Carley Family Foundation
Carley Family Foundation experiences consistent asset decline and volatile revenue, operating with minimal liabilities and no officer compensation.
EIN: 208070645 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $827K |
| Total Expenses | $197K |
| Program Spending | 70% |
| Net Assets | $2.8M |
| Transparency Score | 65/100 |
Is Carley Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carley Family Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Carley Family Foundation
Carley Family Foundation (EIN: 208070645) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $827K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carley Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carley Family Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $197K |
| Surplus / Deficit | $-30,170 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.2 months |
Financial Health Grade: B
In 2023, Carley Family Foundation reported a deficit of $30K with expenses exceeding revenue, holds 168.2 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), Carley Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -117.4% | +16.5% | -7.7% |
| 2019 | -199.1% | +68.4% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Carley Family Foundation 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, Carley Family Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Carley Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its asset size and suggests a volunteer-led or very lean operational structure.
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 Carley Family Foundation's IRS 990 filings:
- Consistent decline in assets from $3,535,274 in 2011 to $2,732,788 currently.
- Frequent reporting of negative revenue (e.g., -$25,579 in 2022, -$290,948 in 2020), suggesting unsustainable financial reliance.
- Expenses often exceed revenue, leading to asset depletion (e.g., 2023: Revenue $166,773, Expenses $196,943).
Strengths
The following positive indicators were identified for Carley Family Foundation:
- Consistently reports 0% officer compensation, indicating low executive overhead.
- Maintains extremely low liabilities ($1 across most filings), demonstrating strong financial control over debt.
- Consistent filing of IRS 990 forms, indicating transparency in reporting.
Frequently Asked Questions about Carley Family Foundation
Is Carley Family Foundation a legitimate charity?
Carley Family Foundation (EIN: 208070645) 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: $827K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Carley Family Foundation spend its money?
Carley Family Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Carley Family Foundation tax-deductible?
Carley Family Foundation is registered as a tax-exempt nonprofit (EIN: 208070645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carley Family Foundation's spending goes to programs?
Carley Family Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Carley Family Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Carley Family Foundation 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 Carley Family Foundation located?
Carley Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208070645. It is classified under NTEE code T22.
How many years of IRS 990 filings does Carley Family Foundation have?
Carley Family Foundation 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 $827K in total revenue.
How does the Carley Family Foundation sustain its operations given frequent negative revenue and declining assets?
The foundation appears to be drawing down its asset base to cover expenses, as evidenced by the consistent decline in assets from $3,535,274 in 2011 to $2,732,788 currently, alongside periods of negative revenue.
What are the specific program activities funded by the Carley Family Foundation?
The provided data does not detail specific program activities, only financial aggregates. A review of the full 990 forms would be necessary to understand its programmatic focus.
What is the cause of the frequent negative revenue reported by the foundation?
Negative revenue often indicates investment losses or significant returns of contributions. Without detailed financial statements, the exact cause cannot be determined from the summary data.
Filing History
IRS 990 filing history for Carley Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Carley Family Foundation's revenue has declined by 22.4%, moving from $215K to $167K. Total assets decreased by 21.9% over the same period, from $3.5M to $2.8M. Total functional expenses fell by 54.6%, from $434K to $197K. In its most recent filing year (2023), Carley Family Foundation reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $197K | $2.8M | $1 | — | View 990 |
| 2022 | $-25,579 | $208K | $2.8M | $1 | — | View 990 |
| 2021 | $147K | $178K | $3.0M | $1 | — | View 990 |
| 2020 | $-290,948 | $208K | $3.1M | $1 | — | View 990 |
| 2019 | $-175,026 | $202K | $3.6M | $1 | — | View 990 |
| 2015 | $177K | $120K | $3.8M | $1 | — | View 990 |
| 2014 | $134K | $147K | $3.8M | $0 | — | View 990 |
| 2013 | $237K | $109K | $3.8M | $1 | — | View 990 |
| 2012 | $215K | $88K | $3.7M | $1 | — | View 990 |
| 2011 | $215K | $434K | $3.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $197K, and assets of $2.8M.
- 2022: Revenue of $-25,579, expenses of $208K, and assets of $2.8M (revenue -117.4% year-over-year).
- 2021: Revenue of $147K, expenses of $178K, and assets of $3.0M.
- 2020: Revenue of $-290,948, expenses of $208K, and assets of $3.1M.
- 2019: Revenue of $-175,026, expenses of $202K, and assets of $3.6M (revenue -199.1% year-over-year).
- 2015: Revenue of $177K, expenses of $120K, and assets of $3.8M (revenue +31.6% year-over-year).
- 2014: Revenue of $134K, expenses of $147K, and assets of $3.8M (revenue -43.3% year-over-year).
- 2013: Revenue of $237K, expenses of $109K, and assets of $3.8M (revenue +10.4% year-over-year).
- 2012: Revenue of $215K, expenses of $88K, and assets of $3.7M (revenue -0.2% year-over-year).
- 2011: Revenue of $215K, expenses of $434K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carley Family Foundation:
Data Sources and Methodology
This transparency report for Carley 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.