Towne & Terrace Corp
EIN: 351170805 · Indianapolis, IN
| Metric | Value |
|---|---|
| Total Revenue | $174K |
| Total Expenses | $292K |
| Net Assets | $39K |
Is Towne & Terrace Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Towne & Terrace Corp
Towne & Terrace Corp (EIN: 351170805) is a nonprofit organization based in Indianapolis, IN. The organization reported total revenue of $174K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Towne & Terrace Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Towne & Terrace Corp is a small nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $169K |
| Total Expenses | $292K |
| Surplus / Deficit | $-123,472 |
| Total Assets | $39K |
| Net Assets | $39K |
| Operating Margin | -73.2% |
| Months of Reserves | 1.6 months |
Financial Health Grade: C
In 2023, Towne & Terrace Corp reported a deficit of $123K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Towne & Terrace Corp's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.2% | +152.6% | -75.8% |
| 2022 | +3.5% | -38.5% | +98.8% |
| 2021 | +166.9% | +137.7% | +2.2% |
| 2020 | -9.3% | +122.2% | -9.1% |
| 2019 | +2.7% | -63.7% | +94.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Towne & Terrace Corp 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 Towne & Terrace Corp 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $123K, with expenses exceeding revenue.
Frequently Asked Questions about Towne & Terrace Corp
Is Towne & Terrace Corp a legitimate charity?
Towne & Terrace Corp (EIN: 351170805) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $174K. No red flags identified. Financial health grade: C.
How does Towne & Terrace Corp spend its money?
Towne & Terrace Corp reported $174K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Towne & Terrace Corp tax-deductible?
Towne & Terrace Corp is registered as a tax-exempt nonprofit (EIN: 351170805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Towne & Terrace Corp located?
Towne & Terrace Corp is headquartered in Indianapolis, Indiana and files with the IRS under EIN 351170805.
How many years of IRS 990 filings does Towne & Terrace Corp have?
Towne & Terrace Corp has 13 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 $174K in total revenue.
Filing History
IRS 990 filing history for Towne & Terrace Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Towne & Terrace Corp's revenue has grown by 169.2%, moving from $63K to $169K. Total assets decreased by 32.2% over the same period, from $58K to $39K. Total functional expenses rose by 510.2%, from $48K to $292K. In its most recent filing year (2023), Towne & Terrace Corp reported a deficit of $123K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $169K | $292K | $39K | $0 | — | — |
| 2022 | $197K | $116K | $163K | $0 | — | View 990 |
| 2021 | $190K | $188K | $82K | $0 | — | View 990 |
| 2020 | $71K | $79K | $80K | $0 | — | View 990 |
| 2019 | $78K | $36K | $88K | $0 | — | View 990 |
| 2018 | $76K | $98K | $45K | $0 | — | View 990 |
| 2017 | $60K | $39K | $67K | $0 | — | View 990 |
| 2016 | $39K | $43K | $46K | $0 | — | View 990 |
| 2015 | $41K | $40K | $50K | $0 | — | View 990 |
| 2014 | $48K | $52K | $49K | $0 | — | View 990 |
| 2013 | $38K | $42K | $53K | $0 | — | View 990 |
| 2012 | $46K | $47K | $57K | $0 | — | View 990 |
| 2011 | $63K | $48K | $58K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $169K, expenses of $292K, and assets of $39K (revenue -14.2% year-over-year).
- 2022: Revenue of $197K, expenses of $116K, and assets of $163K (revenue +3.5% year-over-year).
- 2021: Revenue of $190K, expenses of $188K, and assets of $82K (revenue +166.9% year-over-year).
- 2020: Revenue of $71K, expenses of $79K, and assets of $80K (revenue -9.3% year-over-year).
- 2019: Revenue of $78K, expenses of $36K, and assets of $88K (revenue +2.7% year-over-year).
- 2018: Revenue of $76K, expenses of $98K, and assets of $45K (revenue +26.5% year-over-year).
- 2017: Revenue of $60K, expenses of $39K, and assets of $67K (revenue +54.2% year-over-year).
- 2016: Revenue of $39K, expenses of $43K, and assets of $46K (revenue -4.4% year-over-year).
- 2015: Revenue of $41K, expenses of $40K, and assets of $50K (revenue -15.4% year-over-year).
- 2014: Revenue of $48K, expenses of $52K, and assets of $49K (revenue +28.8% year-over-year).
- 2013: Revenue of $38K, expenses of $42K, and assets of $53K (revenue -18.3% year-over-year).
- 2012: Revenue of $46K, expenses of $47K, and assets of $57K (revenue -26.5% year-over-year).
- 2011: Revenue of $63K, expenses of $48K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Towne & Terrace Corp:
Data Sources and Methodology
This transparency report for Towne & Terrace Corp 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.