Towle Institute
EIN: 510349405 · Hockessin, DE · NTEE: B20Z
| Metric | Value |
|---|---|
| Total Revenue | $131K |
| Total Expenses | $112K |
| Net Assets | $42K |
Is Towle Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Towle Institute
Towle Institute (EIN: 510349405) is a nonprofit organization based in Hockessin, DE, classified under NTEE code B20Z. The organization reported total revenue of $131K and total assets of $53K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Towle Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Towle Institute is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -6.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $112K |
| Surplus / Deficit | $-13,638 |
| Total Assets | $43K |
| Total Liabilities | $1K |
| Net Assets | $42K |
| Operating Margin | -13.8% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2024, Towle Institute reported a deficit of $14K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Towle Institute's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -12.3% | -3.6% | -29.9% |
| 2023 | -16.8% | -0.2% | -1.3% |
| 2022 | +9.6% | -6.9% | -0.4% |
| 2021 | +1.1% | -8.3% | +7.8% |
| 2020 | -10.7% | -4.5% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Towle Institute 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 Towle Institute 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Frequently Asked Questions about Towle Institute
Is Towle Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Towle Institute (EIN: 510349405) insufficient data. 0 red flags identified, 0 strengths noted.
How does Towle Institute spend its money?
Detailed spending breakdown data is not yet available for Towle Institute. Check back for updated IRS 990 analysis.
Are donations to Towle Institute tax-deductible?
Towle Institute is registered as a tax-exempt nonprofit (EIN: 510349405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Towle Institute located?
Towle Institute is headquartered in Hockessin, Delaware and files with the IRS under EIN 510349405. It is classified under NTEE code B20Z.
How many years of IRS 990 filings does Towle Institute have?
Towle Institute 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 $131K in total revenue.
Filing History
IRS 990 filing history for Towle Institute showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Towle Institute's revenue has declined by 58.2%, moving from $236K to $99K. Total assets decreased by 43.1% over the same period, from $76K to $43K. Total functional expenses fell by 50.6%, from $227K to $112K. In its most recent filing year (2024), Towle Institute reported a deficit of $14K, with expenses exceeding revenue. The organization holds $1K in liabilities against $43K in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $99K | $112K | $43K | $1K | — | — |
| 2023 | $112K | $116K | $62K | $6K | — | View 990 |
| 2022 | $135K | $117K | $63K | $3K | — | View 990 |
| 2021 | $123K | $125K | $63K | $22K | — | — |
| 2020 | $122K | $137K | $58K | $16K | — | View 990 |
| 2019 | $137K | $143K | $58K | $569 | — | View 990 |
| 2018 | $144K | $135K | $68K | $2K | — | View 990 |
| 2017 | $124K | $125K | $60K | $3K | — | View 990 |
| 2016 | $130K | $119K | $60K | $2K | — | View 990 |
| 2015 | $152K | $143K | $49K | $3K | — | View 990 |
| 2014 | $186K | $202K | $40K | $3K | — | View 990 |
| 2013 | $181K | $204K | $55K | $832 | — | View 990 |
| 2012 | $230K | $225K | $83K | $7K | — | View 990 |
| 2011 | $236K | $227K | $76K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $99K, expenses of $112K, and assets of $43K (revenue -12.3% year-over-year).
- 2023: Revenue of $112K, expenses of $116K, and assets of $62K (revenue -16.8% year-over-year).
- 2022: Revenue of $135K, expenses of $117K, and assets of $63K (revenue +9.6% year-over-year).
- 2021: Revenue of $123K, expenses of $125K, and assets of $63K (revenue +1.1% year-over-year).
- 2020: Revenue of $122K, expenses of $137K, and assets of $58K (revenue -10.7% year-over-year).
- 2019: Revenue of $137K, expenses of $143K, and assets of $58K (revenue -4.9% year-over-year).
- 2018: Revenue of $144K, expenses of $135K, and assets of $68K (revenue +15.8% year-over-year).
- 2017: Revenue of $124K, expenses of $125K, and assets of $60K (revenue -4.9% year-over-year).
- 2016: Revenue of $130K, expenses of $119K, and assets of $60K (revenue -14.1% year-over-year).
- 2015: Revenue of $152K, expenses of $143K, and assets of $49K (revenue -18.3% year-over-year).
- 2014: Revenue of $186K, expenses of $202K, and assets of $40K (revenue +2.5% year-over-year).
- 2013: Revenue of $181K, expenses of $204K, and assets of $55K (revenue -21.2% year-over-year).
- 2012: Revenue of $230K, expenses of $225K, and assets of $83K (revenue -2.5% year-over-year).
- 2011: Revenue of $236K, expenses of $227K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Towle Institute:
Data Sources and Methodology
This transparency report for Towle Institute 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.