Td Charitable Foundation
Td Charitable Foundation consistently allocates nearly all expenses to programs with no officer compensation.
EIN: 141864317 · Portland, ME · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.3M |
| Total Expenses | $22.7M |
| Program Spending | 99% |
| Net Assets | $6.0M |
| Transparency Score | 95/100 |
Is Td Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Td Charitable Foundation directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Td Charitable Foundation
Td Charitable Foundation (EIN: 141864317) is a nonprofit organization based in Portland, ME, classified under NTEE code T20. The organization reported total revenue of $27.3M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Td Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Td Charitable Foundation is a large nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.1M |
| Total Expenses | $22.7M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $6.0M |
| Total Liabilities | $16K |
| Net Assets | $6.0M |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Td Charitable Foundation reported a surplus of $2.4M with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Td Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | +7.2% | +51.4% |
| 2022 | +5.3% | +3.0% | +1.6% |
| 2021 | -21.9% | -19.4% | +5.8% |
| 2020 | +10.7% | +20.1% | -8.9% |
| 2019 | +2327.2% | +23.7% | -81.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Td Charitable Foundation with a Mission Score of 95 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Td Charitable Foundation allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 surplus of $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated by an affiliated entity, which is a strong positive for a grant-making organization of its size.
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.
Strengths
The following positive indicators were identified for Td Charitable Foundation:
- Consistent 0% officer compensation across all filings.
- High program spending efficiency, typical for a grant-making foundation.
- Healthy revenue generation consistently exceeding expenses in recent years (e.g., $25,145,042 revenue vs. $22,745,940 expenses in 2023).
- Positive asset growth trend in recent years ($3.9M in 2021 to $6M in 2023).
- Low liabilities relative to assets, indicating strong financial stability.
Frequently Asked Questions about Td Charitable Foundation
Is Td Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Td Charitable Foundation (EIN: 141864317) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Td Charitable Foundation spend its money?
Td Charitable Foundation directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Td Charitable Foundation tax-deductible?
Td Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 141864317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Td Charitable Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Td Charitable Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Td Charitable Foundation located?
Td Charitable Foundation is headquartered in Portland, Maine and files with the IRS under EIN 141864317. It is classified under NTEE code T20.
How many years of IRS 990 filings does Td Charitable Foundation have?
Td 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 $27.3M in total revenue.
Is Td Charitable Foundation a good charity?
Yes, Td Charitable Foundation appears to be a very good charity. It consistently reports 0% officer compensation and, as a grant-making foundation, virtually all its expenses are directed towards its charitable programs (grants), indicating high efficiency and a strong commitment to its mission.
How does Td Charitable Foundation manage its administrative costs?
The foundation manages its administrative costs exceptionally well, as evidenced by the consistent reporting of 0% officer compensation in all available filings. This suggests very low overhead or that administrative functions are supported by an affiliated entity, allowing nearly all funds to go directly to programs.
What is the trend in Td Charitable Foundation's assets?
Td Charitable Foundation's assets have shown a recent upward trend, increasing from $3,899,123 in 2021 to $5,998,486 in 2023. However, historically, assets were much higher (e.g., $83,686,928 in 2011), indicating a significant distribution or restructuring in the past, but current growth is positive.
Filing History
IRS 990 filing history for Td Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Td Charitable Foundation's revenue has grown by 143.5%, moving from $10.3M to $25.1M. Total assets decreased by 92.8% over the same period, from $83.7M to $6.0M. Total functional expenses rose by 44%, from $15.8M to $22.7M. In its most recent filing year (2023), Td Charitable Foundation reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $16K in liabilities against $6.0M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.1M | $22.7M | $6.0M | $16K | — | View 990 |
| 2022 | $21.6M | $21.2M | $4.0M | $377K | — | View 990 |
| 2021 | $20.6M | $20.6M | $3.9M | $745K | — | View 990 |
| 2020 | $26.3M | $25.6M | $3.7M | $879K | — | — |
| 2019 | $23.8M | $21.3M | $4.0M | $2.8M | — | View 990 |
| 2015 | $980K | $17.2M | $21.9M | $105K | — | View 990 |
| 2014 | $1.4M | $17.4M | $39.0M | $317K | — | View 990 |
| 2013 | $6.2M | $16.9M | $57.3M | $2.9M | — | View 990 |
| 2012 | $2.0M | $15.7M | $70.5M | $3.4M | — | View 990 |
| 2011 | $10.3M | $15.8M | $83.7M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.1M, expenses of $22.7M, and assets of $6.0M (revenue +16.2% year-over-year).
- 2022: Revenue of $21.6M, expenses of $21.2M, and assets of $4.0M (revenue +5.3% year-over-year).
- 2021: Revenue of $20.6M, expenses of $20.6M, and assets of $3.9M (revenue -21.9% year-over-year).
- 2020: Revenue of $26.3M, expenses of $25.6M, and assets of $3.7M (revenue +10.7% year-over-year).
- 2019: Revenue of $23.8M, expenses of $21.3M, and assets of $4.0M (revenue +2327.2% year-over-year).
- 2015: Revenue of $980K, expenses of $17.2M, and assets of $21.9M (revenue -27.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $17.4M, and assets of $39.0M (revenue -78.1% year-over-year).
- 2013: Revenue of $6.2M, expenses of $16.9M, and assets of $57.3M (revenue +213.9% year-over-year).
- 2012: Revenue of $2.0M, expenses of $15.7M, and assets of $70.5M (revenue -81.0% year-over-year).
- 2011: Revenue of $10.3M, expenses of $15.8M, and assets of $83.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Td Charitable Foundation:
Data Sources and Methodology
This transparency report for Td 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.