Tan Teo Charitable Foundation
Tan Teo Charitable Foundation consistently operates with 0% officer compensation while drawing down on assets to fund operations.
EIN: 202719591 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $6.3M |
| Transparency Score | 85/100 |
Is Tan Teo Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tan Teo Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tan Teo Charitable Foundation
Tan Teo Charitable Foundation (EIN: 202719591) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $1.7M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tan Teo Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tan Teo Charitable Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $707K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-386,581 |
| Total Assets | $6.3M |
| Total Liabilities | $1 |
| Net Assets | $6.3M |
| Operating Margin | -54.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 69.6 months |
Financial Health Grade: B
In 2023, Tan Teo Charitable Foundation reported a deficit of $387K with expenses exceeding revenue, holds 69.6 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), Tan Teo Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.7% | +1.4% | -6.4% |
| 2022 | +18.2% | +9.8% | -0.3% |
| 2021 | +39.0% | +25.2% | -0.4% |
| 2020 | -14.8% | +8.1% | +0.2% |
| 2019 | +38.7% | +72.9% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Tan Teo Charitable 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, Tan Teo Charitable 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 $387K, 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 officers are not compensated, which is highly favorable for a foundation of its size with assets exceeding $6 million.
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 Tan Teo Charitable Foundation's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in recent years (e.g., 2023, 2021, 2020, 2014, 2013, 2011) suggests reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Tan Teo Charitable Foundation:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication.
- Stable and substantial asset base (over $6 million) providing long-term financial security.
- Very low liabilities in most years, demonstrating strong financial management.
- Long operating history with 10 filings, suggesting established operations and commitment.
Frequently Asked Questions about Tan Teo Charitable Foundation
Is Tan Teo Charitable Foundation a legitimate charity?
Tan Teo Charitable Foundation (EIN: 202719591) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Tan Teo Charitable Foundation spend its money?
Tan Teo Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Tan Teo Charitable Foundation tax-deductible?
Tan Teo Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202719591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tan Teo Charitable Foundation CEO make?
Tan Teo Charitable Foundation's highest-compensated officer earns $6 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Tan Teo Charitable Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tan Teo Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tan Teo Charitable Foundation located?
Tan Teo Charitable Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 202719591. It is classified under NTEE code T22.
How many years of IRS 990 filings does Tan Teo Charitable Foundation have?
Tan Teo Charitable 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 $1.7M in total revenue.
Is Tan Teo Charitable Foundation a good charity?
Based on the available data, the foundation exhibits strong financial health with a stable asset base and a commendable 0% officer compensation. Its consistent operation and low liabilities suggest good stewardship, making it appear to be a well-managed entity.
How does the foundation fund its operations if expenses often exceed revenue?
As a private foundation, it likely funds operations by drawing from its substantial asset base ($6,640,442) and investment returns, which is a common practice for such entities to fulfill their charitable mission.
What is the trend in the foundation's assets?
The foundation's assets have remained remarkably stable over the past decade, fluctuating around $6.3 million to $6.8 million, indicating a well-managed endowment despite periods where expenses exceed revenue.
Filing History
IRS 990 filing history for Tan Teo Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tan Teo Charitable Foundation's revenue has grown by 297.3%, moving from $178K to $707K. Total assets decreased by 1.7% over the same period, from $6.5M to $6.3M. Total functional expenses rose by 167.8%, from $408K to $1.1M. In its most recent filing year (2023), Tan Teo Charitable Foundation reported a deficit of $387K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $707K | $1.1M | $6.3M | $1 | — | View 990 |
| 2022 | $1.1M | $1.1M | $6.8M | $50K | — | View 990 |
| 2021 | $960K | $982K | $6.8M | $124K | — | — |
| 2020 | $691K | $784K | $6.8M | $130K | — | View 990 |
| 2019 | $810K | $726K | $6.8M | $23K | — | View 990 |
| 2015 | $584K | $420K | $6.8M | $1 | — | View 990 |
| 2014 | $274K | $303K | $6.6M | $1 | — | View 990 |
| 2013 | $168K | $264K | $6.7M | $1 | — | View 990 |
| 2012 | $472K | $166K | $6.8M | $1 | — | View 990 |
| 2011 | $178K | $408K | $6.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $707K, expenses of $1.1M, and assets of $6.3M (revenue -37.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $6.8M (revenue +18.2% year-over-year).
- 2021: Revenue of $960K, expenses of $982K, and assets of $6.8M (revenue +39.0% year-over-year).
- 2020: Revenue of $691K, expenses of $784K, and assets of $6.8M (revenue -14.8% year-over-year).
- 2019: Revenue of $810K, expenses of $726K, and assets of $6.8M (revenue +38.7% year-over-year).
- 2015: Revenue of $584K, expenses of $420K, and assets of $6.8M (revenue +113.3% year-over-year).
- 2014: Revenue of $274K, expenses of $303K, and assets of $6.6M (revenue +62.7% year-over-year).
- 2013: Revenue of $168K, expenses of $264K, and assets of $6.7M (revenue -64.3% year-over-year).
- 2012: Revenue of $472K, expenses of $166K, and assets of $6.8M (revenue +165.3% year-over-year).
- 2011: Revenue of $178K, expenses of $408K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tan Teo Charitable Foundation:
Data Sources and Methodology
This transparency report for Tan Teo Charitable 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.