Tlc Foundation Inc
Tlc Foundation Inc: Consistent Revenue, Declining Assets, and High Administrative Costs
EIN: 222517421 · Manchester, CT · NTEE: P300 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $256K |
| Total Expenses | $150K |
| Program Spending | 50% |
| Net Assets | $73K |
| Transparency Score | 65/100 |
Is Tlc Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tlc Foundation Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Tlc Foundation Inc
Tlc Foundation Inc (EIN: 222517421) is a nonprofit organization based in Manchester, CT, classified under NTEE code P300. The organization reported total revenue of $256K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tlc Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tlc Foundation Inc is a small nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $150K |
| Surplus / Deficit | +$33K |
| Total Assets | $79K |
| Total Liabilities | $6K |
| Net Assets | $73K |
| Operating Margin | 18.0% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2022, Tlc Foundation Inc reported a surplus of $33K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Tlc Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +30.0% | -8.8% | +1.9% |
| 2021 | -28.4% | -15.0% | -4.5% |
| 2020 | -5.7% | -6.6% | +8.4% |
| 2019 | +6.9% | -5.2% | -12.8% |
| 2018 | -1.1% | -14.4% | -18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Tlc Foundation Inc with a Mission Score of 65 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Tlc Foundation Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Tlc Foundation Inc's IRS 990 filings:
- Total assets have significantly declined from $170,045 in 2016 to $51,805 in 2022, indicating potential financial instability.
- The organization consistently reports 0% lobbying expenses, which may suggest limited advocacy efforts.
- Expenses frequently exceed revenue, as seen in 2021 ($164,134 expenses vs. $140,606 revenue) and 2018 ($217,986 expenses vs. $194,719 revenue).
Strengths
The following positive indicators were identified for Tlc Foundation Inc:
- Consistent revenue generation over the past eight years, averaging around $200,000 annually.
- Long operational history with consistent financial filings since at least 2015.
- No reported lobbying expenses, suggesting a focus on direct program delivery rather than political influence.
Frequently Asked Questions about Tlc Foundation Inc
Is Tlc Foundation Inc a legitimate charity?
Tlc Foundation Inc (EIN: 222517421) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $256K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Tlc Foundation Inc spend its money?
Tlc Foundation Inc directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Tlc Foundation Inc tax-deductible?
Tlc Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222517421). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tlc Foundation Inc's spending goes to programs?
Tlc Foundation Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Tlc Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Tlc Foundation Inc is above average for NTEE category P300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tlc Foundation Inc located?
Tlc Foundation Inc is headquartered in Manchester, Connecticut and files with the IRS under EIN 222517421. It is classified under NTEE code P300.
How many years of IRS 990 filings does Tlc Foundation Inc have?
Tlc Foundation Inc has 12 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 $256K in total revenue.
What does Tlc Foundation Inc do?
Tlc Foundation Inc is a nonprofit organization in the Human Services sector, located in Manchester, Connecticut. It is classified under NTEE code P300.
How much revenue does Tlc Foundation Inc have?
Tlc Foundation Inc reported total revenue of $256,279. Based on 12 IRS 990 filings on record.
What are Tlc Foundation Inc's total assets?
Tlc Foundation Inc holds total assets of $51,805 as reported in IRS 990 filings.
Where is Tlc Foundation Inc located?
Tlc Foundation Inc is based in Manchester, Connecticut.
What is Tlc Foundation Inc's EIN?
Tlc Foundation Inc's Employer Identification Number (EIN) is 222517421. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Tlc Foundation Inc?
Tlc Foundation Inc is classified under NTEE code P300 (Human Services).
Is Tlc Foundation Inc a registered 501(c)(3)?
Yes, Tlc Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222517421.
Does Tlc Foundation Inc file IRS Form 990?
Yes, Tlc Foundation Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202206.
What was Tlc Foundation Inc's revenue in 2022?
In the 202206 filing period, Tlc Foundation Inc reported total revenue of $182,723, total expenses of $149,745, and net assets of $78,820.
Is Tlc Foundation Inc's revenue growing or declining?
Tlc Foundation Inc's revenue is growing. Revenue went from $140,606 (202106) to $182,723 (202206), a +30.0% change. Based on 12 filings on record.
What is Tlc Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Tlc Foundation Inc covers tax period 202206. It shows revenue of $182,723, expenses of $149,745, total assets of $78,820, and liabilities of $6,133.
How much does Tlc Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Tlc Foundation Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Tlc Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Tlc Foundation Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Tlc Foundation Inc?
The following concerns were identified: Total assets have significantly declined from $170,045 in 2016 to $51,805 in 2022, indicating potential financial instability.. The organization consistently reports 0% lobbying expenses, which may suggest limited advocacy efforts.. Expenses frequently exceed revenue, as seen in 2021 ($164,134 expenses vs. $140,606 revenue) and 2018 ($217,986 expenses vs. $194,719 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Tlc Foundation Inc's strengths?
Positive indicators for Tlc Foundation Inc include: Consistent revenue generation over the past eight years, averaging around $200,000 annually.. Long operational history with consistent financial filings since at least 2015.. No reported lobbying expenses, suggesting a focus on direct program delivery rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Tlc Foundation Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Tlc Foundation Inc?
- Financial data consistently available for the past 8 years. - No compensation information is publicly disclosed in the provided data. - The organization's tax-exempt status (P300) is clearly stated. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the substantial decline in total assets from $170,045 in 2016 to $51,805 in 2022, despite relatively stable revenue?
The decline in assets could be due to consistent operational deficits where expenses exceeded revenue in multiple years, as well as potential asset depreciation or divestment not detailed in the provided summary data.
Given the consistent revenue, how does Tlc Foundation Inc manage to sustain operations with frequently higher expenses than revenue, and what is the source of funding for these deficits?
Sustained operations despite deficits likely rely on drawing down existing assets, utilizing reserves, or potentially receiving undisclosed grants or contributions that are not fully captured in the 'revenue' figure provided, or are categorized differently in full financial statements.
Filing History
IRS 990 filing history for Tlc Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Tlc Foundation Inc's revenue has grown by 2.4%, moving from $178K to $183K. Total assets decreased by 45.5% over the same period, from $145K to $79K. Total functional expenses fell by 14.2%, from $175K to $150K. In its most recent filing year (2022), Tlc Foundation Inc reported a surplus of $33K, with revenue exceeding expenses. The organization holds $6K in liabilities against $79K in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $73K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $183K | $150K | $79K | $6K | — | View 990 |
| 2021 | $141K | $164K | $77K | $38K | — | View 990 |
| 2020 | $196K | $193K | $81K | $18K | — | — |
| 2019 | $208K | $207K | $75K | $15K | — | View 990 |
| 2018 | $195K | $218K | $86K | $27K | — | View 990 |
| 2017 | $197K | $255K | $105K | $24K | — | View 990 |
| 2016 | $203K | $200K | $170K | $31K | — | View 990 |
| 2015 | $215K | $201K | $161K | $24K | — | View 990 |
| 2014 | $184K | $185K | $127K | $5K | — | View 990 |
| 2013 | $178K | $186K | $130K | $7K | — | View 990 |
| 2012 | $175K | $181K | $142K | $11K | — | View 990 |
| 2011 | $178K | $175K | $145K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $183K, expenses of $150K, and assets of $79K (revenue +30.0% year-over-year).
- 2021: Revenue of $141K, expenses of $164K, and assets of $77K (revenue -28.4% year-over-year).
- 2020: Revenue of $196K, expenses of $193K, and assets of $81K (revenue -5.7% year-over-year).
- 2019: Revenue of $208K, expenses of $207K, and assets of $75K (revenue +6.9% year-over-year).
- 2018: Revenue of $195K, expenses of $218K, and assets of $86K (revenue -1.1% year-over-year).
- 2017: Revenue of $197K, expenses of $255K, and assets of $105K (revenue -3.1% year-over-year).
- 2016: Revenue of $203K, expenses of $200K, and assets of $170K (revenue -5.6% year-over-year).
- 2015: Revenue of $215K, expenses of $201K, and assets of $161K (revenue +16.7% year-over-year).
- 2014: Revenue of $184K, expenses of $185K, and assets of $127K (revenue +3.6% year-over-year).
- 2013: Revenue of $178K, expenses of $186K, and assets of $130K (revenue +2.1% year-over-year).
- 2012: Revenue of $175K, expenses of $181K, and assets of $142K (revenue -2.2% year-over-year).
- 2011: Revenue of $178K, expenses of $175K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tlc Foundation Inc:
Data Sources and Methodology
This transparency report for Tlc Foundation Inc 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.