Theresa Plunkett Foundation
Theresa Plunkett Foundation maintains stable assets despite fluctuating revenue and occasional operating deficits.
EIN: 201078653 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $556K |
| Total Expenses | $240K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3.5 |
| Net Assets | $3.5M |
| Transparency Score | 75/100 |
Is Theresa Plunkett Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Theresa Plunkett Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Theresa Plunkett Foundation
Theresa Plunkett Foundation (EIN: 201078653) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $556K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Theresa Plunkett Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Theresa Plunkett Foundation is a small nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $240K |
| Surplus / Deficit | $-80,042 |
| Total Assets | $3.5M |
| Total Liabilities | $1 |
| Net Assets | $3.5M |
| Operating Margin | -50.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 177.4 months |
Financial Health Grade: B
In 2023, Theresa Plunkett Foundation reported a deficit of $80K with expenses exceeding revenue, holds 177.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2023), Theresa Plunkett Foundation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -59.5% | -2.1% | -2.3% |
| 2022 | +52.6% | +2.3% | +4.3% |
| 2021 | +42.3% | +9.9% | +0.5% |
| 2020 | -81.8% | -8.3% | -3.3% |
| 2016 | +313.4% | -1.4% | +26.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Theresa Plunkett Foundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Theresa Plunkett Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 deficit of $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, which is highly unusual for an organization with over $3.5 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 Theresa Plunkett Foundation's IRS 990 filings:
- Unknown NTEE code, making it difficult to assess mission alignment and program effectiveness.
- Consistent operating deficits in recent years (e.g., $80,042 in 202303) without clear explanation of how they are sustained.
- No reported officer compensation, which, while potentially efficient, can sometimes indicate a lack of transparency regarding leadership structure or compensation methods.
Strengths
The following positive indicators were identified for Theresa Plunkett Foundation:
- Strong and stable asset base of over $3.5 million, providing long-term financial security.
- Consistent and relatively low liabilities ($0-$1 across all filings), indicating sound financial management.
- Stable expense levels over many years, suggesting predictable and controlled operational costs.
Frequently Asked Questions about Theresa Plunkett Foundation
Is Theresa Plunkett Foundation a legitimate charity?
Theresa Plunkett Foundation (EIN: 201078653) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 8 years of IRS 990 filings on record. Total revenue: $556K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Theresa Plunkett Foundation spend its money?
Theresa Plunkett Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Theresa Plunkett Foundation tax-deductible?
Theresa Plunkett Foundation is registered as a tax-exempt nonprofit (EIN: 201078653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Theresa Plunkett Foundation CEO make?
Theresa Plunkett Foundation's highest-compensated officer earns $3.5 annually. The organization reported $556K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Theresa Plunkett Foundation located?
Theresa Plunkett Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 201078653.
How many years of IRS 990 filings does Theresa Plunkett Foundation have?
Theresa Plunkett Foundation has 8 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 $556K in total revenue.
What is the primary purpose or program activity of the Theresa Plunkett Foundation, given its NTEE code is unknown?
Without an NTEE code or detailed program descriptions in the provided data, it's unclear what specific charitable activities the Theresa Plunkett Foundation undertakes. This lack of information limits a full assessment of its programmatic impact.
How does the Theresa Plunkett Foundation cover its operating deficits, such as the $80,042 deficit in 202303, given its consistent asset base?
The consistent asset base of over $3.5 million suggests that operating deficits are likely covered by investment income, draws from an endowment, or other non-revenue sources not detailed in the provided summary. This indicates a reliance on accumulated wealth rather than solely on annual contributions.
Why is there no reported officer compensation for an organization with significant assets?
The consistent reporting of 0% officer compensation across all filings suggests that the foundation may be entirely volunteer-run at the executive level, or that executive services are provided pro bono or through a separate entity, which could be a sign of efficiency but also warrants further inquiry into governance structure.
Filing History
IRS 990 filing history for Theresa Plunkett Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Theresa Plunkett Foundation's revenue has declined by 10.3%, moving from $178K to $160K. Total assets increased by 25.9% over the same period, from $2.8M to $3.5M. Total functional expenses rose by 22.7%, from $195K to $240K. In its most recent filing year (2023), Theresa Plunkett Foundation reported a deficit of $80K, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $240K | $3.5M | $1 | — | View 990 |
| 2022 | $394K | $245K | $3.6M | $1 | — | View 990 |
| 2021 | $258K | $239K | $3.5M | $1 | — | — |
| 2020 | $181K | $218K | $3.5M | $0 | — | View 990 |
| 2016 | $994K | $238K | $3.6M | $0 | — | View 990 |
| 2015 | $241K | $241K | $2.8M | $0 | — | View 990 |
| 2013 | $44K | $186K | $2.7M | $0 | — | View 990 |
| 2012 | $178K | $195K | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $240K, and assets of $3.5M (revenue -59.5% year-over-year).
- 2022: Revenue of $394K, expenses of $245K, and assets of $3.6M (revenue +52.6% year-over-year).
- 2021: Revenue of $258K, expenses of $239K, and assets of $3.5M (revenue +42.3% year-over-year).
- 2020: Revenue of $181K, expenses of $218K, and assets of $3.5M (revenue -81.8% year-over-year).
- 2016: Revenue of $994K, expenses of $238K, and assets of $3.6M (revenue +313.4% year-over-year).
- 2015: Revenue of $241K, expenses of $241K, and assets of $2.8M (revenue +440.9% year-over-year).
- 2013: Revenue of $44K, expenses of $186K, and assets of $2.7M (revenue -75.0% year-over-year).
- 2012: Revenue of $178K, expenses of $195K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Theresa Plunkett Foundation:
Data Sources and Methodology
This transparency report for Theresa Plunkett 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.