Tom Tom Foundation
EIN: 462048771 · Charlottesvle, VA · NTEE: A23
Is Tom Tom Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tom Tom Foundation
Tom Tom Foundation (EIN: 462048771) is a nonprofit organization based in Charlottesvle, VA, classified under NTEE code A23. The organization reported total revenue of $549K and total assets of $513K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tom Tom Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tom Tom Foundation is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 21.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $555K |
| Total Expenses | $615K |
| Surplus / Deficit | $-60,908 |
| Total Assets | $581K |
| Total Liabilities | $458K |
| Net Assets | $122K |
| Operating Margin | -11.0% |
| Debt-to-Asset Ratio | 79.0% |
| Months of Reserves | 11.3 months |
Financial Health Grade: C
In 2024, Tom Tom Foundation reported a deficit of $61K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 79.0% (high leverage).
Financial Trends
Over 12 years of filings (2013–2024), Tom Tom Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +40.6% | +41.9% | -10.9% |
| 2023 | -48.7% | +50.8% | -6.2% |
| 2022 | +51.4% | -24.6% | +481.6% |
| 2021 | +156.2% | -39.6% | -40.5% |
| 2020 | -83.5% | -50.8% | +208.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tom Tom 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 Tom Tom 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 deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.0%.
Frequently Asked Questions about Tom Tom Foundation
Is Tom Tom Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Tom Tom Foundation (EIN: 462048771) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tom Tom Foundation spend its money?
Detailed spending breakdown data is not yet available for Tom Tom Foundation. Check back for updated IRS 990 analysis.
Are donations to Tom Tom Foundation tax-deductible?
Tom Tom Foundation is registered as a tax-exempt nonprofit (EIN: 462048771). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Tom Tom Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Tom Tom Foundation's revenue has grown by 783.7%, moving from $63K to $555K. Total assets increased by 127208.6% over the same period, from $456 to $581K. Total functional expenses rose by 872.3%, from $63K to $615K. In its most recent filing year (2024), Tom Tom Foundation reported a deficit of $61K, with expenses exceeding revenue. The organization holds $458K in liabilities against $581K in assets (debt-to-asset ratio: 79.0%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $555K | $615K | $581K | $458K | — | — |
| 2023 | $394K | $434K | $651K | $460K | — | View 990 |
| 2022 | $768K | $288K | $694K | $464K | — | View 990 |
| 2021 | $507K | $381K | $119K | $370K | — | — |
| 2020 | $198K | $631K | $201K | $577K | — | View 990 |
| 2019 | $1.2M | $1.3M | $65K | $8K | — | View 990 |
| 2018 | $1.2M | $1.2M | $205K | $63K | — | View 990 |
| 2017 | $964K | $905K | $145K | $14K | — | View 990 |
| 2016 | $650K | $615K | $127K | $55K | — | View 990 |
| 2015 | $317K | $288K | $57K | $20K | — | View 990 |
| 2014 | $229K | $220K | $9K | $458 | — | — |
| 2013 | $63K | $63K | $456 | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $555K, expenses of $615K, and assets of $581K (revenue +40.6% year-over-year).
- 2023: Revenue of $394K, expenses of $434K, and assets of $651K (revenue -48.7% year-over-year).
- 2022: Revenue of $768K, expenses of $288K, and assets of $694K (revenue +51.4% year-over-year).
- 2021: Revenue of $507K, expenses of $381K, and assets of $119K (revenue +156.2% year-over-year).
- 2020: Revenue of $198K, expenses of $631K, and assets of $201K (revenue -83.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $65K (revenue -1.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $205K (revenue +25.9% year-over-year).
- 2017: Revenue of $964K, expenses of $905K, and assets of $145K (revenue +48.4% year-over-year).
- 2016: Revenue of $650K, expenses of $615K, and assets of $127K (revenue +105.2% year-over-year).
- 2015: Revenue of $317K, expenses of $288K, and assets of $57K (revenue +38.5% year-over-year).
- 2014: Revenue of $229K, expenses of $220K, and assets of $9K (revenue +264.4% year-over-year).
- 2013: Revenue of $63K, expenses of $63K, and assets of $456.
Data Sources and Methodology
This transparency report for Tom Tom 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.