Tilley Charitable Foundation
Tilley Charitable Foundation consistently grows assets with minimal expenses and no officer compensation.
EIN: 203825855 · Jamestown, RI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $175K |
| Program Spending | 90% |
| Net Assets | $3.3M |
| Transparency Score | 95/100 |
Is Tilley Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tilley Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tilley Charitable Foundation
Tilley Charitable Foundation (EIN: 203825855) is a nonprofit organization based in Jamestown, RI, classified under NTEE code T22. The organization reported total revenue of $1.2M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tilley Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tilley Charitable Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $175K |
| Surplus / Deficit | +$499K |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | 74.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 228.0 months |
Financial Health Grade: A
In 2023, Tilley Charitable Foundation reported a surplus of $499K with revenue exceeding expenses, holds 228.0 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), Tilley Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +173.9% | -82.0% | +17.6% |
| 2022 | -62.2% | +524.7% | -20.5% |
| 2021 | +17.9% | +15.1% | +16.1% |
| 2020 | +17.6% | +7.7% | +15.7% |
| 2019 | +243.1% | -13.6% | +71.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Tilley 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Tilley Charitable Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $499K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Tilley Charitable Foundation reports 0% officer compensation across all available filings, indicating that no executive salaries are drawn from the organization's funds, which is highly commendable for a foundation 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.
Red Flags
The following concerns were identified during AI analysis of Tilley Charitable Foundation's IRS 990 filings:
- Expenses exceeded revenue in 2022 ($974,679 expenses vs. $245,980 revenue), which warrants a closer look, though it appears to be an anomaly in an otherwise strong financial history.
Strengths
The following positive indicators were identified for Tilley Charitable Foundation:
- Consistent asset growth, from $1.17M in 2011 to $3.84M currently.
- 0% officer compensation reported across all filings, indicating high efficiency and transparency.
- Generally low expenses relative to revenue, demonstrating strong financial management.
- Minimal liabilities reported across all filing periods, indicating financial stability.
Frequently Asked Questions about Tilley Charitable Foundation
Is Tilley Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tilley Charitable Foundation (EIN: 203825855) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Tilley Charitable Foundation spend its money?
Tilley Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tilley Charitable Foundation tax-deductible?
Tilley Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 203825855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Tilley Charitable Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Tilley Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tilley Charitable Foundation located?
Tilley Charitable Foundation is headquartered in Jamestown, Rhode Island and files with the IRS under EIN 203825855. It is classified under NTEE code T22.
How many years of IRS 990 filings does Tilley Charitable Foundation have?
Tilley 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 $1.2M in total revenue.
Is Tilley Charitable Foundation a good charity?
Based on its financial data, Tilley Charitable Foundation appears to be a very good charity. It consistently maintains low expenses relative to revenue, has a growing asset base, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How does Tilley Charitable Foundation manage its assets?
The foundation has demonstrated strong asset management, with total assets growing from $1,174,711 in 2011 to $3,844,603 currently. This consistent growth, alongside generally low expenses, suggests a focus on building long-term financial stability.
What is the Tilley Charitable Foundation's spending efficiency?
The foundation exhibits high spending efficiency. In 2023, expenses were $175,270 against revenue of $673,826, meaning a significant portion of its income was retained or directed towards its mission. The absence of officer compensation further enhances its efficiency.
Filing History
IRS 990 filing history for Tilley Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tilley Charitable Foundation's revenue has grown by 1328.1%, moving from $47K to $674K. Total assets increased by 183.5% over the same period, from $1.2M to $3.3M. Total functional expenses rose by 99.5%, from $88K to $175K. In its most recent filing year (2023), Tilley Charitable Foundation reported a surplus of $499K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $674K | $175K | $3.3M | $1 | — | View 990 |
| 2022 | $246K | $975K | $2.8M | $1 | — | View 990 |
| 2021 | $650K | $156K | $3.6M | $1 | — | — |
| 2020 | $552K | $136K | $3.1M | $1 | — | View 990 |
| 2019 | $469K | $126K | $2.7M | $0 | — | View 990 |
| 2015 | $137K | $146K | $1.5M | $0 | — | View 990 |
| 2014 | $201K | $80K | $1.6M | $0 | — | View 990 |
| 2013 | $251K | $69K | $1.4M | $0 | — | View 990 |
| 2012 | $145K | $66K | $1.3M | $0 | — | View 990 |
| 2011 | $47K | $88K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $674K, expenses of $175K, and assets of $3.3M (revenue +173.9% year-over-year).
- 2022: Revenue of $246K, expenses of $975K, and assets of $2.8M (revenue -62.2% year-over-year).
- 2021: Revenue of $650K, expenses of $156K, and assets of $3.6M (revenue +17.9% year-over-year).
- 2020: Revenue of $552K, expenses of $136K, and assets of $3.1M (revenue +17.6% year-over-year).
- 2019: Revenue of $469K, expenses of $126K, and assets of $2.7M (revenue +243.1% year-over-year).
- 2015: Revenue of $137K, expenses of $146K, and assets of $1.5M (revenue -32.1% year-over-year).
- 2014: Revenue of $201K, expenses of $80K, and assets of $1.6M (revenue -19.8% year-over-year).
- 2013: Revenue of $251K, expenses of $69K, and assets of $1.4M (revenue +73.3% year-over-year).
- 2012: Revenue of $145K, expenses of $66K, and assets of $1.3M (revenue +206.9% year-over-year).
- 2011: Revenue of $47K, expenses of $88K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tilley Charitable Foundation:
Data Sources and Methodology
This transparency report for Tilley 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.