Task Foundation
Task Foundation faces persistent operating deficits and declining assets over the past decade.
EIN: 131968353 · Wilmington, DE · Updated: 2026-03-28
Is Task Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Task Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Task Foundation
Task Foundation (EIN: 131968353) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $353K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Task Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Task Foundation is a small nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $276K |
| Surplus / Deficit | $-105,735 |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | -62.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.4 months |
Financial Health Grade: B
In 2023, Task Foundation reported a deficit of $106K with expenses exceeding revenue, holds 111.4 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), Task Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.7% | -7.5% | -4.0% |
| 2022 | +11.2% | +19.3% | -5.3% |
| 2021 | +85.7% | +11.4% | -4.0% |
| 2020 | -57.0% | -0.4% | -4.9% |
| 2019 | -51.8% | +14.5% | -17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Task Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Task Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, 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 no officers or key employees received compensation, which is a positive sign for 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 Task Foundation's IRS 990 filings:
- Consistent operating deficits (e.g., 2023: $170,537 revenue vs. $276,272 expenses)
- Steady decline in total assets over more than a decade (from $4.9M in 2011 to $2.5M in 2023)
- Significant negative revenue reported in 2012 ($-316,286) alongside high expenses ($1,627,771)
- Lack of detailed expense breakdown to assess program efficiency
Strengths
The following positive indicators were identified for Task Foundation:
- 0% officer compensation reported across all filings, indicating no executive pay
- Low liabilities reported in most recent years (e.g., $1 in 2023, 2022, 2021, 2020)
Frequently Asked Questions about Task Foundation
Is Task Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Task Foundation (EIN: 131968353) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Task Foundation spend its money?
Task Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Task Foundation tax-deductible?
Task Foundation is registered as a tax-exempt nonprofit (EIN: 131968353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Task Foundation a good charity?
Task Foundation's consistent operating deficits and declining assets suggest financial instability, which could impact its long-term ability to fulfill its mission. While executive compensation is zero, the overall financial health raises concerns.
Why are Task Foundation's assets consistently declining?
The consistent decline in assets, from $4,917,188 in 2011 to $2,565,460 in 2023, is primarily due to the organization's expenses frequently exceeding its revenues, leading to sustained operating losses.
What caused the significant negative revenue in 2012?
The filing for Period 201212 shows a revenue of $-316,286 and expenses of $1,627,771. This significant negative revenue is an unusual event that would require reviewing the original 990 form to understand the specific financial transactions that led to this figure, such as large returns or adjustments.
How does Task Foundation cover its operating deficits?
Task Foundation appears to be covering its operating deficits by drawing down its existing assets, as evidenced by the continuous decrease in its asset base over the years.
Filing History
IRS 990 filing history for Task Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Task Foundation's revenue has grown by 250.6%, moving from $49K to $171K. Total assets decreased by 47.8% over the same period, from $4.9M to $2.6M. Total functional expenses rose by 45.4%, from $190K to $276K. In its most recent filing year (2023), Task Foundation reported a deficit of $106K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $276K | $2.6M | $1 | — | — |
| 2022 | $149K | $299K | $2.7M | $1 | — | View 990 |
| 2021 | $134K | $250K | $2.8M | $1 | — | View 990 |
| 2020 | $72K | $225K | $2.9M | $1 | — | — |
| 2019 | $167K | $226K | $3.1M | $0 | — | View 990 |
| 2015 | $347K | $197K | $3.8M | $22K | — | View 990 |
| 2014 | $54K | $51K | $4.0M | $18K | — | View 990 |
| 2013 | $190K | $98K | $3.8M | $22K | — | View 990 |
| 2012 | $-316,286 | $1.6M | $3.5M | $27K | — | View 990 |
| 2011 | $49K | $190K | $4.9M | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $276K, and assets of $2.6M (revenue +14.7% year-over-year).
- 2022: Revenue of $149K, expenses of $299K, and assets of $2.7M (revenue +11.2% year-over-year).
- 2021: Revenue of $134K, expenses of $250K, and assets of $2.8M (revenue +85.7% year-over-year).
- 2020: Revenue of $72K, expenses of $225K, and assets of $2.9M (revenue -57.0% year-over-year).
- 2019: Revenue of $167K, expenses of $226K, and assets of $3.1M (revenue -51.8% year-over-year).
- 2015: Revenue of $347K, expenses of $197K, and assets of $3.8M (revenue +540.2% year-over-year).
- 2014: Revenue of $54K, expenses of $51K, and assets of $4.0M (revenue -71.5% year-over-year).
- 2013: Revenue of $190K, expenses of $98K, and assets of $3.8M.
- 2012: Revenue of $-316,286, expenses of $1.6M, and assets of $3.5M (revenue -750.3% year-over-year).
- 2011: Revenue of $49K, expenses of $190K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Task Foundation:
Data Sources and Methodology
This transparency report for Task 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.