The Toffey Family Charitable
The Toffey Family Charitable maintains substantial assets while experiencing volatile annual revenues and no officer compensation.
EIN: 136955166 · Kennebunk, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $617K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.2M |
| Transparency Score | 85/100 |
Is The Toffey Family Charitable Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Toffey Family Charitable directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Toffey Family Charitable
The Toffey Family Charitable (EIN: 136955166) is a nonprofit organization based in Kennebunk, ME. The organization reported total revenue of $283K and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Toffey Family Charitable's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Toffey Family Charitable is a small nonprofit that has been operating for 35 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $332K |
| Total Expenses | $617K |
| Surplus / Deficit | $-285,556 |
| Total Assets | $8.2M |
| Total Liabilities | $1 |
| Net Assets | $8.2M |
| Operating Margin | -86.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 159.3 months |
Financial Health Grade: B
In 2024, The Toffey Family Charitable reported a deficit of $286K with expenses exceeding revenue, holds 159.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), The Toffey Family Charitable's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.6% | -43.7% | -3.3% |
| 2023 | -89.0% | +171.3% | -8.8% |
| 2022 | +2180.8% | -32.8% | +29.4% |
| 2021 | -97.3% | -21.6% | -6.4% |
| 2020 | +610.1% | +14.8% | +78.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 The Toffey Family Charitable 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, The Toffey Family Charitable 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $286K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with over $8 million in assets.
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 The Toffey Family Charitable's IRS 990 filings:
- Significant year-over-year revenue volatility, making financial planning potentially challenging.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes precise efficiency assessment difficult.
Strengths
The following positive indicators were identified for The Toffey Family Charitable:
- Strong and growing asset base, reaching over $8 million in 2024, providing financial resilience.
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive costs.
- Minimal liabilities, demonstrating sound financial management and no significant debt.
- Consistent IRS 990 filing history, indicating good transparency practices.
Frequently Asked Questions about The Toffey Family Charitable
Is The Toffey Family Charitable a legitimate charity?
The Toffey Family Charitable (EIN: 136955166) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $283K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Toffey Family Charitable spend its money?
The Toffey Family Charitable directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Toffey Family Charitable tax-deductible?
The Toffey Family Charitable is registered as a tax-exempt nonprofit (EIN: 136955166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Toffey Family Charitable CEO make?
The Toffey Family Charitable's highest-compensated officer earns $8 annually. The organization reported $283K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is The Toffey Family Charitable located?
The Toffey Family Charitable is headquartered in Kennebunk, Maine and files with the IRS under EIN 136955166.
How many years of IRS 990 filings does The Toffey Family Charitable have?
The Toffey Family Charitable has 11 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 $283K in total revenue.
Is The Toffey Family Charitable financially stable?
Yes, despite fluctuating annual revenues, the organization maintains a strong asset base of over $8 million, providing significant financial stability.
How does The Toffey Family Charitable manage its administrative costs?
Administrative costs appear to be very low, as evidenced by the consistent reporting of 0% officer compensation across all available filings.
What causes the significant year-to-year revenue fluctuations?
The data suggests the organization may rely on large, infrequent contributions or investment income, leading to substantial variations in annual revenue, such as $2.5 million in 2022 versus $277,326 in 2023.
Does the organization have any debt?
No, the organization consistently reports minimal liabilities ($1 in recent years, $0 previously), indicating a lack of significant debt.
Filing History
IRS 990 filing history for The Toffey Family Charitable showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), The Toffey Family Charitable's revenue has grown by 172.6%, moving from $122K to $332K. Total assets increased by 279.6% over the same period, from $2.2M to $8.2M. Total functional expenses rose by 620.6%, from $86K to $617K. In its most recent filing year (2024), The Toffey Family Charitable reported a deficit of $286K, with expenses exceeding revenue. The organization holds $1 in liabilities against $8.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $332K | $617K | $8.2M | $1 | — | — |
| 2023 | $277K | $1.1M | $8.5M | $1 | — | View 990 |
| 2022 | $2.5M | $404K | $9.3M | $1 | — | View 990 |
| 2021 | $110K | $601K | $7.2M | $1 | — | — |
| 2020 | $4.1M | $767K | $7.7M | $1 | — | View 990 |
| 2019 | $584K | $669K | $4.3M | $0 | — | View 990 |
| 2016 | $51K | $210K | $2.8M | $0 | — | View 990 |
| 2015 | $339K | $156K | $3.0M | $0 | — | View 990 |
| 2014 | $217K | $160K | $2.8M | $0 | — | View 990 |
| 2013 | $698K | $99K | $2.8M | $0 | — | View 990 |
| 2012 | $122K | $86K | $2.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $332K, expenses of $617K, and assets of $8.2M (revenue +19.6% year-over-year).
- 2023: Revenue of $277K, expenses of $1.1M, and assets of $8.5M (revenue -89.0% year-over-year).
- 2022: Revenue of $2.5M, expenses of $404K, and assets of $9.3M (revenue +2180.8% year-over-year).
- 2021: Revenue of $110K, expenses of $601K, and assets of $7.2M (revenue -97.3% year-over-year).
- 2020: Revenue of $4.1M, expenses of $767K, and assets of $7.7M (revenue +610.1% year-over-year).
- 2019: Revenue of $584K, expenses of $669K, and assets of $4.3M (revenue +1052.3% year-over-year).
- 2016: Revenue of $51K, expenses of $210K, and assets of $2.8M (revenue -85.1% year-over-year).
- 2015: Revenue of $339K, expenses of $156K, and assets of $3.0M (revenue +56.6% year-over-year).
- 2014: Revenue of $217K, expenses of $160K, and assets of $2.8M (revenue -69.0% year-over-year).
- 2013: Revenue of $698K, expenses of $99K, and assets of $2.8M (revenue +473.4% year-over-year).
- 2012: Revenue of $122K, expenses of $86K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Toffey Family Charitable:
Data Sources and Methodology
This transparency report for The Toffey Family Charitable 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.