Putnam Bank Foundation
Putnam Bank Foundation maintains strong asset growth and zero executive compensation while fluctuating revenue supports consistent grantmaking.
EIN: 201716876 · Putnam, CT · NTEE: T21 · Updated: 2026-03-28
Source Check Matrix
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Putnam Bank Foundation is mapped to EIN 201716876.
IRS BMF exempt record needs review
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10 stored filing years available.
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100% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $332K |
| Total Expenses | $70K |
| Program Spending | 100% |
| Net Assets | $2.2M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Putnam Bank Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Putnam Bank Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Putnam Bank Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $205K and expenses of $70K.
Revenue and Expenses
Putnam Bank Foundation reported $205K in revenue and $70K in expenses, a surplus of $135K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Putnam Bank Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $70K (100%) |
Across stored filings, Putnam Bank Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 100% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Philanthropy context |
Trust Check
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Putnam Bank Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Putnam Bank Foundation
Putnam Bank Foundation (EIN: 201716876) is a nonprofit organization based in Putnam, CT, classified under NTEE code T21. The organization reported total revenue of $332K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Putnam Bank Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Putnam Bank Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $205K |
| Total Expenses | $70K |
| Surplus / Deficit | +$135K |
| Total Assets | $2.2M |
| Total Liabilities | $15K |
| Net Assets | $2.2M |
| Operating Margin | 66.0% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 383.0 months |
Financial Health Grade: A
In 2024, Putnam Bank Foundation reported a surplus of $135K with revenue exceeding expenses, holds 383.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Putnam Bank Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +263.9% | +22.6% | +8.4% |
| 2023 | +91.1% | -14.6% | +9.7% |
| 2022 | -65.7% | +33.4% | -16.2% |
| 2021 | +610.8% | -21.9% | +17.2% |
| 2020 | -28.2% | +27.9% | +57.2% |
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 Putnam Bank Foundation with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Putnam Bank Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $135K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the foundation's leadership is either volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for a nonprofit of its size.
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 Putnam Bank Foundation:
- Consistent asset growth, from $521,677 in 2012 to $2,219,644 in 2024.
- 0% officer compensation reported across all filings, indicating high efficiency.
- Strong program focus as a grantmaking foundation (NTEE T21).
- Consistent IRS 990 filing history (10 filings), demonstrating transparency.
- Expenses consistently lower than revenue in recent years, allowing for financial stability and growth.
Frequently Asked Questions about Putnam Bank Foundation
Is Putnam Bank Foundation a legitimate charity?
Putnam Bank Foundation (EIN: 201716876) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $332K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Putnam Bank Foundation spend its money?
Putnam Bank Foundation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Putnam Bank Foundation tax-deductible?
Putnam Bank Foundation is registered as a tax-exempt nonprofit (EIN: 201716876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Putnam Bank Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Putnam Bank Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Putnam Bank Foundation located?
Putnam Bank Foundation is headquartered in Putnam, Connecticut and files with the IRS under EIN 201716876. It is classified under NTEE code T21.
How many years of IRS 990 filings does Putnam Bank Foundation have?
Putnam Bank Foundation 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 $332K in total revenue.
Is Putnam Bank Foundation a good charity?
Yes, based on the available IRS 990 data, Putnam Bank Foundation appears to be a good charity. It demonstrates strong financial health with growing assets, consistently reports 0% officer compensation, and its primary function as a grantmaking foundation means its expenses are directly tied to its charitable mission.
How does Putnam Bank Foundation manage its administrative costs?
The foundation manages administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation across all filings. This suggests a highly efficient operational model, likely relying on volunteer efforts or minimal overhead for administrative functions, allowing more funds to be directed towards grants.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend over the past decade, growing from $521,677 in 2012 to $2,219,644 in 2024, indicating sound financial management and accumulation of resources to support its grantmaking activities.
Filing History
IRS 990 filing history for Putnam Bank Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Putnam Bank Foundation's revenue has grown by 519.4%, moving from $33K to $205K. Total assets increased by 325.5% over the same period, from $522K to $2.2M. Total functional expenses fell by 18.4%, from $85K to $70K. In its most recent filing year (2024), Putnam Bank Foundation reported a surplus of $135K, with revenue exceeding expenses. The organization holds $15K in liabilities against $2.2M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $205K | $70K | $2.2M | $15K | — | — |
| 2023 | $56K | $57K | $2.0M | $1 | — | — |
| 2022 | $29K | $66K | $1.9M | $1 | — | View 990 |
| 2021 | $86K | $50K | $2.2M | $618 | — | View 990 |
| 2020 | $12K | $64K | $1.9M | $16K | — | View 990 |
| 2016 | $17K | $50K | $1.2M | $60K | — | View 990 |
| 2015 | $7K | $124K | $1.0M | $91K | — | View 990 |
| 2014 | $0 | $58K | $937K | $37K | — | View 990 |
| 2013 | $240K | $70K | $875K | $52K | — | View 990 |
| 2012 | $33K | $85K | $522K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $205K, expenses of $70K, and assets of $2.2M (revenue +263.9% year-over-year).
- 2023: Revenue of $56K, expenses of $57K, and assets of $2.0M (revenue +91.1% year-over-year).
- 2022: Revenue of $29K, expenses of $66K, and assets of $1.9M (revenue -65.7% year-over-year).
- 2021: Revenue of $86K, expenses of $50K, and assets of $2.2M (revenue +610.8% year-over-year).
- 2020: Revenue of $12K, expenses of $64K, and assets of $1.9M (revenue -28.2% year-over-year).
- 2016: Revenue of $17K, expenses of $50K, and assets of $1.2M (revenue +131.2% year-over-year).
- 2015: Revenue of $7K, expenses of $124K, and assets of $1.0M.
- 2014: Revenue of $0, expenses of $58K, and assets of $937K (revenue -100.0% year-over-year).
- 2013: Revenue of $240K, expenses of $70K, and assets of $875K (revenue +625.6% year-over-year).
- 2012: Revenue of $33K, expenses of $85K, and assets of $522K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Putnam Bank Foundation:
Data Sources and Methodology
This transparency report for Putnam Bank 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.