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

$6.6MRevenue

$2.1MAssets

95/100Mission Score (Excellent)

T21

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.

AI Transparency Report

The Trane Technologies Charitable Foundation demonstrates a consistent commitment to its mission, as evidenced by its financial filings. In the most recent period (202312), the foundation reported revenues of $7,930,199 against expenses of $6,660,805, indicating a healthy surplus. Over the past decade, the organization has shown significant growth in both revenue and assets, with assets increasing from $627,843 in 2011 to $2,953,984 in 2023. The foundation's financial health appears robust, consistently maintaining positive net assets. 

Spending efficiency is a key strength, with a strong focus on program services. The absence of officer compensation across all reported periods is a significant indicator of efficient resource allocation, suggesting that administrative costs are kept low and resources are directed towards charitable activities. This practice enhances the foundation's ability to maximize its impact. 

Transparency is high, particularly given the consistent reporting of zero officer compensation, which is a clear and positive signal to donors and the public about how funds are utilized. The detailed financial history provided through the IRS 990 filings allows for a clear understanding of the foundation's financial trajectory and operational priorities.

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.

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 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.	PDF
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.

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.