Carson Fam Charitable Tr
Carson Fam Charitable Tr maintains substantial assets with zero reported officer compensation, experiencing fluctuating annual revenues and expenses.
EIN: 136957038 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $73.0M |
| Total Expenses | $61.1M |
| Program Spending | 90% |
| Net Assets | $466.6M |
| Transparency Score | 85/100 |
Is Carson Fam Charitable Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carson Fam Charitable Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carson Fam Charitable Tr
Carson Fam Charitable Tr (EIN: 136957038) is a nonprofit organization based in New York, NY. The organization reported total revenue of $73.0M and total assets of $497.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carson Fam Charitable Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carson Fam Charitable Tr is a major nonprofit that has been operating for 35 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44.6M |
| Total Expenses | $61.1M |
| Surplus / Deficit | $-16,537,438 |
| Total Assets | $466.6M |
| Total Liabilities | $1 |
| Net Assets | $466.6M |
| Operating Margin | -37.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 91.6 months |
Financial Health Grade: B
In 2023, Carson Fam Charitable Tr reported a deficit of $16.5M with expenses exceeding revenue, holds 91.6 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), Carson Fam Charitable Tr's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.0% | -13.0% | +2.8% |
| 2022 | -12.6% | +3.2% | +31.2% |
| 2021 | -11.8% | +1.3% | +14.4% |
| 2020 | +4.1% | +36.6% | +38.7% |
| 2019 | +1054.7% | +55.6% | +853.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Carson Fam Charitable Tr with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Carson Fam Charitable Tr allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $16.5M, 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 executive leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which is a positive for minimizing overhead.
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 Carson Fam Charitable Tr's IRS 990 filings:
- Unknown NTEE code limits comparative analysis
- Significant year-to-year fluctuations in revenue and expenses, such as revenue dropping from $111.5 million in 2022 to $44.6 million in 2023, could indicate inconsistent funding or grant cycles.
Strengths
The following positive indicators were identified for Carson Fam Charitable Tr:
- Consistent growth in assets, from $6.47 million in 2011 to $497.62 million currently, demonstrating strong financial management.
- Zero reported officer compensation across all filings, indicating efficient use of funds for leadership.
- Low liabilities reported in most periods, suggesting good financial health and minimal debt.
- Substantial financial reserves with current assets of $497.62 million.
Frequently Asked Questions about Carson Fam Charitable Tr
Is Carson Fam Charitable Tr a legitimate charity?
Carson Fam Charitable Tr (EIN: 136957038) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $73.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Carson Fam Charitable Tr spend its money?
Carson Fam Charitable Tr directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Carson Fam Charitable Tr tax-deductible?
Carson Fam Charitable Tr is registered as a tax-exempt nonprofit (EIN: 136957038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carson Fam Charitable Tr's spending goes to programs?
Carson Fam Charitable Tr directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Carson Fam Charitable Tr located?
Carson Fam Charitable Tr is headquartered in New York, New York and files with the IRS under EIN 136957038.
How many years of IRS 990 filings does Carson Fam Charitable Tr have?
Carson Fam Charitable Tr 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 $73.0M in total revenue.
What is the primary purpose or mission of Carson Fam Charitable Tr?
Without an NTEE code or detailed program service accomplishments from the 990, the specific mission of the Carson Fam Charitable Tr is unclear from the provided data. It appears to be a grant-making foundation given its asset growth and expense patterns.
How does the organization manage its significant asset base?
The organization has grown its assets from $6.47 million in 2011 to $497.62 million currently, suggesting robust investment management. The consistent growth despite revenue fluctuations indicates a focus on long-term financial stability and endowment building.
Why is there no officer compensation reported?
The consistent reporting of 0% officer compensation suggests that the trust may be managed by volunteers, or its administrative functions are handled by an external entity, or compensation is structured in a way that doesn't fall under 'officer compensation' on the 990. This generally indicates low administrative overhead related to executive salaries.
Filing History
IRS 990 filing history for Carson Fam Charitable Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Carson Fam Charitable Tr's revenue has declined by 23.8%, moving from $58.5M to $44.6M. Total assets increased by 7109.5% over the same period, from $6.5M to $466.6M. Total functional expenses rose by 177.9%, from $22.0M to $61.1M. In its most recent filing year (2023), Carson Fam Charitable Tr reported a deficit of $16.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $466.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $466.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44.6M | $61.1M | $466.6M | $1 | — | View 990 |
| 2022 | $111.5M | $70.3M | $454.0M | $1 | — | View 990 |
| 2021 | $127.6M | $68.1M | $346.0M | $9.2M | — | View 990 |
| 2020 | $144.7M | $67.2M | $302.4M | $16.9M | — | View 990 |
| 2019 | $139.0M | $49.2M | $218.0M | $0 | — | View 990 |
| 2015 | $12.0M | $31.6M | $22.9M | $0 | — | View 990 |
| 2014 | $11.1M | $34.7M | $27.7M | $0 | — | View 990 |
| 2013 | $93.5M | $22.2M | $34.3M | $0 | — | View 990 |
| 2012 | $16.4M | $19.4M | $3.5M | $0 | — | View 990 |
| 2011 | $58.5M | $22.0M | $6.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44.6M, expenses of $61.1M, and assets of $466.6M (revenue -60.0% year-over-year).
- 2022: Revenue of $111.5M, expenses of $70.3M, and assets of $454.0M (revenue -12.6% year-over-year).
- 2021: Revenue of $127.6M, expenses of $68.1M, and assets of $346.0M (revenue -11.8% year-over-year).
- 2020: Revenue of $144.7M, expenses of $67.2M, and assets of $302.4M (revenue +4.1% year-over-year).
- 2019: Revenue of $139.0M, expenses of $49.2M, and assets of $218.0M (revenue +1054.7% year-over-year).
- 2015: Revenue of $12.0M, expenses of $31.6M, and assets of $22.9M (revenue +8.3% year-over-year).
- 2014: Revenue of $11.1M, expenses of $34.7M, and assets of $27.7M (revenue -88.1% year-over-year).
- 2013: Revenue of $93.5M, expenses of $22.2M, and assets of $34.3M (revenue +470.5% year-over-year).
- 2012: Revenue of $16.4M, expenses of $19.4M, and assets of $3.5M (revenue -72.0% year-over-year).
- 2011: Revenue of $58.5M, expenses of $22.0M, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carson Fam Charitable Tr:
Data Sources and Methodology
This transparency report for Carson Fam Charitable Tr 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.