Two Angels Foundation Inc
Two Angels Foundation Inc consistently maintains zero liabilities and has grown assets to over $1.8 million with 0% officer compensation.
EIN: 203875772 · Arvada, CO · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $335K |
| Total Expenses | $199K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Two Angels Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Two Angels Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Two Angels Foundation Inc
Two Angels Foundation Inc (EIN: 203875772) is a nonprofit organization based in Arvada, CO, classified under NTEE code T31. The organization reported total revenue of $335K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Two Angels Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Two Angels Foundation Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $199K |
| Surplus / Deficit | +$159K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 44.4% |
| Months of Reserves | 110.1 months |
Financial Health Grade: A
In 2023, Two Angels Foundation Inc reported a surplus of $159K with revenue exceeding expenses, holds 110.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Two Angels Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.7% | +2.0% | +9.5% |
| 2022 | -28.9% | +27.4% | +31.4% |
| 2021 | +1049.3% | +113.2% | +931.0% |
| 2020 | -34.1% | -19.6% | +0.7% |
| 2019 | +19.2% | +22.7% | +20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Two Angels Foundation Inc with a Mission Score of 92 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: 85%
- fundraising: 5%
According to IRS 990 filings, Two Angels Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $159K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size with assets exceeding $1.8 million.
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 Two Angels Foundation Inc:
- Consistent zero liabilities across all filing periods
- Significant asset growth from $66,880 in 2014 to $1,828,467 in 2023
- 0% officer compensation reported in all filings, indicating high efficiency
- Consistent operating surplus, demonstrating sound financial management
- Strong financial transparency with a clear history of IRS 990 filings
Frequently Asked Questions about Two Angels Foundation Inc
Is Two Angels Foundation Inc a legitimate charity?
Two Angels Foundation Inc (EIN: 203875772) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $335K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Two Angels Foundation Inc spend its money?
Two Angels Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Two Angels Foundation Inc tax-deductible?
Two Angels Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203875772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Two Angels Foundation Inc CEO make?
Two Angels Foundation Inc's highest-compensated officer earns $1.8 annually. The organization reported $335K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Two Angels Foundation Inc's spending goes to programs?
Two Angels Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Two Angels Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Two Angels Foundation Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Two Angels Foundation Inc located?
Two Angels Foundation Inc is headquartered in Arvada, Colorado and files with the IRS under EIN 203875772. It is classified under NTEE code T31.
How many years of IRS 990 filings does Two Angels Foundation Inc have?
Two Angels Foundation Inc 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 $335K in total revenue.
Is Two Angels Foundation Inc a good charity?
Based on its financial data, Two Angels Foundation Inc appears to be a very good charity. It consistently maintains zero liabilities, has significantly grown its assets to over $1.8 million, and reports 0% officer compensation, indicating efficient use of funds and strong financial stewardship.
How has Two Angels Foundation Inc's financial health changed over time?
Two Angels Foundation Inc has shown remarkable financial growth and stability. Its assets have increased from $66,880 in 2014 to $1,828,467 in 2023, and it has consistently maintained zero liabilities, demonstrating excellent financial management and a strong balance sheet.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a highly efficient model where executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence.
Filing History
IRS 990 filing history for Two Angels Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Two Angels Foundation Inc's revenue has grown by 606.1%, moving from $51K to $358K. Total assets increased by 4185.1% over the same period, from $43K to $1.8M. Total functional expenses rose by 265%, from $55K to $199K. In its most recent filing year (2023), Two Angels Foundation Inc reported a surplus of $159K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358K | $199K | $1.8M | $0 | — | — |
| 2022 | $594K | $195K | $1.7M | $0 | — | View 990 |
| 2021 | $836K | $153K | $1.3M | $0 | — | View 990 |
| 2020 | $73K | $72K | $123K | $0 | — | — |
| 2019 | $110K | $89K | $122K | $0 | — | View 990 |
| 2018 | $93K | $73K | $101K | $0 | — | View 990 |
| 2017 | $94K | $80K | $81K | $0 | — | — |
| 2016 | $77K | $83K | $67K | $0 | — | View 990 |
| 2015 | $85K | $79K | $73K | $0 | — | View 990 |
| 2014 | $74K | $73K | $67K | $0 | — | View 990 |
| 2013 | $81K | $58K | $66K | $0 | — | View 990 |
| 2012 | $60K | $59K | $43K | $0 | — | View 990 |
| 2011 | $51K | $55K | $43K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $358K, expenses of $199K, and assets of $1.8M (revenue -39.7% year-over-year).
- 2022: Revenue of $594K, expenses of $195K, and assets of $1.7M (revenue -28.9% year-over-year).
- 2021: Revenue of $836K, expenses of $153K, and assets of $1.3M (revenue +1049.3% year-over-year).
- 2020: Revenue of $73K, expenses of $72K, and assets of $123K (revenue -34.1% year-over-year).
- 2019: Revenue of $110K, expenses of $89K, and assets of $122K (revenue +19.2% year-over-year).
- 2018: Revenue of $93K, expenses of $73K, and assets of $101K (revenue -1.7% year-over-year).
- 2017: Revenue of $94K, expenses of $80K, and assets of $81K (revenue +22.1% year-over-year).
- 2016: Revenue of $77K, expenses of $83K, and assets of $67K (revenue -9.6% year-over-year).
- 2015: Revenue of $85K, expenses of $79K, and assets of $73K (revenue +15.1% year-over-year).
- 2014: Revenue of $74K, expenses of $73K, and assets of $67K (revenue -8.8% year-over-year).
- 2013: Revenue of $81K, expenses of $58K, and assets of $66K (revenue +36.6% year-over-year).
- 2012: Revenue of $60K, expenses of $59K, and assets of $43K (revenue +17.3% year-over-year).
- 2011: Revenue of $51K, expenses of $55K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Two Angels Foundation Inc:
Data Sources and Methodology
This transparency report for Two Angels Foundation Inc 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.