National Life Group Charitable Foundation Inc
National Life Group Charitable Foundation maintains strong asset growth with zero executive compensation.
EIN: 204818866 · Montpelier, VT · NTEE: T200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $27 |
| Net Assets | $24.0M |
| Transparency Score | 92/100 |
Is National Life Group Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Life Group Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Life Group Charitable Foundation Inc
National Life Group Charitable Foundation Inc (EIN: 204818866) is a nonprofit organization based in Montpelier, VT, classified under NTEE code T200. The organization reported total revenue of $3.5M and total assets of $27.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Life Group Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Life Group Charitable Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$708K |
| Total Assets | $24.1M |
| Total Liabilities | $53K |
| Net Assets | $24.0M |
| Operating Margin | 18.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 94.4 months |
Financial Health Grade: A
In 2023, National Life Group Charitable Foundation Inc reported a surplus of $708K with revenue exceeding expenses, holds 94.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), National Life Group Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +53.6% | +12.1% |
| 2022 | -84.6% | +6.8% | +5.5% |
| 2021 | +2001000.4% | -5.4% | +826.4% |
| 2020 | -100.0% | -3.0% | -47.3% |
| 2019 | +645.7% | +169.2% | +404.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 National Life Group Charitable Foundation Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, National Life Group Charitable Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $708K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization of its size with assets exceeding $27 million.
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 National Life Group Charitable Foundation Inc's IRS 990 filings:
- Significant year-to-year revenue volatility, making future income less predictable.
Strengths
The following positive indicators were identified for National Life Group Charitable Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Substantial and consistent growth in assets, from $1.07 million in 2011 to $27.37 million currently.
- Low liabilities across most filing periods, demonstrating sound financial management.
- Strong revenue generation, with recent years showing over $3 million annually.
- Long filing history (10 filings) indicating sustained operation and transparency.
Frequently Asked Questions about National Life Group Charitable Foundation Inc
Is National Life Group Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, National Life Group Charitable Foundation Inc (EIN: 204818866) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does National Life Group Charitable Foundation Inc spend its money?
National Life Group Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Life Group Charitable Foundation Inc tax-deductible?
National Life Group Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204818866). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the National Life Group Charitable Foundation Inc CEO make?
National Life Group Charitable Foundation Inc's highest-compensated officer earns $27 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of National Life Group Charitable Foundation Inc's spending goes to programs?
National Life Group Charitable Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Life Group Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), National Life Group Charitable Foundation Inc is above average for NTEE category T200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Life Group Charitable Foundation Inc located?
National Life Group Charitable Foundation Inc is headquartered in Montpelier, Vermont and files with the IRS under EIN 204818866. It is classified under NTEE code T200.
How many years of IRS 990 filings does National Life Group Charitable Foundation Inc have?
National Life Group Charitable Foundation Inc has 10 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 $3.5M in total revenue.
Is National Life Group Charitable Foundation Inc a good charity?
Based on the provided data, the National Life Group Charitable Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, no executive compensation, and consistent charitable expenditures relative to its revenue.
How has the foundation's asset base changed over time?
The foundation's assets have grown substantially, from $1.07 million in 2011 to $27.37 million currently, indicating strong financial management and accumulation of resources for its charitable mission.
What is the trend in the foundation's revenue?
The foundation's revenue has shown significant fluctuations, with notable spikes such as $20 million in 2021 and $6 million in 2019, but generally maintains a strong base, most recently $3.76 million in 2023.
Does the foundation have high administrative costs?
The provided data does not detail specific administrative costs, but the absence of officer compensation suggests a lean operational structure, which typically correlates with lower administrative overhead.
Filing History
IRS 990 filing history for National Life Group Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), National Life Group Charitable Foundation Inc's revenue has grown by 153.8%, moving from $1.5M to $3.8M. Total assets increased by 2138.1% over the same period, from $1.1M to $24.1M. Total functional expenses rose by 572.1%, from $455K to $3.1M. In its most recent filing year (2023), National Life Group Charitable Foundation Inc reported a surplus of $708K, with revenue exceeding expenses. The organization holds $53K in liabilities against $24.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $24.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $3.1M | $24.1M | $53K | — | — |
| 2022 | $3.1M | $2.0M | $21.5M | $20K | — | View 990 |
| 2021 | $20.0M | $1.9M | $20.3M | $1 | — | — |
| 2020 | $1K | $2.0M | $2.2M | $1 | — | — |
| 2019 | $6.0M | $2.0M | $4.2M | $1K | — | View 990 |
| 2015 | $810K | $755K | $826K | $0 | — | View 990 |
| 2014 | $1.1M | $499K | $771K | $173 | — | View 990 |
| 2013 | $13 | $501K | $224K | $6K | — | View 990 |
| 2012 | $28 | $328K | $723K | $4K | — | View 990 |
| 2011 | $1.5M | $455K | $1.1M | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $3.1M, and assets of $24.1M (revenue +22.2% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.0M, and assets of $21.5M (revenue -84.6% year-over-year).
- 2021: Revenue of $20.0M, expenses of $1.9M, and assets of $20.3M (revenue +2001000.4% year-over-year).
- 2020: Revenue of $1K, expenses of $2.0M, and assets of $2.2M (revenue -100.0% year-over-year).
- 2019: Revenue of $6.0M, expenses of $2.0M, and assets of $4.2M (revenue +645.7% year-over-year).
- 2015: Revenue of $810K, expenses of $755K, and assets of $826K (revenue -23.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $499K, and assets of $771K (revenue +8089607.7% year-over-year).
- 2013: Revenue of $13, expenses of $501K, and assets of $224K (revenue -53.6% year-over-year).
- 2012: Revenue of $28, expenses of $328K, and assets of $723K (revenue -100.0% year-over-year).
- 2011: Revenue of $1.5M, expenses of $455K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Life Group Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for National Life Group Charitable Foundation 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.