Trane Technologies Charitable Foundation
Trane Technologies Charitable Foundation consistently grows assets and maintains zero officer compensation.
EIN: 202045897 · Davidson, NC · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $6.7M |
| Program Spending | 90% |
| Net Assets | $3.0M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Trane Technologies Charitable Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Trane Technologies Charitable Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Trane Technologies Charitable Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $7.9M and expenses of $6.7M.
Revenue and Expenses
Trane Technologies Charitable Foundation reported $7.9M in revenue and $6.7M in expenses, a surplus of $1.3M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Trane Technologies Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $6.0M (90%) |
Across stored filings, Trane Technologies Charitable Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 10 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Philanthropy context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Next Best Actions
Keep the Investigation Moving
Trane Technologies Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trane Technologies Charitable Foundation
Trane Technologies Charitable Foundation (EIN: 202045897) is a nonprofit organization based in Davidson, NC, classified under NTEE code T21. The organization reported total revenue of $6.6M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trane Technologies Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trane Technologies Charitable Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $6.7M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | 16.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Trane Technologies Charitable Foundation reported a surplus of $1.3M with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Trane Technologies Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.8% | +63.0% | +75.4% |
| 2022 | -4.0% | -44.2% | +77.4% |
| 2021 | -14.9% | +29.8% | -68.4% |
| 2020 | +32.1% | +16.0% | +15.8% |
| 2019 | +28.5% | +1.6% | +577.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Trane Technologies Charitable Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Trane Technologies Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly efficient and directs more funds to programs.
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.
Strengths
The following positive indicators were identified for Trane Technologies Charitable Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency.
- Consistent growth in assets, from $627,843 in 2011 to $2,953,984 in 2023.
- Strong revenue growth, reaching $7,930,199 in the latest period (202312).
- Healthy surplus in the latest reporting period ($7,930,199 revenue vs. $6,660,805 expenses).
- Low liabilities reported in recent years ($1 in 202312 and 202212).
Frequently Asked Questions about Trane Technologies Charitable Foundation
Is Trane Technologies Charitable Foundation a legitimate charity?
Trane Technologies Charitable Foundation (EIN: 202045897) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $6.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Trane Technologies Charitable Foundation spend its money?
Trane Technologies Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Trane Technologies Charitable Foundation tax-deductible?
Trane Technologies Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202045897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Trane Technologies Charitable Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Trane Technologies Charitable Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trane Technologies Charitable Foundation located?
Trane Technologies Charitable Foundation is headquartered in Davidson, North Carolina and files with the IRS under EIN 202045897. It is classified under NTEE code T21.
How many years of IRS 990 filings does Trane Technologies Charitable Foundation have?
Trane Technologies Charitable 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 $6.6M in total revenue.
Is Trane Technologies Charitable Foundation a good charity?
Based on the financial data, Trane Technologies Charitable Foundation appears to be a very good charity. It consistently reports zero officer compensation, indicating high efficiency in directing funds to its mission, and has shown strong financial growth and stability over time.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved, with assets growing from $627,843 in 2011 to $2,953,984 in 2023, and revenue showing a strong upward trend, reaching $7,930,199 in the latest period.
What is the foundation's approach to executive compensation?
The foundation reports 0% officer compensation in all available filings, indicating a highly efficient model where no salaries are paid to executives from the foundation's funds.
Filing History
IRS 990 filing history for Trane Technologies Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Trane Technologies Charitable Foundation's revenue has grown by 161.2%, moving from $3.0M to $7.9M. Total assets increased by 370.5% over the same period, from $628K to $3.0M. Total functional expenses rose by 98.1%, from $3.4M to $6.7M. In its most recent filing year (2023), Trane Technologies Charitable Foundation reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $6.7M | $3.0M | $1 | — | — |
| 2022 | $5.0M | $4.1M | $1.7M | $1 | — | View 990 |
| 2021 | $5.2M | $7.3M | $949K | $1 | — | View 990 |
| 2020 | $6.1M | $5.6M | $3.0M | $403K | — | View 990 |
| 2019 | $4.6M | $4.9M | $2.6M | $460K | — | View 990 |
| 2015 | $3.6M | $4.8M | $383K | $363K | — | View 990 |
| 2014 | $3.6M | $3.0M | $1.7M | $454K | — | View 990 |
| 2013 | $3.6M | $3.5M | $1.1M | $479K | — | View 990 |
| 2012 | $3.0M | $3.0M | $592K | $36K | — | View 990 |
| 2011 | $3.0M | $3.4M | $628K | $65K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $6.7M, and assets of $3.0M (revenue +58.8% year-over-year).
- 2022: Revenue of $5.0M, expenses of $4.1M, and assets of $1.7M (revenue -4.0% year-over-year).
- 2021: Revenue of $5.2M, expenses of $7.3M, and assets of $949K (revenue -14.9% year-over-year).
- 2020: Revenue of $6.1M, expenses of $5.6M, and assets of $3.0M (revenue +32.1% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.9M, and assets of $2.6M (revenue +28.5% year-over-year).
- 2015: Revenue of $3.6M, expenses of $4.8M, and assets of $383K (revenue +-0.0% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.0M, and assets of $1.7M (revenue +-0.0% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.5M, and assets of $1.1M (revenue +20.0% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.0M, and assets of $592K (revenue -1.2% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.4M, and assets of $628K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trane Technologies Charitable Foundation:
Data Sources and Methodology
This transparency report for Trane Technologies Charitable 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.