Taconic Resources For Independence Inc

Search Intent Cockpit

Taconic Resources For Independence Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Taconic Resources For Independence Inc 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 Taconic Resources For Independence Inc in one place.

Is Taconic Resources For Independence Inc 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

Across stored filings, Taconic Resources For Independence Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Browse the full Category G peer market in New York →

Next Best Actions

Keep the Investigation Moving

Taconic Resources For Independence Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Taconic Resources For Independence Inc

Taconic Resources For Independence Inc (EIN: 141692576) is a nonprofit organization based in Poughkeepsie, NY, classified under NTEE code G42Z. The organization reported total revenue of $2.1M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taconic Resources For Independence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Taconic Resources For Independence Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Taconic Resources For Independence Inc reported a deficit of $99K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 35.3% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Taconic Resources For Independence Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.

IRS Tax-Exempt Classification

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 Taconic Resources For Independence Inc with a Mission Score of 90 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: 85%
• fundraising: 5%

According to IRS 990 filings, Taconic Resources For Independence Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 deficit of $99K, with expenses exceeding revenue.
• Debt-to-asset ratio: 35.3%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly commendable for a nonprofit of its size (latest revenue $1,797,023). This indicates that all reported expenses are directed towards operational costs and program delivery, rather than executive salaries.

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 Taconic Resources For Independence Inc:

• Consistent asset growth, from $430,443 in 2014 to $1,231,855 in 2023, indicating strong financial management.
• Zero reported officer compensation across all 13 filings, demonstrating a high commitment to program spending.
• Generally balanced revenues and expenses over the past decade, showing operational stability.
• Healthy asset-to-liability ratio, indicating strong capacity to meet financial obligations (e.g., 2023 assets $1,231,855 vs. liabilities $434,657).

Frequently Asked Questions about Taconic Resources For Independence Inc

Filing History

IRS 990 filing history for Taconic Resources For Independence Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Taconic Resources For Independence Inc's revenue has grown by 108.4%, moving from $862K to $1.8M. Total assets increased by 298.9% over the same period, from $309K to $1.2M. Total functional expenses rose by 116%, from $878K to $1.9M. In its most recent filing year (2023), Taconic Resources For Independence Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $435K in liabilities against $1.2M in assets (debt-to-asset ratio: 35.3%), resulting in net assets of $797K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $1.2M (revenue -2.2% year-over-year).
• 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $1.0M (revenue -4.1% year-over-year).
• 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $1.1M (revenue +9.1% year-over-year).
• 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $995K (revenue -15.9% year-over-year).
• 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $781K (revenue +13.4% year-over-year).
• 2018: Revenue of $1.8M, expenses of $1.8M, and assets of $736K (revenue +16.8% year-over-year).
• 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $766K (revenue +14.0% year-over-year).
• 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $686K (revenue -7.0% year-over-year).
• 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $586K (revenue +7.4% year-over-year).
• 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $430K (revenue +8.4% year-over-year).
• 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $369K (revenue +34.9% year-over-year).
• 2012: Revenue of $947K, expenses of $936K, and assets of $253K (revenue +9.8% year-over-year).
• 2011: Revenue of $862K, expenses of $878K, and assets of $309K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Taconic Resources For Independence Inc:

Data Sources and Methodology

This transparency report for Taconic Resources For Independence 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.