Calarco Family Foundation Inc

Calarco Family Foundation shows volatile revenue and consistent deficits in recent years.

EIN: 201976848 · Woodbridge, CT · NTEE: T22 · Updated: 2026-03-28

$281KRevenue

$593KAssets

65/100Mission Score (Good)

T22

About Calarco Family Foundation Inc

Calarco Family Foundation Inc (EIN: 201976848) is a nonprofit organization based in Woodbridge, CT, classified under NTEE code T22. The organization reported total revenue of $281K and total assets of $593K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Calarco Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Calarco Family Foundation Inc. exhibits inconsistent financial performance over its filing history. While it maintains a relatively stable asset base, recent years show significant fluctuations in revenue and expenses. For instance, the 202312 period reported negative revenue of $-7,783 against expenses of $133,701, indicating a substantial deficit. This trend of expenses often exceeding revenue is also visible in periods like 202212 ($40,763 revenue vs. $84,600 expenses) and 202112 ($34,198 revenue vs. $115,300 expenses). The organization's latest reported revenue of $280,944 is significantly higher than most recent years, but the 202312 filing shows a sharp decline. The foundation consistently reports 0% officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging. The consistent reporting of low liabilities (e.g., $5,200 in 202312) suggests good financial management in terms of debt, but the overall financial health is impacted by the revenue volatility and expense levels.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Calarco Family Foundation Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Calarco Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly favorable for a foundation of its size with assets around $400,000 to $700,000 in recent years.

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.

Red Flags

The following concerns were identified during AI analysis of Calarco Family Foundation Inc's IRS 990 filings:

Significant negative revenue reported in 202312 ($-7,783).
Expenses consistently exceed revenue in multiple recent periods (e.g., 202312, 202212, 202112).
Declining asset base over the long term, from over $1 million to $406,819.
Lack of detailed expense breakdown in provided data makes spending efficiency difficult to fully assess.

Strengths

The following positive indicators were identified for Calarco Family Foundation Inc:

Consistent reporting of 0% officer compensation, indicating no executive pay.
Maintains relatively low liabilities across all reported periods (e.g., $5,200 in 202312).
Has a substantial asset base ($406,819 in 202312) despite recent declines.

Frequently Asked Questions about Calarco Family Foundation Inc

Is Calarco Family Foundation Inc. financially stable?

The foundation's financial stability is questionable given the significant negative revenue in 202312 ($-7,783) and consistent deficits where expenses frequently exceed revenue in recent years (e.g., 202212 expenses $84,600 vs. revenue $40,763). While assets are substantial, the operational cash flow appears inconsistent.

How does the foundation manage its expenses?

Without a detailed breakdown of expenses beyond total figures, it's difficult to assess specific management. However, the consistent reporting of 0% officer compensation suggests good control over executive costs. The high expense levels relative to revenue in many periods (e.g., $133,701 expenses in 202312) warrant further investigation into the nature of these expenditures.

What is the trend in the foundation's assets?

The foundation's assets have generally been declining from a high of $1,057,156 in 201112 to $406,819 in 202312, with some fluctuations. This downward trend, especially in conjunction with operational deficits, could be a concern for long-term sustainability.

Filing History

IRS 990 filing history for Calarco Family Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Calarco Family Foundation Inc's revenue has declined by 103.6%, moving from $214K to $-7,783. Total assets decreased by 61.5% over the same period, from $1.1M to $407K. Total functional expenses fell by 45.5%, from $246K to $134K. The organization holds $5K in liabilities against $407K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $402K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$-7,783	$134K	$407K	$5K	—	View 990
2022	$41K	$85K	$543K	$200	—	View 990
2021	$34K	$115K	$587K	$200	—	View 990
2020	$22K	$59K	$668K	$200	—	—
2019	$28K	$6K	$705K	$200	—	View 990
2015	$22K	$10K	$627K	$200	—	View 990
2014	$31K	$18K	$615K	$200	—	View 990
2013	$52K	$232K	$602K	$200	—	View 990
2012	$-50,578	$225K	$782K	$1	—	View 990
2011	$214K	$246K	$1.1M	$1	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $-7,783, expenses of $134K, and assets of $407K (revenue -119.1% year-over-year).
2022: Revenue of $41K, expenses of $85K, and assets of $543K (revenue +19.2% year-over-year).
2021: Revenue of $34K, expenses of $115K, and assets of $587K (revenue +57.7% year-over-year).
2020: Revenue of $22K, expenses of $59K, and assets of $668K (revenue -22.3% year-over-year).
2019: Revenue of $28K, expenses of $6K, and assets of $705K (revenue +28.7% year-over-year).
2015: Revenue of $22K, expenses of $10K, and assets of $627K (revenue -29.4% year-over-year).
2014: Revenue of $31K, expenses of $18K, and assets of $615K (revenue -40.6% year-over-year).
2013: Revenue of $52K, expenses of $232K, and assets of $602K.
2012: Revenue of $-50,578, expenses of $225K, and assets of $782K (revenue -123.7% year-over-year).
2011: Revenue of $214K, expenses of $246K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Calarco Family 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.