Charity Search / TOWNEBANK FOUNDATION
Diseases & Disorders (G12) 990 on File

TOWNEBANK FOUNDATION

EIN: 54-2036534 · SUFFOLK, VA 23435-2767 · United States · FY 2024 Data
3 out of 5 50 / 100 Based on 2+ years of filings
Financial strength (30%) 87/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$12.0M
Total Revenue
$9.1M
Total Expenses
$20.0M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 91.9%
Fundraising Efficiency N/A
Operating Reserve 26.45x
Liability-to-Asset 0.0%
Revenue Diversification 73.5%
Executive Compensation $25K
Compared with Peers
FY 2024
Compared with 638 similar organizations (United States, Diseases & Disorders, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
91.9% 82.3%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
26.5 mo 11.4 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 12.7%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
73.5% 91.5%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
48.7% 9.6%
P10P90
Expense growth
Year over year expense growth
12.7% 8.8%
P10P90
Surplus margin
Surplus as a share of revenue
24.3% 2.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $12.0M $9.1M $20.0M 91.9% —
2023 $8.1M $8.0M $17.1M 92.2% —
2022 $11.9M $7.0M $17.1M 97.7% —
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Organization Details
EIN
54-2036534
State
VA
City
SUFFOLK
ZIP
23435-2767
Classification
G12
Category
Diseases & Disorders
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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