Topper Foundation
Topper Foundation shows significant asset growth and minimal liabilities, with fluctuating revenue and no reported officer compensation.
EIN: 200523820 · Allentown, PA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $1.8M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $16.9M |
| Transparency Score | 75/100 |
Is Topper Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Topper Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Topper Foundation
Topper Foundation (EIN: 200523820) is a nonprofit organization based in Allentown, PA, classified under NTEE code T22. The organization reported total revenue of $3.9M and total assets of $19.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Topper Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Topper Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 45.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$13K |
| Total Assets | $16.9M |
| Total Liabilities | $1 |
| Net Assets | $16.9M |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 110.4 months |
Financial Health Grade: A
In 2023, Topper Foundation reported a surplus of $13K with revenue exceeding expenses, holds 110.4 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), Topper Foundation's revenue has grown at a compound annual growth rate (CAGR) of 45.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.1% | +26.1% | +12.1% |
| 2022 | +133.1% | -13.3% | +20.4% |
| 2019 | -104.7% | +339.0% | +30.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Topper Foundation with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Topper Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, suggesting either a fully volunteer-led organization or that compensation is categorized differently, which could obscure the true cost of leadership relative to the organization's growing size and nearly $20 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 Topper Foundation's IRS 990 filings:
- Negative revenue reported in 2019 and 2020 without clear explanation.
- Consistent $0 officer compensation across all filings, potentially obscuring true leadership costs.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for Topper Foundation:
- Significant and consistent asset growth, from $153,815 in 2011 to $19,528,939 currently.
- Extremely low liabilities, often reported as $1, indicating strong financial stability and low debt.
- Generally positive net income in most recent years, contributing to asset accumulation (e.g., 2022 revenue $3.4M vs expenses $1.4M).
Frequently Asked Questions about Topper Foundation
Is Topper Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Topper Foundation (EIN: 200523820) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Topper Foundation spend its money?
Topper Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Topper Foundation tax-deductible?
Topper Foundation is registered as a tax-exempt nonprofit (EIN: 200523820). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Topper Foundation CEO make?
Topper Foundation's highest-compensated officer earns $0 annually. The organization reported $3.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Topper Foundation's spending goes to programs?
Topper Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Topper Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Topper 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 Topper Foundation located?
Topper Foundation is headquartered in Allentown, Pennsylvania and files with the IRS under EIN 200523820. It is classified under NTEE code T22.
How many years of IRS 990 filings does Topper Foundation have?
Topper 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 $3.9M in total revenue.
What caused the negative revenue reported in 2019 and 2020?
The filings for 2019 and 2020 show revenue of $-159,331 and $-180,403 respectively. This could be due to investment losses, significant returns of contributions, or accounting adjustments that require further clarification from the organization's detailed financial statements.
How does Topper Foundation manage to report $0 in officer compensation?
The consistent reporting of $0 for officer compensation across all ten filings suggests that either the organization is entirely run by unpaid volunteers in executive roles, or executive salaries are reported under other expense categories, which would reduce transparency regarding leadership costs.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency and how effectively the organization allocates its resources towards its mission.
Filing History
IRS 990 filing history for Topper Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Topper Foundation's revenue has grown by 9030.8%, moving from $20K to $1.9M. Total assets increased by 10901.6% over the same period, from $154K to $16.9M. Total functional expenses rose by 9724.6%, from $19K to $1.8M. In its most recent filing year (2023), Topper Foundation reported a surplus of $13K, with revenue exceeding expenses. The organization holds $1 in liabilities against $16.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $16.9M | $1 | — | — |
| 2022 | $3.4M | $1.5M | $15.1M | $1 | — | View 990 |
| 2021 | $1.5M | $1.7M | $12.5M | $1 | — | View 990 |
| 2020 | $-180,403 | $2.4M | $7.8M | $1 | — | View 990 |
| 2019 | $-159,331 | $2.0M | $11.2M | $1 | — | — |
| 2015 | $3.4M | $456K | $8.6M | $1 | — | View 990 |
| 2014 | $2.6M | $419K | $6.3M | $1 | — | View 990 |
| 2013 | $109K | $133K | $256K | $1 | — | View 990 |
| 2012 | $21K | $114K | $62K | $1 | — | View 990 |
| 2011 | $20K | $19K | $154K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $16.9M (revenue -46.1% year-over-year).
- 2022: Revenue of $3.4M, expenses of $1.5M, and assets of $15.1M (revenue +133.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.7M, and assets of $12.5M.
- 2020: Revenue of $-180,403, expenses of $2.4M, and assets of $7.8M.
- 2019: Revenue of $-159,331, expenses of $2.0M, and assets of $11.2M (revenue -104.7% year-over-year).
- 2015: Revenue of $3.4M, expenses of $456K, and assets of $8.6M (revenue +29.3% year-over-year).
- 2014: Revenue of $2.6M, expenses of $419K, and assets of $6.3M (revenue +2316.1% year-over-year).
- 2013: Revenue of $109K, expenses of $133K, and assets of $256K (revenue +430.9% year-over-year).
- 2012: Revenue of $21K, expenses of $114K, and assets of $62K (revenue +1.6% year-over-year).
- 2011: Revenue of $20K, expenses of $19K, and assets of $154K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Topper Foundation:
Data Sources and Methodology
This transparency report for Topper 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.