Trace Foundation
EIN: 475363033 · Annapolis, MD · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $830K |
| Total Expenses | $196K |
| Net Assets | $2.7M |
Is Trace Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Trace Foundation
Trace Foundation (EIN: 475363033) is a nonprofit organization based in Annapolis, MD, classified under NTEE code T20. The organization reported total revenue of $830K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trace Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trace Foundation is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $389K |
| Total Expenses | $196K |
| Surplus / Deficit | +$193K |
| Total Assets | $2.7M |
| Total Liabilities | $30 |
| Net Assets | $2.7M |
| Operating Margin | 49.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 163.9 months |
Financial Health Grade: A
In 2023, Trace Foundation reported a surplus of $193K with revenue exceeding expenses, holds 163.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2015–2023), Trace Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.0% | -78.2% | +14.3% |
| 2022 | -34.8% | +15.2% | -19.9% |
| 2021 | +140.5% | +216.4% | -0.1% |
| 2020 | -75.9% | -17.5% | +2.7% |
| 2019 | +33.7% | — | +184.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Trace 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 Trace 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 $193K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Trace Foundation
Is Trace Foundation a legitimate charity?
Trace Foundation (EIN: 475363033) is a registered tax-exempt nonprofit based in Maryland. It has 6 years of IRS 990 filings on record. Total revenue: $830K. No red flags identified. Financial health grade: A.
How does Trace Foundation spend its money?
Trace Foundation reported $830K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Trace Foundation tax-deductible?
Trace Foundation is registered as a tax-exempt nonprofit (EIN: 475363033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Trace Foundation located?
Trace Foundation is headquartered in Annapolis, Maryland and files with the IRS under EIN 475363033. It is classified under NTEE code T20.
How many years of IRS 990 filings does Trace Foundation have?
Trace Foundation has 6 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 $830K in total revenue.
Filing History
IRS 990 filing history for Trace Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2015–2023), Trace Foundation's revenue has declined by 61.1%, moving from $1.0M to $389K. Total assets increased by 167.5% over the same period, from $1.0M to $2.7M. In its most recent filing year (2023), Trace Foundation reported a surplus of $193K, with revenue exceeding expenses. The organization holds $30 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $389K | $196K | $2.7M | $30 | — | — |
| 2022 | $505K | $897K | $2.3M | $1 | — | View 990 |
| 2021 | $775K | $779K | $2.9M | $26 | — | View 990 |
| 2020 | $322K | $246K | $2.9M | $25 | — | View 990 |
| 2019 | $1.3M | $298K | $2.8M | $25 | — | — |
| 2015 | $1.0M | $0 | $1.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $389K, expenses of $196K, and assets of $2.7M (revenue -23.0% year-over-year).
- 2022: Revenue of $505K, expenses of $897K, and assets of $2.3M (revenue -34.8% year-over-year).
- 2021: Revenue of $775K, expenses of $779K, and assets of $2.9M (revenue +140.5% year-over-year).
- 2020: Revenue of $322K, expenses of $246K, and assets of $2.9M (revenue -75.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $298K, and assets of $2.8M (revenue +33.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $0, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trace Foundation:
Data Sources and Methodology
This transparency report for Trace 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.