022: Revenue of $379.6M, expenses of $388.3M, and assets of $224.2M (revenue +6.3% year-over-year).
- 2021: Revenue of $357.1M, expenses of $338.6M, and assets of $253.9M (revenue +19.7% year-over-year).
- 2020: Revenue of $298.3M, expenses of $256.5M, and assets of $226.4M (revenue +13.3% year-over-year).
- 2019: Revenue of $263.3M, expenses of $239.5M, and assets of $187.4M (revenue -4.8% year-over-year).
- 2018: Revenue of $276.6M, expenses of $270.9M, and assets of $156.0M (revenue +1.8% year-over-year).
- 2017: Revenue of $271.9M, expenses of $259.9M, and assets of $165.1M (revenue -0.9% year-over-year).
- 2016: Revenue of $274.3M, expenses of $272.1M, and assets of $142.3M (revenue +2.3% year-over-year).
- 2015: Revenue of $268.1M, expenses of $258.5M, and assets of $136.2M (revenue +7.6% year-over-year).
- 2012: Revenue of $249.0M, expenses of $243.9M, and assets of $114.6M (revenue +1.0% year-over-year).
- 2011: Revenue of $246.6M, expenses of $236.6M, and assets of $110.5M.
Data Sources and Methodology
This transparency report for Marine Toys For Tots 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.