Is Cassiopeia Foundation Inc Legit? —…

Red Flags

Significant and consistent decline in total assets from $161M in 2011 to $48M in 2023.
Persistent operating deficits, with expenses frequently exceeding revenue (e.g., $2,620,824 expenses vs. $2,439,759 revenue in 2023).
Negative revenue reported in 2021 ($-3,074,297), which is highly unusual and requires explanation.
High expense figures relative to revenue in several years, such as $10,541,493 expenses against $1,982,141 revenue in 2020.

Spending Breakdown

How Cassiopeia Foundation Inc allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Cassiopeia Foundation Inc

Is Cassiopeia Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Cassiopeia Foundation Inc (EIN: 136034219) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.

Is Cassiopeia Foundation Inc a good charity to donate to?

Cassiopeia Foundation Inc has a Mission Score of 45/100. Revenue: $2.6M. Assets: $48.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cassiopeia Foundation Inc?

The Employer Identification Number (EIN) for Cassiopeia Foundation Inc is 136034219. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Cassiopeia Foundation Inc spend its money?

Cassiopeia Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cassiopeia Foundation Inc's tax-exempt status?

You can verify Cassiopeia Foundation Inc's tax-exempt status using EIN 136034219 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Cassiopeia Foundation Inc. exhibits a concerning trend of declining assets and consistent operating deficits over the past decade. From a peak of $161,227,396 in assets in 2011, the organization's assets have plummeted to $48,805,149 as of its latest filing, representing a significant reduction in its financial base. While the organization consistently reports 0% officer compensation, which is a positive indicator of executive cost control, the substantial and recurring negative net income (expenses exceeding revenue) raises serious questions about its long-term financial sustainability. For instance, in 2020, expenses were $10,541,493 against revenues of $1,982,141, and in 2021, revenue was negative $-3,074,297 while expenses were $3,360,725.

The organization's financial health appears to be deteriorating, with expenses frequently outstripping revenue. In 2023, expenses ($2,620,824) exceeded revenue ($2,439,759), and a similar pattern is observed in most recent years. The significant drop in assets, coupled with these persistent deficits, suggests that the foundation may be drawing down its endowment or other reserves to cover operational costs. While the lack of officer compensation indicates good governance in that specific area, the overall financial trajectory points to an organization facing significant challenges in maintaining its asset base and achieving financial equilibrium. Further details on program spending versus administrative and fundraising costs would be crucial for a complete assessment of spending efficiency, as this data is not provided in the summary.

Is Cassiopeia Foundation Inc Legit?

Verdict: Cassiopeia Foundation Inc shows mixed signals