Together We Can Foundation
EIN: 263015863 · Virginia Bch, VA · NTEE: P32
| Metric | Value |
|---|---|
| Total Revenue | $285K |
| Total Expenses | $395K |
| Net Assets | $119K |
Is Together We Can Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Together We Can Foundation
Together We Can Foundation (EIN: 263015863) is a nonprofit organization based in Virginia Bch, VA, classified under NTEE code P32. The organization reported total revenue of $285K and total assets of $94K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Together We Can Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Together We Can Foundation is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $401K |
| Total Expenses | $395K |
| Surplus / Deficit | +$6K |
| Total Assets | $126K |
| Total Liabilities | $7K |
| Net Assets | $119K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2024, Together We Can Foundation reported a surplus of $6K with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Together We Can Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.7% | -16.6% | -0.7% |
| 2023 | -7.1% | +23.3% | -44.0% |
| 2022 | +8.8% | +29.4% | +5.9% |
| 2021 | +6.6% | -19.7% | -11.5% |
| 2020 | +9.8% | +19.6% | +43.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Together We Can Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Together We Can Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Together We Can Foundation
Is Together We Can Foundation a legitimate charity?
Together We Can Foundation (EIN: 263015863) is a registered tax-exempt nonprofit based in Virginia. It has 14 years of IRS 990 filings on record. Total revenue: $285K. No red flags identified. Financial health grade: A.
How does Together We Can Foundation spend its money?
Together We Can Foundation reported $285K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Together We Can Foundation tax-deductible?
Together We Can Foundation is registered as a tax-exempt nonprofit (EIN: 263015863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Together We Can Foundation located?
Together We Can Foundation is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 263015863. It is classified under NTEE code P32.
How many years of IRS 990 filings does Together We Can Foundation have?
Together We Can Foundation has 14 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 $285K in total revenue.
Filing History
IRS 990 filing history for Together We Can Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Together We Can Foundation's revenue has grown by 161.5%, moving from $154K to $401K. Total assets decreased by 38% over the same period, from $203K to $126K. Total functional expenses rose by 314.1%, from $95K to $395K. In its most recent filing year (2024), Together We Can Foundation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $7K in liabilities against $126K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $119K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $401K | $395K | $126K | $7K | — | — |
| 2023 | $369K | $474K | $127K | $14K | — | View 990 |
| 2022 | $398K | $384K | $226K | $8K | — | View 990 |
| 2021 | $365K | $297K | $213K | $9K | — | View 990 |
| 2020 | $343K | $370K | $241K | $105K | — | View 990 |
| 2019 | $312K | $309K | $168K | $4K | — | View 990 |
| 2018 | $307K | $299K | $164K | $3K | — | View 990 |
| 2017 | $280K | $277K | $156K | $3K | — | View 990 |
| 2016 | $270K | $269K | $153K | $3K | — | View 990 |
| 2015 | $251K | $242K | $153K | $5K | — | View 990 |
| 2014 | $195K | $223K | $143K | $3K | — | View 990 |
| 2013 | $60K | $87K | $170K | $2K | — | View 990 |
| 2012 | $182K | $130K | $222K | $27K | — | View 990 |
| 2011 | $154K | $95K | $203K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $401K, expenses of $395K, and assets of $126K (revenue +8.7% year-over-year).
- 2023: Revenue of $369K, expenses of $474K, and assets of $127K (revenue -7.1% year-over-year).
- 2022: Revenue of $398K, expenses of $384K, and assets of $226K (revenue +8.8% year-over-year).
- 2021: Revenue of $365K, expenses of $297K, and assets of $213K (revenue +6.6% year-over-year).
- 2020: Revenue of $343K, expenses of $370K, and assets of $241K (revenue +9.8% year-over-year).
- 2019: Revenue of $312K, expenses of $309K, and assets of $168K (revenue +1.5% year-over-year).
- 2018: Revenue of $307K, expenses of $299K, and assets of $164K (revenue +9.7% year-over-year).
- 2017: Revenue of $280K, expenses of $277K, and assets of $156K (revenue +3.7% year-over-year).
- 2016: Revenue of $270K, expenses of $269K, and assets of $153K (revenue +7.6% year-over-year).
- 2015: Revenue of $251K, expenses of $242K, and assets of $153K (revenue +28.9% year-over-year).
- 2014: Revenue of $195K, expenses of $223K, and assets of $143K (revenue +223.4% year-over-year).
- 2013: Revenue of $60K, expenses of $87K, and assets of $170K (revenue -67.0% year-over-year).
- 2012: Revenue of $182K, expenses of $130K, and assets of $222K (revenue +18.8% year-over-year).
- 2011: Revenue of $154K, expenses of $95K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Together We Can Foundation:
Data Sources and Methodology
This transparency report for Together We Can 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.