Carlo Pittore Foundation For The Figurative Arts

Carlo Pittore Foundation reports $0 revenue and assets, indicating dormancy after years of minimal income.

EIN: 203153438 · Kennebunkport, ME · Updated: 2026-03-28

$0Revenue

$0Assets

30/100Mission Score (Poor)

Is Carlo Pittore Foundation For The Figurative Arts Legit?

Significant Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

ModerateTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Carlo Pittore Foundation For The Figurative Arts directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Carlo Pittore Foundation For The Figurative Arts

Carlo Pittore Foundation For The Figurative Arts (EIN: 203153438) is a nonprofit organization based in Kennebunkport, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carlo Pittore Foundation For The Figurative Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Carlo Pittore Foundation For The Figurative Arts appears to be in a state of financial dormancy or decline based on its latest reported revenue and assets of $0. Historically, the organization has operated with very low revenue streams, such as $11,700 in 2014 and $13,170 in 2013, often exceeding its expenses. A significant negative revenue of $-67,262 was reported in 2012, indicating potential asset sales or significant losses. The consistent reporting of $0 for officer compensation across all available filings suggests a volunteer-led or very lean operational structure, which can be a sign of efficiency in some cases, but also raises questions about active management given the current $0 financial status. The lack of liabilities throughout its history is a positive indicator of financial prudence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carlo Pittore Foundation For The Figurative Arts with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 0%
programs: 100%
fundraising: 0%

According to IRS 990 filings, Carlo Pittore Foundation For The Figurative Arts allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, suggesting a volunteer-led organization or one with no paid officers, which is highly unusual for an organization with significant assets in prior 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 Carlo Pittore Foundation For The Figurative Arts's IRS 990 filings:

Latest reported revenue and assets are $0, indicating potential cessation of operations.
History of very low and sometimes negative revenue streams.
Significant decline in assets from $693,546 in 2011 to $0 currently.

Strengths

The following positive indicators were identified for Carlo Pittore Foundation For The Figurative Arts:

No reported liabilities across all filing periods, indicating financial prudence.
Consistent 0% officer compensation, suggesting a volunteer-driven model in its active years.

Frequently Asked Questions about Carlo Pittore Foundation For The Figurative Arts

Is Carlo Pittore Foundation For The Figurative Arts a legitimate charity?

Based on AI analysis of IRS 990 filings, Carlo Pittore Foundation For The Figurative Arts (EIN: 203153438) significant concerns. Mission Score: 30/100. 3 red flags identified, 2 strengths noted.

How does Carlo Pittore Foundation For The Figurative Arts spend its money?

Carlo Pittore Foundation For The Figurative Arts directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Carlo Pittore Foundation For The Figurative Arts tax-deductible?

Carlo Pittore Foundation For The Figurative Arts is registered as a tax-exempt nonprofit (EIN: 203153438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is the Carlo Pittore Foundation For The Figurative Arts still operational?

Based on the latest reported revenue and assets of $0, it appears the organization may no longer be actively operating or has significantly scaled down its activities.

What caused the significant negative revenue in 2012?

The $-67,262 revenue in 2012 could indicate a significant loss on investments, a major asset sale below cost, or a substantial return of contributions, but without more detailed filings, the exact cause is unclear.

How did the organization manage to operate with such low revenue in prior years?

The organization likely relied on its substantial asset base (e.g., $567,887 in 2014) to cover expenses, as its annual revenues were often insufficient to meet its operational costs.

Filing History

IRS 990 filing history for Carlo Pittore Foundation For The Figurative Arts showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2011–2014), Carlo Pittore Foundation For The Figurative Arts's revenue has declined by 60.7%, moving from $30K to $12K. Total assets decreased by 18.1% over the same period, from $694K to $568K. Total functional expenses fell by 75.8%, from $74K to $18K. In its most recent filing year (2014), Carlo Pittore Foundation For The Figurative Arts reported a deficit of $6K, with expenses exceeding revenue. The organization holds $1 in liabilities against $568K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $568K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2014	$12K	$18K	$568K	$1	—	View 990
2013	$13K	$13K	$574K	$0	—	View 990
2012	$-67,262	$52K	$574K	$0	—	View 990
2011	$30K	$74K	$694K	$0	—	View 990

Year-by-Year Financial Summary

2014: Revenue of $12K, expenses of $18K, and assets of $568K (revenue -11.2% year-over-year).
2013: Revenue of $13K, expenses of $13K, and assets of $574K.
2012: Revenue of $-67,262, expenses of $52K, and assets of $574K (revenue -325.7% year-over-year).
2011: Revenue of $30K, expenses of $74K, and assets of $694K.

Data Sources and Methodology

This transparency report for Carlo Pittore Foundation For The Figurative Arts 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.