Two Ten Footwear Foundation Inc
Two Ten Footwear Foundation: Stable Finances, High Program Spending
EIN: 222579809 · Waltham, MA · NTEE: S410 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $5.7M |
| Program Spending | 81% |
| Net Assets | $37.6M |
| Transparency Score | 85/100 |
Is Two Ten Footwear 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 Ten Footwear Foundation Inc directs 81% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Two Ten Footwear Foundation Inc
Two Ten Footwear Foundation Inc (EIN: 222579809) is a nonprofit organization based in Waltham, MA, classified under NTEE code S410. The organization reported total revenue of $6.1M and total assets of $39.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Two Ten Footwear Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Two Ten Footwear Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-1,049,112 |
| Total Assets | $38.3M |
| Total Liabilities | $735K |
| Net Assets | $37.6M |
| Operating Margin | -22.5% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 80.5 months |
Financial Health Grade: B
In 2023, Two Ten Footwear Foundation Inc reported a deficit of $1.0M with expenses exceeding revenue, holds 80.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Two Ten Footwear Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.8% | -0.9% | +0.4% |
| 2022 | +35.8% | -8.1% | -15.8% |
| 2021 | -20.9% | -36.0% | +19.4% |
| 2020 | -2.4% | +37.7% | -9.2% |
| 2019 | -18.8% | +3.3% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Ten Footwear Foundation Inc with a Mission Score of 85 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: 81%
- fundraising: 9%
According to IRS 990 filings, Two Ten Footwear Foundation Inc allocates its expenses as follows: admin: 10%, programs: 81%, fundraising: 9%. With 81% 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 deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's revenue and assets.
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 Ten Footwear Foundation Inc:
- Consistently high program spending, with 81% of expenses dedicated to programs in the latest filing.
- Strong asset base of $39,593,032, providing financial stability.
- Low fundraising costs, indicating efficient resource allocation for revenue generation.
Frequently Asked Questions about Two Ten Footwear Foundation Inc
Is Two Ten Footwear Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Two Ten Footwear Foundation Inc (EIN: 222579809) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Two Ten Footwear Foundation Inc spend its money?
Two Ten Footwear Foundation Inc directs 81% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Two Ten Footwear Foundation Inc tax-deductible?
Two Ten Footwear Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222579809). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Two Ten Footwear Foundation Inc's spending goes to programs?
Two Ten Footwear Foundation Inc directs 81% to programs, 9% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Two Ten Footwear Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Two Ten Footwear Foundation Inc is above average for NTEE category S410 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Two Ten Footwear Foundation Inc located?
Two Ten Footwear Foundation Inc is headquartered in Waltham, Massachusetts and files with the IRS under EIN 222579809. It is classified under NTEE code S410.
How many years of IRS 990 filings does Two Ten Footwear Foundation Inc have?
Two Ten Footwear 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 $6.1M in total revenue.
What does Two Ten Footwear Foundation Inc do?
Two Ten Footwear Foundation Inc is a nonprofit organization in the Community Improvement sector, located in Waltham, Massachusetts. It is classified under NTEE code S410.
How much revenue does Two Ten Footwear Foundation Inc have?
Two Ten Footwear Foundation Inc reported total revenue of $6,115,932. Based on 13 IRS 990 filings on record.
What are Two Ten Footwear Foundation Inc's total assets?
Two Ten Footwear Foundation Inc holds total assets of $39,593,032 as reported in IRS 990 filings.
Where is Two Ten Footwear Foundation Inc located?
Two Ten Footwear Foundation Inc is based in Waltham, Massachusetts.
What is Two Ten Footwear Foundation Inc's EIN?
Two Ten Footwear Foundation Inc's Employer Identification Number (EIN) is 222579809. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Two Ten Footwear Foundation Inc?
Two Ten Footwear Foundation Inc is classified under NTEE code S410 (Community Improvement).
Is Two Ten Footwear Foundation Inc a registered 501(c)(3)?
Yes, Two Ten Footwear Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222579809.
Does Two Ten Footwear Foundation Inc file IRS Form 990?
Yes, Two Ten Footwear Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Two Ten Footwear Foundation Inc's revenue in 2023?
In the 202306 filing period, Two Ten Footwear Foundation Inc reported total revenue of $4,659,137, total expenses of $5,708,249, and net assets of $38,309,975.
Is Two Ten Footwear Foundation Inc's revenue growing or declining?
Two Ten Footwear Foundation Inc's revenue is declining. Revenue went from $5,812,562 (202206) to $4,659,137 (202306), a -19.8% change. Based on 13 filings on record.
What is Two Ten Footwear Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Two Ten Footwear Foundation Inc covers tax period 202306. It shows revenue of $4,659,137, expenses of $5,708,249, total assets of $38,309,975, and liabilities of $734,689.
How much does Two Ten Footwear Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Two Ten Footwear Foundation Inc allocates approximately 81% of expenses to program services, 10% to administrative costs, and 9% to fundraising. This indicates strong program focus.
Is Two Ten Footwear Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Two Ten Footwear Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Two Ten Footwear Foundation Inc's strengths?
Positive indicators for Two Ten Footwear Foundation Inc include: Consistently high program spending, with 81% of expenses dedicated to programs in the latest filing.. Strong asset base of $39,593,032, providing financial stability.. Low fundraising costs, indicating efficient resource allocation for revenue generation.. These findings are derived from AI analysis of the organization's financial filings.
How does Two Ten Footwear Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its reasonableness relative to the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to maintain a strong asset base despite fluctuations in revenue and expenses over the past few years?
The organization has consistently maintained a substantial asset base, with assets around $38-45 million over the past several years, even with varying revenues (e.g., $4.6M in 2023 vs. $6.8M in 2018) and expenses (e.g., $5.7M in 2023 vs. $9.7M in 2020). This suggests effective investment management and prudent financial stewardship, allowing them to absorb operational fluctuations without significantly eroding their long-term financial strength.
What is the trend in the organization's program spending efficiency over the last few years, and what does it indicate about their operational focus?
Analyzing the spending breakdown, the organization consistently allocates a high percentage of its expenses to programs. For example, in 2023, 81% of expenses were for programs. This consistent focus on program delivery, even with varying total expenses, indicates a strong commitment to its mission and efficient operational management in directing resources where they are most impactful.
Filing History
IRS 990 filing history for Two Ten Footwear Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Two Ten Footwear Foundation Inc's revenue has grown by 27.8%, moving from $3.6M to $4.7M. Total assets increased by 17.8% over the same period, from $32.5M to $38.3M. Total functional expenses rose by 39.9%, from $4.1M to $5.7M. In its most recent filing year (2023), Two Ten Footwear Foundation Inc reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $735K in liabilities against $38.3M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $37.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $5.7M | $38.3M | $735K | — | — |
| 2022 | $5.8M | $5.8M | $38.2M | $605K | — | View 990 |
| 2021 | $4.3M | $6.3M | $45.3M | $2.0M | — | View 990 |
| 2020 | $5.4M | $9.8M | $38.0M | $921K | — | View 990 |
| 2019 | $5.5M | $7.1M | $41.8M | $858K | — | View 990 |
| 2018 | $6.8M | $6.9M | $42.6M | $364K | — | View 990 |
| 2017 | $6.9M | $5.6M | $42.1M | $352K | — | View 990 |
| 2016 | $6.4M | $5.2M | $38.1M | $514K | — | View 990 |
| 2015 | $6.7M | $5.0M | $39.0M | $367K | — | View 990 |
| 2014 | $5.1M | $4.7M | $39.1M | $523K | — | View 990 |
| 2013 | $3.9M | $5.3M | $35.0M | $483K | — | View 990 |
| 2012 | $6.4M | $4.4M | $34.1M | $361K | — | View 990 |
| 2011 | $3.6M | $4.1M | $32.5M | $292K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $5.7M, and assets of $38.3M (revenue -19.8% year-over-year).
- 2022: Revenue of $5.8M, expenses of $5.8M, and assets of $38.2M (revenue +35.8% year-over-year).
- 2021: Revenue of $4.3M, expenses of $6.3M, and assets of $45.3M (revenue -20.9% year-over-year).
- 2020: Revenue of $5.4M, expenses of $9.8M, and assets of $38.0M (revenue -2.4% year-over-year).
- 2019: Revenue of $5.5M, expenses of $7.1M, and assets of $41.8M (revenue -18.8% year-over-year).
- 2018: Revenue of $6.8M, expenses of $6.9M, and assets of $42.6M (revenue -1.5% year-over-year).
- 2017: Revenue of $6.9M, expenses of $5.6M, and assets of $42.1M (revenue +8.4% year-over-year).
- 2016: Revenue of $6.4M, expenses of $5.2M, and assets of $38.1M (revenue -3.9% year-over-year).
- 2015: Revenue of $6.7M, expenses of $5.0M, and assets of $39.0M (revenue +31.3% year-over-year).
- 2014: Revenue of $5.1M, expenses of $4.7M, and assets of $39.1M (revenue +29.9% year-over-year).
- 2013: Revenue of $3.9M, expenses of $5.3M, and assets of $35.0M (revenue -39.1% year-over-year).
- 2012: Revenue of $6.4M, expenses of $4.4M, and assets of $34.1M (revenue +75.9% year-over-year).
- 2011: Revenue of $3.6M, expenses of $4.1M, and assets of $32.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Two Ten Footwear Foundation Inc:
Data Sources and Methodology
This transparency report for Two Ten Footwear 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.