Rosamond Thaxter Foundation
Rosamond Thaxter Foundation maintains over $1.3 million in assets with no reported officer compensation.
EIN: 16019476 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $936K |
| Total Expenses | $109K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,341,198 |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Rosamond Thaxter Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rosamond Thaxter Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rosamond Thaxter Foundation
Rosamond Thaxter Foundation (EIN: 16019476) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $936K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rosamond Thaxter Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rosamond Thaxter Foundation is a small nonprofit that has been operating for 62 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $109K |
| Surplus / Deficit | $-49,888 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -84.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 146.0 months |
Financial Health Grade: B
In 2023, Rosamond Thaxter Foundation reported a deficit of $50K with expenses exceeding revenue, holds 146.0 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), Rosamond Thaxter Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.9% | +31.7% | -2.0% |
| 2022 | -39.8% | -44.7% | +1.4% |
| 2021 | +116.3% | +67.6% | +1.5% |
| 2020 | -72.8% | +2.1% | -0.8% |
| 2019 | +203.3% | +18.7% | +32.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Rosamond Thaxter Foundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rosamond Thaxter Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Rosamond Thaxter Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation, which is highly unusual for an organization of its asset size ($1,341,198).
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 Rosamond Thaxter Foundation's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data
- Revenue volatility, with a significant drop in 2023 ($59,053) compared to previous years
Strengths
The following positive indicators were identified for Rosamond Thaxter Foundation:
- Consistent financial stability with growing assets (from $928,053 in 2011 to $1,341,198 currently)
- Zero reported officer compensation across all filings, suggesting high efficiency or volunteer leadership
- Very low liabilities, often $0 or $1, indicating strong financial management
- Long history of IRS 990 filings, demonstrating transparency
Frequently Asked Questions about Rosamond Thaxter Foundation
Is Rosamond Thaxter Foundation a legitimate charity?
Rosamond Thaxter Foundation (EIN: 16019476) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $936K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Rosamond Thaxter Foundation spend its money?
Rosamond Thaxter Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rosamond Thaxter Foundation tax-deductible?
Rosamond Thaxter Foundation is registered as a tax-exempt nonprofit (EIN: 16019476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rosamond Thaxter Foundation CEO make?
Rosamond Thaxter Foundation's highest-compensated officer earns $1,341,198 annually. The organization reported $936K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Rosamond Thaxter Foundation located?
Rosamond Thaxter Foundation is headquartered in Portland, Maine and files with the IRS under EIN 16019476.
How many years of IRS 990 filings does Rosamond Thaxter Foundation have?
Rosamond Thaxter 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 $936K in total revenue.
Is Rosamond Thaxter Foundation a good charity?
Based on the available data, the Rosamond Thaxter Foundation appears to be a financially stable organization with a strong asset base and a consistent history of IRS 990 filings. The absence of officer compensation is a significant positive indicator, suggesting a high proportion of funds may be directed towards its mission. However, without detailed program spending breakdowns, a definitive assessment of its programmatic impact is limited.
How does the foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses well, often operating with a surplus. For example, in 2019, revenue was $287,009 against expenses of $87,361. While there was a deficit in 2023 (revenue $59,053, expenses $108,941), its substantial assets ($1,325,654 in 2023) provide a strong financial buffer.
What is the trend in the foundation's assets?
The foundation's assets have shown consistent growth over the decade, increasing from $928,053 in 2011 to $1,341,198 most recently. This indicates strong financial stewardship and growth in its endowment or investment portfolio.
Filing History
IRS 990 filing history for Rosamond Thaxter Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rosamond Thaxter Foundation's revenue has declined by 7%, moving from $63K to $59K. Total assets increased by 42.8% over the same period, from $928K to $1.3M. Total functional expenses rose by 69%, from $64K to $109K. In its most recent filing year (2023), Rosamond Thaxter Foundation reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $109K | $1.3M | $1 | — | View 990 |
| 2022 | $102K | $83K | $1.4M | $1 | — | View 990 |
| 2021 | $169K | $150K | $1.3M | $1 | — | — |
| 2020 | $78K | $89K | $1.3M | $1 | — | — |
| 2019 | $287K | $87K | $1.3M | $0 | — | View 990 |
| 2015 | $95K | $74K | $1.0M | $0 | — | View 990 |
| 2014 | $83K | $82K | $982K | $0 | — | View 990 |
| 2013 | $97K | $68K | $980K | $0 | — | View 990 |
| 2012 | $90K | $67K | $951K | $0 | — | View 990 |
| 2011 | $63K | $64K | $928K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $109K, and assets of $1.3M (revenue -41.9% year-over-year).
- 2022: Revenue of $102K, expenses of $83K, and assets of $1.4M (revenue -39.8% year-over-year).
- 2021: Revenue of $169K, expenses of $150K, and assets of $1.3M (revenue +116.3% year-over-year).
- 2020: Revenue of $78K, expenses of $89K, and assets of $1.3M (revenue -72.8% year-over-year).
- 2019: Revenue of $287K, expenses of $87K, and assets of $1.3M (revenue +203.3% year-over-year).
- 2015: Revenue of $95K, expenses of $74K, and assets of $1.0M (revenue +13.8% year-over-year).
- 2014: Revenue of $83K, expenses of $82K, and assets of $982K (revenue -14.4% year-over-year).
- 2013: Revenue of $97K, expenses of $68K, and assets of $980K (revenue +8.6% year-over-year).
- 2012: Revenue of $90K, expenses of $67K, and assets of $951K (revenue +41.0% year-over-year).
- 2011: Revenue of $63K, expenses of $64K, and assets of $928K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rosamond Thaxter Foundation:
Data Sources and Methodology
This transparency report for Rosamond Thaxter 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.