T Backer Fund Inc
T Backer Fund Inc. consistently spends more than it earns, drawing down assets over the past decade.
EIN: 141640994 · Lexington, MA · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $501K |
| Program Spending | 70% |
| Net Assets | $4.3M |
| Transparency Score | 65/100 |
Is T Backer Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
T Backer Fund Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About T Backer Fund Inc
T Backer Fund Inc (EIN: 141640994) is a nonprofit organization based in Lexington, MA, classified under NTEE code P99. The organization reported total revenue of $1.6M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of T Backer Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
T Backer Fund Inc is a mid-size nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $365K |
| Total Expenses | $501K |
| Surplus / Deficit | $-136,040 |
| Total Assets | $4.3M |
| Total Liabilities | $1 |
| Net Assets | $4.3M |
| Operating Margin | -37.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 103.8 months |
Financial Health Grade: B
In 2023, T Backer Fund Inc reported a deficit of $136K with expenses exceeding revenue, holds 103.8 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), T Backer Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +189.9% | +8.9% | -3.0% |
| 2022 | -72.0% | +13.6% | -6.9% |
| 2021 | +734.2% | +2.6% | +1.0% |
| 2020 | -85.5% | -4.9% | -6.7% |
| 2019 | +160.6% | +8.8% | -9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 T Backer Fund Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, T Backer Fund Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $136K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a highly efficient use of funds at the leadership level.
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 T Backer Fund Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most reported periods.
- Declining asset base over the past decade, from $5.88M in 2011 to $4.33M in 2023, indicating reliance on reserves.
- Latest revenue ($364,995 in 2023) is significantly lower than the latest expenses ($501,035).
Strengths
The following positive indicators were identified for T Backer Fund Inc:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- No significant liabilities reported ($1 across all periods), suggesting a debt-free operation.
- Consistent filing of IRS 990s, demonstrating transparency.
Frequently Asked Questions about T Backer Fund Inc
Is T Backer Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, T Backer Fund Inc (EIN: 141640994) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does T Backer Fund Inc spend its money?
T Backer Fund Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to T Backer Fund Inc tax-deductible?
T Backer Fund Inc is registered as a tax-exempt nonprofit (EIN: 141640994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of T Backer Fund Inc's spending goes to programs?
T Backer Fund Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does T Backer Fund Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), T Backer Fund Inc is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is T Backer Fund Inc located?
T Backer Fund Inc is headquartered in Lexington, Massachusetts and files with the IRS under EIN 141640994. It is classified under NTEE code P99.
How many years of IRS 990 filings does T Backer Fund Inc have?
T Backer Fund 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 $1.6M in total revenue.
Is T Backer Fund Inc. financially sustainable given its consistent operational deficits?
The organization has consistently spent more than its revenue for most of the reported periods, leading to a decline in assets from $5.88 million in 2011 to $4.33 million in 2023. This trend suggests a reliance on its endowment or accumulated assets, which is not sustainable in the long term without increased revenue or reduced expenses.
What are the primary drivers of the organization's expenses?
Without a detailed functional expense breakdown from the 990 filings, it's difficult to pinpoint the exact drivers. However, the consistent high expenses relative to revenue indicate significant ongoing operational costs that are not being fully covered by incoming funds.
How does the organization plan to address its revenue-expense imbalance?
The provided data does not include information on the organization's strategies to increase revenue or decrease expenses. This would be a critical area for inquiry to understand its future financial planning.
Filing History
IRS 990 filing history for T Backer Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), T Backer Fund Inc's revenue has grown by 36.8%, moving from $267K to $365K. Total assets decreased by 26.3% over the same period, from $5.9M to $4.3M. Total functional expenses rose by 44%, from $348K to $501K. In its most recent filing year (2023), T Backer Fund Inc reported a deficit of $136K, with expenses exceeding revenue. The organization holds $1 in liabilities against $4.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $365K | $501K | $4.3M | $1 | — | — |
| 2022 | $126K | $460K | $4.5M | $1 | — | View 990 |
| 2021 | $450K | $405K | $4.8M | $1 | — | View 990 |
| 2020 | $54K | $395K | $4.8M | $1 | — | — |
| 2019 | $371K | $415K | $5.1M | $1 | — | — |
| 2015 | $142K | $381K | $5.6M | $1 | — | View 990 |
| 2014 | $374K | $396K | $5.9M | $1 | — | View 990 |
| 2013 | $585K | $338K | $5.9M | $1 | — | View 990 |
| 2012 | $173K | $406K | $5.7M | $1 | — | View 990 |
| 2011 | $267K | $348K | $5.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $365K, expenses of $501K, and assets of $4.3M (revenue +189.9% year-over-year).
- 2022: Revenue of $126K, expenses of $460K, and assets of $4.5M (revenue -72.0% year-over-year).
- 2021: Revenue of $450K, expenses of $405K, and assets of $4.8M (revenue +734.2% year-over-year).
- 2020: Revenue of $54K, expenses of $395K, and assets of $4.8M (revenue -85.5% year-over-year).
- 2019: Revenue of $371K, expenses of $415K, and assets of $5.1M (revenue +160.6% year-over-year).
- 2015: Revenue of $142K, expenses of $381K, and assets of $5.6M (revenue -61.9% year-over-year).
- 2014: Revenue of $374K, expenses of $396K, and assets of $5.9M (revenue -36.0% year-over-year).
- 2013: Revenue of $585K, expenses of $338K, and assets of $5.9M (revenue +238.6% year-over-year).
- 2012: Revenue of $173K, expenses of $406K, and assets of $5.7M (revenue -35.3% year-over-year).
- 2011: Revenue of $267K, expenses of $348K, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for T Backer Fund Inc:
Data Sources and Methodology
This transparency report for T Backer Fund 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.