Townsend Foundation
EIN: 223435514 · Voorhees, NJ · NTEE: T70J
| Metric | Value |
|---|---|
| Total Revenue | $15.2M |
| Total Expenses | $7.3M |
| Net Assets | $901K |
Is Townsend Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Townsend Foundation
Townsend Foundation (EIN: 223435514) is a nonprofit organization based in Voorhees, NJ, classified under NTEE code T70J. The organization reported total revenue of $15.2M and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Townsend Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Townsend Foundation is a large nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 153.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $7.3M |
| Surplus / Deficit | +$165K |
| Total Assets | $902K |
| Total Liabilities | $1K |
| Net Assets | $901K |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 1.5 months |
Financial Health Grade: A
In 2023, Townsend Foundation reported a surplus of $165K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Townsend Foundation's revenue has grown at a compound annual growth rate (CAGR) of 153.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +17.8% | +22.4% |
| 2022 | +86.3% | +59.3% | +970.0% |
| 2021 | +26.4% | -26.9% | -74.7% |
| 2020 | +2122.9% | +36.1% | -89.8% |
| 2019 | +426.7% | +59.4% | +2028.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Townsend 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 Townsend 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $165K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Townsend Foundation
Is Townsend Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Townsend Foundation (EIN: 223435514) insufficient data. 0 red flags identified, 0 strengths noted.
How does Townsend Foundation spend its money?
Detailed spending breakdown data is not yet available for Townsend Foundation. Check back for updated IRS 990 analysis.
Are donations to Townsend Foundation tax-deductible?
Townsend Foundation is registered as a tax-exempt nonprofit (EIN: 223435514). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Townsend Foundation located?
Townsend Foundation is headquartered in Voorhees, New Jersey and files with the IRS under EIN 223435514. It is classified under NTEE code T70J.
How many years of IRS 990 filings does Townsend Foundation have?
Townsend 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 $15.2M in total revenue.
Filing History
IRS 990 filing history for Townsend Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Townsend Foundation's revenue has grown by 7034480.2%, moving from $106 to $7.5M. Total assets increased by 313.8% over the same period, from $218K to $902K. Total functional expenses rose by 4475.5%, from $159K to $7.3M. In its most recent filing year (2023), Townsend Foundation reported a surplus of $165K, with revenue exceeding expenses. The organization holds $1K in liabilities against $902K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $901K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $7.3M | $902K | $1K | — | — |
| 2022 | $6.9M | $6.2M | $736K | $1K | — | View 990 |
| 2021 | $3.7M | $3.9M | $69K | $1K | — | View 990 |
| 2020 | $2.9M | $5.3M | $273K | $1 | — | — |
| 2019 | $131K | $3.9M | $2.7M | $19 | — | View 990 |
| 2015 | $25K | $2.4M | $126K | $1 | — | View 990 |
| 2014 | $4.3M | $2.0M | $2.6M | $1 | — | View 990 |
| 2013 | $36 | $156K | $173K | $1 | — | View 990 |
| 2012 | $300K | $188K | $330K | $0 | — | View 990 |
| 2011 | $106 | $159K | $218K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $7.3M, and assets of $902K (revenue +8.8% year-over-year).
- 2022: Revenue of $6.9M, expenses of $6.2M, and assets of $736K (revenue +86.3% year-over-year).
- 2021: Revenue of $3.7M, expenses of $3.9M, and assets of $69K (revenue +26.4% year-over-year).
- 2020: Revenue of $2.9M, expenses of $5.3M, and assets of $273K (revenue +2122.9% year-over-year).
- 2019: Revenue of $131K, expenses of $3.9M, and assets of $2.7M (revenue +426.7% year-over-year).
- 2015: Revenue of $25K, expenses of $2.4M, and assets of $126K (revenue -99.4% year-over-year).
- 2014: Revenue of $4.3M, expenses of $2.0M, and assets of $2.6M (revenue +12077222.2% year-over-year).
- 2013: Revenue of $36, expenses of $156K, and assets of $173K (revenue -100.0% year-over-year).
- 2012: Revenue of $300K, expenses of $188K, and assets of $330K (revenue +282954.7% year-over-year).
- 2011: Revenue of $106, expenses of $159K, and assets of $218K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Townsend Foundation:
Data Sources and Methodology
This transparency report for Townsend 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.