Taft Foundation
Taft Foundation maintains substantial assets and reports zero officer compensation amidst fluctuating revenues.
EIN: 201232852 · Fort Lauderdale, FL · NTEE: T20 · Updated: 2026-03-28
Is Taft Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Taft Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Taft Foundation
Taft Foundation (EIN: 201232852) is a nonprofit organization based in Fort Lauderdale, FL, classified under NTEE code T20. The organization reported total revenue of $63.7M and total assets of $240.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taft Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Taft Foundation with a Mission Score of 95 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Taft Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly commendable and suggests that resources are fully directed towards the foundation's mission rather than administrative 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 Taft Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
- Significant growth in assets from $21.3 million in 2011 to $239.9 million currently.
- Very low liabilities reported ($1 in recent years), indicating sound financial management.
- Consistent filing of IRS 990s, demonstrating strong transparency.
Frequently Asked Questions about Taft Foundation
Is Taft Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Taft Foundation (EIN: 201232852) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Taft Foundation spend its money?
Taft Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Taft Foundation tax-deductible?
Taft Foundation is registered as a tax-exempt nonprofit (EIN: 201232852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Taft Foundation a good charity?
Based on the available IRS 990 data, Taft Foundation appears to be a very good charity. It demonstrates strong financial health with substantial and growing assets, very low liabilities, and a remarkable commitment to efficiency by reporting zero officer compensation. This suggests that the vast majority of its resources are directed towards its programmatic goals.
How has Taft Foundation's asset base changed over time?
Taft Foundation's assets have grown substantially over the past decade, from $21,327,282 in 2011 to $239,983,928 currently, indicating strong financial growth and stewardship.
What is the trend in Taft Foundation's revenue?
Taft Foundation's revenue has been highly variable, with a peak of $108,627,436 in 2012, followed by periods of lower revenue, and more recently $9,589,359 in 2023. This fluctuation is not uncommon for foundations that may receive large, infrequent contributions or investment gains.
Filing History
IRS 990 filing history for Taft Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Taft Foundation's revenue has grown by 369.7%, moving from $2.0M to $9.6M. Total assets increased by 935.9% over the same period, from $21.3M to $220.9M. Total functional expenses rose by 927.3%, from $1.3M to $13.3M. In its most recent filing year (2023), Taft Foundation reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $1 in liabilities against $220.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $220.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.6M | $13.3M | $220.9M | $1 | — | View 990 |
| 2022 | $16.2M | $13.7M | $199.6M | $1 | — | View 990 |
| 2021 | $20.1M | $12.3M | $179.7M | $1 | — | View 990 |
| 2020 | $4.3M | $12.3M | $170.6M | $1 | — | View 990 |
| 2019 | $4.2M | $11.2M | $167.0M | $0 | — | View 990 |
| 2015 | $3.5M | $11.4M | $175.5M | $0 | — | View 990 |
| 2014 | $28.3M | $4.5M | $183.4M | $0 | — | View 990 |
| 2013 | $41.2M | $3.5M | $159.5M | $0 | — | View 990 |
| 2012 | $108.6M | $8.2M | $121.8M | $0 | — | View 990 |
| 2011 | $2.0M | $1.3M | $21.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.6M, expenses of $13.3M, and assets of $220.9M (revenue -40.7% year-over-year).
- 2022: Revenue of $16.2M, expenses of $13.7M, and assets of $199.6M (revenue -19.5% year-over-year).
- 2021: Revenue of $20.1M, expenses of $12.3M, and assets of $179.7M (revenue +371.7% year-over-year).
- 2020: Revenue of $4.3M, expenses of $12.3M, and assets of $170.6M (revenue +1.9% year-over-year).
- 2019: Revenue of $4.2M, expenses of $11.2M, and assets of $167.0M (revenue +18.6% year-over-year).
- 2015: Revenue of $3.5M, expenses of $11.4M, and assets of $175.5M (revenue -87.6% year-over-year).
- 2014: Revenue of $28.3M, expenses of $4.5M, and assets of $183.4M (revenue -31.3% year-over-year).
- 2013: Revenue of $41.2M, expenses of $3.5M, and assets of $159.5M (revenue -62.1% year-over-year).
- 2012: Revenue of $108.6M, expenses of $8.2M, and assets of $121.8M (revenue +5220.9% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.3M, and assets of $21.3M.
Data Sources and Methodology
This transparency report for Taft 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.