Tamarindo Foundation Inc
Tamarindo Foundation Inc. maintains zero liabilities and no officer compensation, with fluctuating but generally stable finances.
EIN: 202411268 · Indianapolis, IN · NTEE: Q20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $346K |
| Total Expenses | $237K |
| Program Spending | 80% |
| Net Assets | $351K |
| Transparency Score | 85/100 |
Is Tamarindo Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tamarindo Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tamarindo Foundation Inc
Tamarindo Foundation Inc (EIN: 202411268) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code Q20. The organization reported total revenue of $346K and total assets of $389K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tamarindo Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tamarindo Foundation Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $237K |
| Surplus / Deficit | $-5,242 |
| Total Assets | $351K |
| Net Assets | $351K |
| Operating Margin | -2.3% |
| Months of Reserves | 17.8 months |
Financial Health Grade: B
In 2023, Tamarindo Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 17.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Tamarindo Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.5% | -22.2% | -1.5% |
| 2022 | -13.7% | +26.3% | -2.5% |
| 2021 | +65.5% | -26.3% | +38.0% |
| 2020 | -26.6% | -25.5% | -31.2% |
| 2019 | -47.1% | +10.9% | -29.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Tamarindo Foundation Inc 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: 80%
- fundraising: 10%
According to IRS 990 filings, Tamarindo Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Tamarindo Foundation Inc. consistently reports 0% officer compensation across all 14 available filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is highly favorable for donor perception and resource allocation.
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 Tamarindo Foundation Inc's IRS 990 filings:
- Significant expense fluctuations without detailed functional expense breakdowns make it difficult to fully assess spending efficiency.
- Periods of substantial deficits (e.g., 2019 and 2020) could indicate inconsistent funding or large, unbudgeted expenditures.
Strengths
The following positive indicators were identified for Tamarindo Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds and potential volunteer leadership.
- Zero reported liabilities across all 14 filings, demonstrating strong financial management and a debt-free status.
- Consistent asset growth over the past decade, from $109,001 in 2014 to $388,773 in the latest filing, indicating financial stability.
- Long history of IRS 990 filings (14 periods), providing good transparency and historical financial data.
Frequently Asked Questions about Tamarindo Foundation Inc
Is Tamarindo Foundation Inc a legitimate charity?
Tamarindo Foundation Inc (EIN: 202411268) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $346K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Tamarindo Foundation Inc spend its money?
Tamarindo Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Tamarindo Foundation Inc tax-deductible?
Tamarindo Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202411268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tamarindo Foundation Inc's spending goes to programs?
Tamarindo Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tamarindo Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tamarindo Foundation Inc is above average for NTEE category Q20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tamarindo Foundation Inc located?
Tamarindo Foundation Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 202411268. It is classified under NTEE code Q20.
How many years of IRS 990 filings does Tamarindo Foundation Inc have?
Tamarindo Foundation Inc has 14 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 $346K in total revenue.
How does Tamarindo Foundation Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS Form 990. This practice significantly reduces overhead and directs more funds towards the mission.
What caused the significant expense spikes in 2019 and 2020?
In 2019, expenses were $438,840 against $281,378 in revenue, and in 2020, expenses were $326,872 against $206,519 in revenue. These periods show substantial deficits, which could be due to large, one-time program expenditures, capital investments, or a temporary decline in funding. Without detailed expense breakdowns, the exact cause remains unclear.
How does the organization maintain zero liabilities?
Tamarindo Foundation Inc. has consistently reported $0 in liabilities across all 14 filings. This indicates a strong financial discipline, possibly through careful budgeting, reliance on current assets for operational needs, and avoiding debt financing for projects or operations.
Filing History
IRS 990 filing history for Tamarindo Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Tamarindo Foundation Inc's revenue has grown by 106.9%, moving from $112K to $232K. Total assets increased by 426.6% over the same period, from $67K to $351K. Total functional expenses rose by 58.8%, from $149K to $237K. In its most recent filing year (2023), Tamarindo Foundation Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $237K | $351K | $0 | — | — |
| 2022 | $295K | $304K | $356K | $0 | — | View 990 |
| 2021 | $342K | $241K | $366K | $0 | — | View 990 |
| 2020 | $207K | $327K | $265K | $0 | — | — |
| 2019 | $281K | $439K | $385K | $0 | — | View 990 |
| 2018 | $531K | $396K | $543K | $0 | — | View 990 |
| 2017 | $380K | $188K | $407K | $0 | — | View 990 |
| 2016 | $279K | $180K | $215K | $0 | — | View 990 |
| 2015 | $225K | $218K | $116K | $0 | — | View 990 |
| 2014 | $140K | $152K | $109K | $0 | — | View 990 |
| 2013 | $200K | $162K | $121K | $0 | — | View 990 |
| 2012 | $172K | $143K | $83K | $0 | — | View 990 |
| 2011 | $134K | $145K | $54K | $0 | — | View 990 |
| 2010 | $112K | $149K | $67K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $237K, and assets of $351K (revenue -21.5% year-over-year).
- 2022: Revenue of $295K, expenses of $304K, and assets of $356K (revenue -13.7% year-over-year).
- 2021: Revenue of $342K, expenses of $241K, and assets of $366K (revenue +65.5% year-over-year).
- 2020: Revenue of $207K, expenses of $327K, and assets of $265K (revenue -26.6% year-over-year).
- 2019: Revenue of $281K, expenses of $439K, and assets of $385K (revenue -47.1% year-over-year).
- 2018: Revenue of $531K, expenses of $396K, and assets of $543K (revenue +39.7% year-over-year).
- 2017: Revenue of $380K, expenses of $188K, and assets of $407K (revenue +36.5% year-over-year).
- 2016: Revenue of $279K, expenses of $180K, and assets of $215K (revenue +23.9% year-over-year).
- 2015: Revenue of $225K, expenses of $218K, and assets of $116K (revenue +60.2% year-over-year).
- 2014: Revenue of $140K, expenses of $152K, and assets of $109K (revenue -29.7% year-over-year).
- 2013: Revenue of $200K, expenses of $162K, and assets of $121K (revenue +16.1% year-over-year).
- 2012: Revenue of $172K, expenses of $143K, and assets of $83K (revenue +28.0% year-over-year).
- 2011: Revenue of $134K, expenses of $145K, and assets of $54K (revenue +20.1% year-over-year).
- 2010: Revenue of $112K, expenses of $149K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tamarindo Foundation Inc:
Data Sources and Methodology
This transparency report for Tamarindo Foundation 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.