Calicchio Family Foundation
Calicchio Family Foundation's assets have declined by 89% since 2011, with expenses consistently exceeding revenue.
EIN: 202831864 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Calicchio Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Calicchio Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Calicchio Family Foundation
Calicchio Family Foundation (EIN: 202831864) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $73 and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Calicchio Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Calicchio Family Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $5K |
| Surplus / Deficit | $-1,126 |
| Total Assets | $22K |
| Total Liabilities | $1 |
| Net Assets | $22K |
| Operating Margin | -27.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.7 months |
Financial Health Grade: B
In 2023, Calicchio Family Foundation reported a deficit of $1K with expenses exceeding revenue, holds 50.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Calicchio Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.2% | +14.2% | -4.8% |
| 2022 | +83883.3% | +11.3% | +1.9% |
| 2021 | -88.2% | -11.1% | -15.3% |
| 2020 | -81.8% | -2.9% | -14.6% |
| 2019 | +3011.1% | -48.5% | -35.4% |
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 Calicchio Family Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Calicchio Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is positive for minimizing administrative costs.
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 Calicchio Family Foundation's IRS 990 filings:
- Consistent operational deficits: Expenses have frequently exceeded revenue (e.g., $5,248 expenses vs. $4,122 revenue in 2023).
- Significant decline in assets: Assets have decreased from $196,561 in 2011 to $22,157 in 2023, indicating an unsustainable financial trend.
- Very low and inconsistent revenue: Many years show extremely low revenue figures (e.g., $6 in 2021, $73 latest), which is concerning for a foundation.
- Reliance on asset depletion: The foundation appears to be funding operations by drawing down its principal rather than generating sufficient income.
Strengths
The following positive indicators were identified for Calicchio Family Foundation:
- Zero officer compensation: The organization consistently reports 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Consistent IRS filing history: The foundation has a regular history of filing its IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Calicchio Family Foundation
Is Calicchio Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Calicchio Family Foundation (EIN: 202831864) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Calicchio Family Foundation spend its money?
Calicchio Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Calicchio Family Foundation tax-deductible?
Calicchio Family Foundation is registered as a tax-exempt nonprofit (EIN: 202831864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the long-term financial strategy for the Calicchio Family Foundation given its consistent operational deficits and declining assets?
The foundation has consistently spent more than it earns, drawing down its assets from $196,561 in 2011 to $22,157 in 2023. This trend suggests a need for a revised financial strategy to ensure sustainability.
How does the foundation generate its revenue, given that it is often very low (e.g., $6 in 2021, $51 in 2020)?
The revenue figures are often extremely low, sometimes in single or double digits, which is unusual for a foundation and raises questions about its funding sources and operational model.
What specific grantmaking activities or programs does the foundation support with its expenses?
As a private grantmaking foundation, the primary 'program' would be grants. However, without detailed expense breakdowns, it's unclear how the reported expenses (e.g., $5,248 in 2023) are allocated to specific charitable causes.
Filing History
IRS 990 filing history for Calicchio Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Calicchio Family Foundation's revenue has declined by 91.9%, moving from $51K to $4K. Total assets decreased by 88.7% over the same period, from $197K to $22K. Total functional expenses fell by 15.6%, from $6K to $5K. In its most recent filing year (2023), Calicchio Family Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $22K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $5K | $22K | $1 | — | — |
| 2022 | $5K | $5K | $23K | $1 | — | View 990 |
| 2021 | $6 | $4K | $23K | $1 | — | — |
| 2020 | $51 | $5K | $27K | $1 | — | View 990 |
| 2019 | $280 | $5K | $32K | $1 | — | — |
| 2015 | $9 | $9K | $49K | $1 | — | View 990 |
| 2014 | $14 | $11K | $58K | $0 | — | View 990 |
| 2013 | $16 | $18K | $70K | $1 | — | View 990 |
| 2012 | $2K | $111K | $87K | $1 | — | View 990 |
| 2011 | $51K | $6K | $197K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $5K, and assets of $22K (revenue -18.2% year-over-year).
- 2022: Revenue of $5K, expenses of $5K, and assets of $23K (revenue +83883.3% year-over-year).
- 2021: Revenue of $6, expenses of $4K, and assets of $23K (revenue -88.2% year-over-year).
- 2020: Revenue of $51, expenses of $5K, and assets of $27K (revenue -81.8% year-over-year).
- 2019: Revenue of $280, expenses of $5K, and assets of $32K (revenue +3011.1% year-over-year).
- 2015: Revenue of $9, expenses of $9K, and assets of $49K (revenue -35.7% year-over-year).
- 2014: Revenue of $14, expenses of $11K, and assets of $58K (revenue -12.5% year-over-year).
- 2013: Revenue of $16, expenses of $18K, and assets of $70K (revenue -99.0% year-over-year).
- 2012: Revenue of $2K, expenses of $111K, and assets of $87K (revenue -96.8% year-over-year).
- 2011: Revenue of $51K, expenses of $6K, and assets of $197K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Calicchio Family Foundation:
Data Sources and Methodology
This transparency report for Calicchio Family Foundation 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.