Tasis Foundation Inc
Tasis Foundation Inc reports significant revenue surplus and asset growth with no officer compensation in latest filing.
EIN: 136225772 · Alexandria, VA · NTEE: Q123 · Updated: 2026-03-28
Is Tasis Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tasis Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tasis Foundation Inc
Tasis Foundation Inc (EIN: 136225772) is a nonprofit organization based in Alexandria, VA, classified under NTEE code Q123. The organization reported total revenue of $4.0M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tasis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tasis Foundation Inc is a mid-size nonprofit that has been operating for 58 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $606K |
| Surplus / Deficit | +$3.1M |
| Total Assets | $7.0M |
| Net Assets | $7.0M |
| Operating Margin | 83.7% |
| Months of Reserves | 139.1 months |
Financial Health Grade: A
In 2024, Tasis Foundation Inc reported a surplus of $3.1M with revenue exceeding expenses, holds 139.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Tasis Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +399.0% | -3.1% | +103.1% |
| 2023 | +185.8% | +211.5% | +13.1% |
| 2022 | -25.6% | -35.8% | -15.2% |
| 2021 | +270.9% | -45.5% | +30.5% |
| 2020 | -82.1% | -39.8% | -14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
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 Tasis Foundation Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Tasis Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.1M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with over $4 million in annual revenue and $7 million in assets, suggesting a volunteer-led executive team or that compensation is covered by an affiliated entity.
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 Tasis Foundation Inc's IRS 990 filings:
- Significant fluctuations in annual revenue and expenses over time, indicating potential variability in funding or program activities (e.g., revenue from $94,695 in 202006 to $3,728,109 in 202406).
Strengths
The following positive indicators were identified for Tasis Foundation Inc:
- Strong program spending efficiency, with expenses significantly lower than revenue in the latest period ($606,196 expenses vs. $3,728,109 revenue in 202406).
- Consistent reporting of 0% officer compensation, indicating high resource allocation to mission and transparency.
- Substantial asset growth, nearly doubling from $3,459,684 to $7,028,315 in the most recent year.
- Minimal to no liabilities reported in most recent filings, indicating a healthy balance sheet.
- Significant revenue generation in the latest period, demonstrating strong financial capacity.
Frequently Asked Questions about Tasis Foundation Inc
Is Tasis Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tasis Foundation Inc (EIN: 136225772) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Tasis Foundation Inc spend its money?
Tasis Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tasis Foundation Inc tax-deductible?
Tasis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136225772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Tasis Foundation Inc financially stable?
Yes, Tasis Foundation Inc appears financially stable. In the 202406 period, it reported $3,728,109 in revenue against $606,196 in expenses, resulting in a significant surplus. Its assets have also grown substantially to $7,028,315, with liabilities consistently at $0 in recent years.
How does Tasis Foundation Inc manage executive compensation?
Tasis Foundation Inc consistently reports 0% officer compensation across all 14 available filings, including the latest period with over $4 million in revenue. This indicates that no officers are compensated by the organization directly, which is a strong positive for resource allocation.
What is the trend in Tasis Foundation Inc's assets?
The organization's assets have shown significant growth, particularly from $3,459,684 in 202306 to $7,028,315 in 202406. This represents a substantial increase and indicates effective asset management or successful capital campaigns.
Does Tasis Foundation Inc have any liabilities?
For most recent periods, including 202406, 202306, 202206, 202006, 201906, 201806, 201706, 201606, and 201506, Tasis Foundation Inc reported $0 in liabilities. There was a period in 202106 where liabilities were $152,100, but this has since been resolved.
Filing History
IRS 990 filing history for Tasis Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Tasis Foundation Inc's revenue has grown by 546.9%, moving from $576K to $3.7M. Total assets increased by 212.2% over the same period, from $2.3M to $7.0M. Total functional expenses rose by 148.5%, from $244K to $606K. In its most recent filing year (2024), Tasis Foundation Inc reported a surplus of $3.1M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.7M | $606K | $7.0M | $0 | — | View 990 |
| 2023 | $747K | $625K | $3.5M | $0 | — | View 990 |
| 2022 | $261K | $201K | $3.1M | $0 | — | View 990 |
| 2021 | $351K | $313K | $3.6M | $152K | — | — |
| 2020 | $95K | $574K | $2.8M | $0 | — | View 990 |
| 2019 | $529K | $954K | $3.2M | $0 | — | View 990 |
| 2018 | $331K | $199K | $3.9M | $0 | — | — |
| 2017 | $345K | $250K | $3.7M | $0 | — | View 990 |
| 2016 | $820K | $180K | $3.4M | $0 | — | View 990 |
| 2015 | $304K | $144K | $2.8M | $0 | — | View 990 |
| 2014 | $371K | $295K | $2.8M | $0 | — | View 990 |
| 2013 | $447K | $207K | $2.6M | $0 | — | View 990 |
| 2012 | $319K | $153K | $2.4M | $0 | — | View 990 |
| 2011 | $576K | $244K | $2.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.7M, expenses of $606K, and assets of $7.0M (revenue +399.0% year-over-year).
- 2023: Revenue of $747K, expenses of $625K, and assets of $3.5M (revenue +185.8% year-over-year).
- 2022: Revenue of $261K, expenses of $201K, and assets of $3.1M (revenue -25.6% year-over-year).
- 2021: Revenue of $351K, expenses of $313K, and assets of $3.6M (revenue +270.9% year-over-year).
- 2020: Revenue of $95K, expenses of $574K, and assets of $2.8M (revenue -82.1% year-over-year).
- 2019: Revenue of $529K, expenses of $954K, and assets of $3.2M (revenue +59.9% year-over-year).
- 2018: Revenue of $331K, expenses of $199K, and assets of $3.9M (revenue -4.1% year-over-year).
- 2017: Revenue of $345K, expenses of $250K, and assets of $3.7M (revenue -58.0% year-over-year).
- 2016: Revenue of $820K, expenses of $180K, and assets of $3.4M (revenue +170.2% year-over-year).
- 2015: Revenue of $304K, expenses of $144K, and assets of $2.8M (revenue -18.2% year-over-year).
- 2014: Revenue of $371K, expenses of $295K, and assets of $2.8M (revenue -17.0% year-over-year).
- 2013: Revenue of $447K, expenses of $207K, and assets of $2.6M (revenue +40.2% year-over-year).
- 2012: Revenue of $319K, expenses of $153K, and assets of $2.4M (revenue -44.7% year-over-year).
- 2011: Revenue of $576K, expenses of $244K, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Tasis 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.