Regal Foundation
Regal Foundation shows strong financial growth and low liabilities with no reported officer compensation.
EIN: 134249812 · Knoxville, TN · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| Net Assets | $8.9M |
| Transparency Score | 92/100 |
Is Regal Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regal Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Regal Foundation
Regal Foundation (EIN: 134249812) is a nonprofit organization based in Knoxville, TN, classified under NTEE code T21. The organization reported total revenue of $3.8M and total assets of $10.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regal Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Regal Foundation is a mid-size nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $9.2M |
| Total Liabilities | $336K |
| Net Assets | $8.9M |
| Operating Margin | 36.0% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 41.1 months |
Financial Health Grade: A
In 2023, Regal Foundation reported a surplus of $1.5M with revenue exceeding expenses, holds 41.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Regal Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | +34.7% | +9.1% |
| 2022 | +53.8% | +88.8% | +14.9% |
| 2021 | -47.5% | -78.7% | -11.6% |
| 2019 | +13.9% | +35.8% | +20.5% |
| 2015 | -7.7% | -38.9% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Regal Foundation 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, Regal Foundation 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 $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
The Regal Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to its mission.
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 Regal Foundation:
- Consistent financial surpluses in recent years (e.g., $4,200,012 revenue vs. $2,688,226 expenses in 2023).
- Significant growth in assets, reaching $9,197,284 in 2023.
- Dramatic reduction in liabilities from over $6 million in 2014 to $335,521 in 2023.
- 0% reported officer compensation across all filings, indicating strong resource allocation to mission.
- Healthy asset-to-liability ratio, demonstrating financial stability.
Frequently Asked Questions about Regal Foundation
Is Regal Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Regal Foundation (EIN: 134249812) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Regal Foundation spend its money?
Regal Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Regal Foundation tax-deductible?
Regal Foundation is registered as a tax-exempt nonprofit (EIN: 134249812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Regal Foundation's spending goes to programs?
Regal Foundation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Regal Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Regal 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 Regal Foundation located?
Regal Foundation is headquartered in Knoxville, Tennessee and files with the IRS under EIN 134249812. It is classified under NTEE code T21.
How many years of IRS 990 filings does Regal Foundation have?
Regal Foundation has 9 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 $3.8M in total revenue.
Is Regal Foundation a good charity?
Based on the provided financial data, Regal Foundation appears to be a very good charity. It consistently generates significant surpluses, has grown its assets substantially, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Regal Foundation's financial health changed over time?
Regal Foundation's financial health has significantly improved. While it experienced periods of expenses exceeding revenue in 2011, 2013, and 2014, since 2021, it has consistently generated substantial surpluses, leading to asset growth from $7,336,841 in 2021 to $9,197,284 in 2023 and a dramatic reduction in liabilities.
What is the trend in Regal Foundation's assets and liabilities?
Assets have shown consistent growth, increasing from $6,838,593 in 2014 to $9,197,284 in 2023. Liabilities have dramatically decreased from a peak of $6,263,101 in 2014 to a low of $335,521 in 2023, indicating a much stronger balance sheet.
Filing History
IRS 990 filing history for Regal Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Regal Foundation's revenue has declined by 7.9%, moving from $4.6M to $4.2M. Total assets increased by 19.7% over the same period, from $7.7M to $9.2M. Total functional expenses fell by 52.8%, from $5.7M to $2.7M. In its most recent filing year (2023), Regal Foundation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $336K in liabilities against $9.2M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $8.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $2.7M | $9.2M | $336K | — | — |
| 2022 | $4.2M | $2.0M | $8.4M | $1.1M | — | View 990 |
| 2021 | $2.7M | $1.1M | $7.3M | $2.2M | — | View 990 |
| 2019 | $5.2M | $5.0M | $8.3M | $3.6M | — | View 990 |
| 2015 | $4.5M | $3.7M | $6.9M | $5.4M | — | View 990 |
| 2014 | $4.9M | $6.0M | $6.8M | $6.3M | — | View 990 |
| 2013 | $5.8M | $7.4M | $7.6M | $5.9M | — | View 990 |
| 2012 | $5.2M | $4.4M | $7.5M | $4.2M | — | View 990 |
| 2011 | $4.6M | $5.7M | $7.7M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $2.7M, and assets of $9.2M (revenue +0.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $2.0M, and assets of $8.4M (revenue +53.8% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.1M, and assets of $7.3M (revenue -47.5% year-over-year).
- 2019: Revenue of $5.2M, expenses of $5.0M, and assets of $8.3M (revenue +13.9% year-over-year).
- 2015: Revenue of $4.5M, expenses of $3.7M, and assets of $6.9M (revenue -7.7% year-over-year).
- 2014: Revenue of $4.9M, expenses of $6.0M, and assets of $6.8M (revenue -15.2% year-over-year).
- 2013: Revenue of $5.8M, expenses of $7.4M, and assets of $7.6M (revenue +10.9% year-over-year).
- 2012: Revenue of $5.2M, expenses of $4.4M, and assets of $7.5M (revenue +14.8% year-over-year).
- 2011: Revenue of $4.6M, expenses of $5.7M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Regal Foundation:
Data Sources and Methodology
This transparency report for Regal 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.