Titus Foundation
Titus Foundation shows significant asset growth and minimal liabilities with zero reported officer compensation.
EIN: 203466900 · Denver, CO · NTEE: T22 · Updated: 2026-03-28
Is Titus Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Titus Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Titus Foundation
Titus Foundation (EIN: 203466900) is a nonprofit organization based in Denver, CO, classified under NTEE code T22. The organization reported total revenue of $19.7M and total assets of $31.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Titus Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Titus Foundation is a large nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$750K |
| Total Assets | $27.7M |
| Total Liabilities | $1 |
| Net Assets | $27.7M |
| Operating Margin | 26.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.5 months |
Financial Health Grade: A
In 2023, Titus Foundation reported a surplus of $750K with revenue exceeding expenses, holds 158.5 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), Titus Foundation's revenue has grown at a compound annual growth rate (CAGR) of 31.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.1% | +102.4% | -3.8% |
| 2022 | -17.3% | -2.0% | +27.1% |
| 2021 | +265.8% | -0.5% | +50.4% |
| 2020 | -44.3% | -22.5% | +4.3% |
| 2019 | +1031.7% | +134.0% | +457.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Titus Foundation 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Titus 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 surplus of $750K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Titus Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size with $19.6 million in latest revenue and $31.7 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 Titus Foundation's IRS 990 filings:
- Significant disparity between revenue and expenses leading to large asset accumulation, which may indicate funds are not being fully deployed for current programmatic needs.
- Consistent $0 officer compensation for an organization with $19.6 million in revenue and $31.7 million in assets is unusual and could warrant further investigation into how leadership is supported or compensated.
Strengths
The following positive indicators were identified for Titus Foundation:
- Exceptional financial stability with assets growing from $2.7 million to $31.7 million over a decade.
- Extremely low liabilities, consistently reported as $1, indicating strong financial management and minimal debt.
- Zero reported officer compensation, suggesting a highly volunteer-driven leadership or a strong commitment to minimizing executive overhead.
- High efficiency in retaining funds, as expenses are consistently much lower than revenue, contributing to a robust endowment for future activities.
Frequently Asked Questions about Titus Foundation
Is Titus Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Titus Foundation (EIN: 203466900) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Titus Foundation spend its money?
Titus Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Titus Foundation tax-deductible?
Titus Foundation is registered as a tax-exempt nonprofit (EIN: 203466900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Titus Foundation manage to operate with $0 officer compensation?
The filings consistently show $0 for officer compensation, which suggests that executive leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, or that the foundation primarily operates as a pass-through entity with minimal direct operational staff.
What is the primary use of the significant asset accumulation?
Given the NTEE code T22 (Private Grantmaking Foundations), the substantial growth in assets from $2.7 million in 2011 to $31.7 million currently, coupled with expenses consistently lower than revenue, suggests that the foundation is building an endowment to support future grantmaking activities or other long-term philanthropic endeavors.
What is the breakdown of program spending versus administrative costs?
Without detailed expense breakdowns in the provided data, it's challenging to give exact percentages. However, the overall expenses are significantly lower than revenue, implying a lean operational structure. Assuming the majority of the reported expenses are program-related, and given the $0 officer compensation, administrative costs appear to be very low relative to the organization's financial scale.
Filing History
IRS 990 filing history for Titus Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Titus Foundation's revenue has grown by 2644.3%, moving from $104K to $2.8M. Total assets increased by 921.7% over the same period, from $2.7M to $27.7M. Total functional expenses rose by 709.3%, from $259K to $2.1M. In its most recent filing year (2023), Titus Foundation reported a surplus of $750K, with revenue exceeding expenses. The organization holds $1 in liabilities against $27.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.1M | $27.7M | $1 | — | — |
| 2022 | $7.3M | $1.0M | $28.8M | $1 | — | View 990 |
| 2021 | $8.9M | $1.1M | $22.7M | $1 | — | View 990 |
| 2020 | $2.4M | $1.1M | $15.1M | $1 | — | — |
| 2019 | $4.3M | $1.4M | $14.5M | $1 | — | View 990 |
| 2015 | $384K | $586K | $2.6M | $1 | — | View 990 |
| 2014 | $590K | $587K | $2.8M | $1 | — | View 990 |
| 2013 | $1.3M | $278K | $2.9M | $1 | — | View 990 |
| 2012 | $169K | $251K | $2.7M | $1 | — | View 990 |
| 2011 | $104K | $259K | $2.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.1M, and assets of $27.7M (revenue -61.1% year-over-year).
- 2022: Revenue of $7.3M, expenses of $1.0M, and assets of $28.8M (revenue -17.3% year-over-year).
- 2021: Revenue of $8.9M, expenses of $1.1M, and assets of $22.7M (revenue +265.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.1M, and assets of $15.1M (revenue -44.3% year-over-year).
- 2019: Revenue of $4.3M, expenses of $1.4M, and assets of $14.5M (revenue +1031.7% year-over-year).
- 2015: Revenue of $384K, expenses of $586K, and assets of $2.6M (revenue -35.0% year-over-year).
- 2014: Revenue of $590K, expenses of $587K, and assets of $2.8M (revenue -54.9% year-over-year).
- 2013: Revenue of $1.3M, expenses of $278K, and assets of $2.9M (revenue +676.7% year-over-year).
- 2012: Revenue of $169K, expenses of $251K, and assets of $2.7M (revenue +62.7% year-over-year).
- 2011: Revenue of $104K, expenses of $259K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Titus Foundation:
Data Sources and Methodology
This transparency report for Titus 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.