Tango2 Research Foundation Incorporated
EIN: 823667557 · Hadlyme, CT · NTEE: H12
| Metric | Value |
|---|---|
| Total Revenue | $604K |
| Total Expenses | $410K |
| Net Assets | $623K |
Is Tango2 Research Foundation Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tango2 Research Foundation Incorporated
Tango2 Research Foundation Incorporated (EIN: 823667557) is a nonprofit organization based in Hadlyme, CT, classified under NTEE code H12. The organization reported total revenue of $604K and total assets of $600K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tango2 Research Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tango2 Research Foundation Incorporated is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $410K |
| Surplus / Deficit | $-144,186 |
| Total Assets | $623K |
| Net Assets | $623K |
| Operating Margin | -54.3% |
| Months of Reserves | 18.2 months |
Financial Health Grade: B
In 2023, Tango2 Research Foundation Incorporated reported a deficit of $144K with expenses exceeding revenue, holds 18.2 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Tango2 Research Foundation Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.3% | -13.6% | -18.8% |
| 2022 | +30.0% | +64.8% | -2.8% |
| 2021 | -47.1% | +61.1% | +8.3% |
| 2020 | +250.0% | +418.4% | +192.5% |
| 2019 | +77.0% | +226.4% | +160.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tango2 Research Foundation Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tango2 Research Foundation Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $144K, with expenses exceeding revenue.
Frequently Asked Questions about Tango2 Research Foundation Incorporated
Is Tango2 Research Foundation Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Tango2 Research Foundation Incorporated (EIN: 823667557) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tango2 Research Foundation Incorporated spend its money?
Detailed spending breakdown data is not yet available for Tango2 Research Foundation Incorporated. Check back for updated IRS 990 analysis.
Are donations to Tango2 Research Foundation Incorporated tax-deductible?
Tango2 Research Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 823667557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tango2 Research Foundation Incorporated located?
Tango2 Research Foundation Incorporated is headquartered in Hadlyme, Connecticut and files with the IRS under EIN 823667557. It is classified under NTEE code H12.
How many years of IRS 990 filings does Tango2 Research Foundation Incorporated have?
Tango2 Research Foundation Incorporated has 6 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 $604K in total revenue.
Filing History
IRS 990 filing history for Tango2 Research Foundation Incorporated showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Tango2 Research Foundation Incorporated's revenue has grown by 149.9%, moving from $106K to $265K. Total assets increased by 551.1% over the same period, from $96K to $623K. Total functional expenses rose by 3781.8%, from $11K to $410K. In its most recent filing year (2023), Tango2 Research Foundation Incorporated reported a deficit of $144K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $265K | $410K | $623K | $0 | — | — |
| 2022 | $452K | $474K | $767K | $0 | — | View 990 |
| 2021 | $348K | $288K | $789K | $0 | — | View 990 |
| 2020 | $658K | $179K | $729K | $335 | — | — |
| 2019 | $188K | $34K | $249K | $0 | — | — |
| 2018 | $106K | $11K | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $265K, expenses of $410K, and assets of $623K (revenue -41.3% year-over-year).
- 2022: Revenue of $452K, expenses of $474K, and assets of $767K (revenue +30.0% year-over-year).
- 2021: Revenue of $348K, expenses of $288K, and assets of $789K (revenue -47.1% year-over-year).
- 2020: Revenue of $658K, expenses of $179K, and assets of $729K (revenue +250.0% year-over-year).
- 2019: Revenue of $188K, expenses of $34K, and assets of $249K (revenue +77.0% year-over-year).
- 2018: Revenue of $106K, expenses of $11K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tango2 Research Foundation Incorporated:
Data Sources and Methodology
This transparency report for Tango2 Research Foundation Incorporated 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.