Caputo Foundation Inc
Caputo Foundation consistently spends more than it earns, drawing down assets despite zero reported officer compensation.
EIN: 203987936 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $625K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $14.1M |
| Transparency Score | 65/100 |
Is Caputo Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caputo Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caputo Foundation Inc
Caputo Foundation Inc (EIN: 203987936) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $3.5M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caputo Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caputo Foundation Inc is a mid-size 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 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $244K |
| Total Expenses | $625K |
| Surplus / Deficit | $-380,400 |
| Total Assets | $14.1M |
| Total Liabilities | $1 |
| Net Assets | $14.1M |
| Operating Margin | -155.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 270.8 months |
Financial Health Grade: B
In 2023, Caputo Foundation Inc reported a deficit of $380K with expenses exceeding revenue, holds 270.8 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), Caputo Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.9% | -18.4% | -2.6% |
| 2022 | +103.3% | -1.7% | -0.5% |
| 2021 | -5.9% | -32.5% | -2.9% |
| 2020 | -11.2% | -3.5% | -5.0% |
| 2019 | -63.2% | +130.9% | +28.7% |
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 Caputo 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Caputo Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $380K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Caputo Foundation Inc. consistently reports 0% officer compensation across all available filings, including the latest period (202312). This suggests that executive leadership may be entirely volunteer-based or compensated through other means not categorized as 'officer compensation,' which is unusual for an organization with over $14 million in 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.
Red Flags
The following concerns were identified during AI analysis of Caputo Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in recent years, e.g., $624,662 expenses vs. $244,262 revenue in 202312.
- Declining asset base from $15,774,523 in 201912 to $14,097,092 in 202312, indicating reliance on principal to cover costs.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Caputo Foundation Inc:
- Substantial asset base of $14,097,092 (202312), providing significant financial cushion.
- Extremely low liabilities ($1 across all filings), indicating minimal debt burden.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership.
- Strong history of IRS 990 filings (10 filings), demonstrating transparency in reporting obligations.
Frequently Asked Questions about Caputo Foundation Inc
Is Caputo Foundation Inc a legitimate charity?
Caputo Foundation Inc (EIN: 203987936) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.5M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Caputo Foundation Inc spend its money?
Caputo Foundation Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Caputo Foundation Inc tax-deductible?
Caputo Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203987936). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Caputo Foundation Inc CEO make?
Caputo Foundation Inc's highest-compensated officer earns $14 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Caputo Foundation Inc's spending goes to programs?
Caputo Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Caputo Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Caputo Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caputo Foundation Inc located?
Caputo Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203987936. It is classified under NTEE code T22.
How many years of IRS 990 filings does Caputo Foundation Inc have?
Caputo Foundation Inc has 10 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 $3.5M in total revenue.
How does Caputo Foundation Inc. cover its operational deficits, given that expenses consistently exceed revenue in recent years?
The organization appears to be covering its operational deficits by drawing down its substantial asset base, which decreased from $15,774,523 in 201912 to $14,097,092 in 202312.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency accurately beyond the overall operational deficit.
Is the 0% officer compensation accurate, and if so, how is executive leadership sustained?
The filings consistently report 0% officer compensation. This suggests either a fully volunteer executive team or that compensation is reported under different expense categories not specified in the provided summary.
What is the long-term strategy for financial sustainability given the trend of declining assets?
The current trend of expenses exceeding revenue and the subsequent decline in assets ($15.7M in 2019 to $14.0M in 2023) indicates a need for a clear strategy to either increase revenue or reduce expenses to ensure long-term sustainability without depleting its endowment.
Filing History
IRS 990 filing history for Caputo Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Caputo Foundation Inc's revenue has grown by 534.3%, moving from $39K to $244K. Total assets increased by 15161.7% over the same period, from $92K to $14.1M. Total functional expenses rose by 2855.4%, from $21K to $625K. In its most recent filing year (2023), Caputo Foundation Inc reported a deficit of $380K, with expenses exceeding revenue. The organization holds $1 in liabilities against $14.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $244K | $625K | $14.1M | $1 | — | — |
| 2022 | $695K | $765K | $14.5M | $1 | — | View 990 |
| 2021 | $342K | $779K | $14.5M | $1 | — | View 990 |
| 2020 | $363K | $1.2M | $15.0M | $1 | — | View 990 |
| 2019 | $409K | $1.2M | $15.8M | $1 | — | View 990 |
| 2015 | $1.1M | $518K | $12.3M | $1 | — | View 990 |
| 2014 | $8.9M | $66K | $11.7M | $1 | — | View 990 |
| 2013 | $2.8M | $33K | $2.9M | $1 | — | View 990 |
| 2012 | $39K | $5K | $125K | $1 | — | View 990 |
| 2011 | $39K | $21K | $92K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $244K, expenses of $625K, and assets of $14.1M (revenue -64.9% year-over-year).
- 2022: Revenue of $695K, expenses of $765K, and assets of $14.5M (revenue +103.3% year-over-year).
- 2021: Revenue of $342K, expenses of $779K, and assets of $14.5M (revenue -5.9% year-over-year).
- 2020: Revenue of $363K, expenses of $1.2M, and assets of $15.0M (revenue -11.2% year-over-year).
- 2019: Revenue of $409K, expenses of $1.2M, and assets of $15.8M (revenue -63.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $518K, and assets of $12.3M (revenue -87.4% year-over-year).
- 2014: Revenue of $8.9M, expenses of $66K, and assets of $11.7M (revenue +219.9% year-over-year).
- 2013: Revenue of $2.8M, expenses of $33K, and assets of $2.9M (revenue +7096.5% year-over-year).
- 2012: Revenue of $39K, expenses of $5K, and assets of $125K (revenue +0.0% year-over-year).
- 2011: Revenue of $39K, expenses of $21K, and assets of $92K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caputo Foundation Inc:
Data Sources and Methodology
This transparency report for Caputo 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.