Residual Tuw Catherine Iola Michael
Residual Tuw Catherine Iola Michael maintains strong assets and minimal liabilities, with fluctuating revenue and no reported officer compensation.
EIN: 206988404 · Baltimore, MD · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.7M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $23 |
| Net Assets | $20.9M |
| Transparency Score | 75/100 |
Is Residual Tuw Catherine Iola Michael Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Residual Tuw Catherine Iola Michael directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Residual Tuw Catherine Iola Michael
Residual Tuw Catherine Iola Michael (EIN: 206988404) is a nonprofit organization based in Baltimore, MD, classified under NTEE code T22. The organization reported total revenue of $9.7M and total assets of $23.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Residual Tuw Catherine Iola Michael's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Residual Tuw Catherine Iola Michael 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 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$266K |
| Total Assets | $20.9M |
| Total Liabilities | $1 |
| Net Assets | $20.9M |
| Operating Margin | 14.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.8 months |
Financial Health Grade: A
In 2023, Residual Tuw Catherine Iola Michael reported a surplus of $266K with revenue exceeding expenses, holds 158.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Residual Tuw Catherine Iola Michael's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.4% | -8.7% | +1.3% |
| 2022 | -81.0% | +5.4% | -2.2% |
| 2021 | +342.4% | +20.1% | +16.2% |
| 2020 | +31.8% | -1.7% | +0.4% |
| 2019 | +77.7% | +40.8% | -0.8% |
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 Residual Tuw Catherine Iola Michael with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Residual Tuw Catherine Iola Michael allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $266K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all ten available IRS 990 filings, which is unusual for an organization with assets exceeding $23 million and annual revenues often in the millions. This suggests either a fully volunteer-led organization or that executive compensation is categorized under other expense lines, which would reduce transparency regarding leadership costs.
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 Residual Tuw Catherine Iola Michael's IRS 990 filings:
- Consistent reporting of $1 in liabilities across all filings, which is highly unusual for an organization of this scale.
- No officer compensation reported across any of the ten available filings, potentially obscuring leadership costs.
- Significant fluctuations in annual revenue, from $6,395,753 in 2021 to $1,212,164 in 2022, indicating potential instability in funding sources.
Strengths
The following positive indicators were identified for Residual Tuw Catherine Iola Michael:
- Strong and consistently growing asset base, reaching $23,243,006, indicating long-term financial stability.
- Minimal reported liabilities, suggesting a very low debt burden and strong balance sheet.
- Generally positive net income in most years, contributing to asset accumulation (e.g., $1,847,717 revenue vs. $1,581,585 expenses in 2023).
Frequently Asked Questions about Residual Tuw Catherine Iola Michael
Is Residual Tuw Catherine Iola Michael a legitimate charity?
Residual Tuw Catherine Iola Michael (EIN: 206988404) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $9.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Residual Tuw Catherine Iola Michael spend its money?
Residual Tuw Catherine Iola Michael directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Residual Tuw Catherine Iola Michael tax-deductible?
Residual Tuw Catherine Iola Michael is registered as a tax-exempt nonprofit (EIN: 206988404). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Residual Tuw Catherine Iola Michael CEO make?
Residual Tuw Catherine Iola Michael's highest-compensated officer earns $23 annually. The organization reported $9.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Residual Tuw Catherine Iola Michael compare to similar nonprofits?
With a transparency score of 75/100 (Good), Residual Tuw Catherine Iola Michael is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Residual Tuw Catherine Iola Michael located?
Residual Tuw Catherine Iola Michael is headquartered in Baltimore, Maryland and files with the IRS under EIN 206988404. It is classified under NTEE code T22.
How many years of IRS 990 filings does Residual Tuw Catherine Iola Michael have?
Residual Tuw Catherine Iola Michael 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 $9.7M in total revenue.
How does Residual Tuw Catherine Iola Michael manage to report only $1 in liabilities consistently across all filings?
The consistent reporting of $1 in liabilities is highly unusual for an organization of this size and suggests either an extremely unique financial structure or a potential reporting anomaly that warrants further scrutiny to ensure all financial obligations are fully disclosed.
What is the actual breakdown of program versus administrative expenses, given the NTEE code T22 (Private Grantmaking Foundations)?
As a Private Grantmaking Foundation, the majority of its 'program' spending would typically be grants to other organizations. Without a detailed breakdown of expenses beyond total expenses, it's difficult to ascertain the exact proportion dedicated to grants versus internal administrative costs for managing the foundation.
Why is no officer compensation reported across any of the available 990 filings?
The absence of reported officer compensation could indicate that the organization is entirely volunteer-run at the leadership level, or that compensation for key executives is reported under other expense categories, which would reduce transparency regarding executive pay.
Filing History
IRS 990 filing history for Residual Tuw Catherine Iola Michael showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Residual Tuw Catherine Iola Michael's revenue has grown by 77.7%, moving from $1.0M to $1.8M. Total assets increased by 19.2% over the same period, from $17.6M to $20.9M. Total functional expenses rose by 100.4%, from $789K to $1.6M. In its most recent filing year (2023), Residual Tuw Catherine Iola Michael reported a surplus of $266K, with revenue exceeding expenses. The organization holds $1 in liabilities against $20.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.6M | $20.9M | $1 | — | View 990 |
| 2022 | $1.2M | $1.7M | $20.7M | $1 | — | View 990 |
| 2021 | $6.4M | $1.6M | $21.1M | $1 | — | View 990 |
| 2020 | $1.4M | $1.4M | $18.2M | $1 | — | View 990 |
| 2019 | $1.1M | $1.4M | $18.1M | $1 | — | View 990 |
| 2015 | $617K | $989K | $18.3M | $1 | — | View 990 |
| 2014 | $1.6M | $941K | $18.6M | $1 | — | View 990 |
| 2013 | $1.6M | $847K | $18.0M | $1 | — | View 990 |
| 2012 | $362K | $808K | $17.2M | $1 | — | View 990 |
| 2011 | $1.0M | $789K | $17.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $20.9M (revenue +52.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.7M, and assets of $20.7M (revenue -81.0% year-over-year).
- 2021: Revenue of $6.4M, expenses of $1.6M, and assets of $21.1M (revenue +342.4% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $18.2M (revenue +31.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.4M, and assets of $18.1M (revenue +77.7% year-over-year).
- 2015: Revenue of $617K, expenses of $989K, and assets of $18.3M (revenue -62.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $941K, and assets of $18.6M (revenue +0.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $847K, and assets of $18.0M (revenue +346.3% year-over-year).
- 2012: Revenue of $362K, expenses of $808K, and assets of $17.2M (revenue -65.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $789K, and assets of $17.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Residual Tuw Catherine Iola Michael:
Data Sources and Methodology
This transparency report for Residual Tuw Catherine Iola Michael 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.