Carthaus Family Foundation Inc
Carthaus Family Foundation consistently spends more than it earns, drawing down assets.
EIN: 133132066 · S Londonderry, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $8K |
| Program Spending | 80% |
| Net Assets | $68K |
| Transparency Score | 65/100 |
Is Carthaus Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carthaus Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carthaus Family Foundation Inc
Carthaus Family Foundation Inc (EIN: 133132066) is a nonprofit organization based in S Londonderry, VT. The organization reported total revenue of $3K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carthaus Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carthaus Family Foundation Inc is a micro nonprofit that has been operating for 44 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $8K |
| Surplus / Deficit | $-5,359 |
| Total Assets | $68K |
| Total Liabilities | $1 |
| Net Assets | $68K |
| Operating Margin | -202.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 102.5 months |
Financial Health Grade: B
In 2024, Carthaus Family Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 102.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2024), Carthaus Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.4% | +22.9% | -4.2% |
| 2023 | +6.7% | -3.6% | -28.6% |
| 2022 | +0.7% | +18.4% | -5.7% |
| 2021 | -53.2% | +440.9% | -4.4% |
| 2020 | +82.2% | — | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Carthaus Family 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Carthaus Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for an organization of this size.
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 Carthaus Family Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $8,011 expenses vs. $2,652 revenue in 2024.
- Declining asset base over time, from $118,055 in 2016 to $74,243 currently, indicating unsustainable spending.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Carthaus Family Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds at the executive level.
- Maintains minimal liabilities, consistently reported as $0 or $1.
- Regularly files IRS 990 forms, demonstrating compliance and transparency.
Frequently Asked Questions about Carthaus Family Foundation Inc
Is Carthaus Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carthaus Family Foundation Inc (EIN: 133132066) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Carthaus Family Foundation Inc spend its money?
Carthaus Family Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carthaus Family Foundation Inc tax-deductible?
Carthaus Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133132066). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carthaus Family Foundation Inc located?
Carthaus Family Foundation Inc is headquartered in S Londonderry, Vermont and files with the IRS under EIN 133132066.
How many years of IRS 990 filings does Carthaus Family Foundation Inc have?
Carthaus Family Foundation Inc has 11 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 $3K in total revenue.
Is Carthaus Family Foundation Inc. financially sustainable?
The foundation's financial sustainability is questionable given its consistent pattern of expenses exceeding revenue. For example, in 2024, expenses were $8,011 against revenue of $2,652. This trend has led to a decrease in assets from $118,055 in 2016 to $74,243 currently.
What is the primary source of funding for the foundation?
Based on the consistent low revenue figures and the asset depletion, it appears the foundation primarily relies on its existing asset base to cover expenses, rather than significant ongoing fundraising or program service revenue.
How does the foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, particularly regarding executive compensation, which is consistently reported as zero. This suggests a volunteer-driven or very lean operational model.
Filing History
IRS 990 filing history for Carthaus Family Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Carthaus Family Foundation Inc's revenue has grown by 60%, moving from $2K to $3K. Total assets decreased by 22.8% over the same period, from $89K to $68K. Total functional expenses fell by 30.5%, from $12K to $8K. In its most recent filing year (2024), Carthaus Family Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $68K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $68K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3K | $8K | $68K | $1 | — | — |
| 2023 | $3K | $7K | $71K | $1 | — | View 990 |
| 2022 | $2K | $7K | $100K | $1 | — | — |
| 2021 | $2K | $6K | $106K | $1 | — | — |
| 2020 | $5K | $1K | $111K | $1 | — | View 990 |
| 2019 | $3K | $0 | $110K | $0 | — | View 990 |
| 2016 | $60K | $8K | $118K | $0 | — | View 990 |
| 2015 | $2K | $9K | $66K | $0 | — | View 990 |
| 2014 | $2K | $10K | $73K | $0 | — | View 990 |
| 2013 | $2K | $10K | $80K | $0 | — | View 990 |
| 2012 | $2K | $12K | $89K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $3K, expenses of $8K, and assets of $68K (revenue +5.4% year-over-year).
- 2023: Revenue of $3K, expenses of $7K, and assets of $71K (revenue +6.7% year-over-year).
- 2022: Revenue of $2K, expenses of $7K, and assets of $100K (revenue +0.7% year-over-year).
- 2021: Revenue of $2K, expenses of $6K, and assets of $106K (revenue -53.2% year-over-year).
- 2020: Revenue of $5K, expenses of $1K, and assets of $111K (revenue +82.2% year-over-year).
- 2019: Revenue of $3K, expenses of $0, and assets of $110K (revenue -95.4% year-over-year).
- 2016: Revenue of $60K, expenses of $8K, and assets of $118K (revenue +2711.7% year-over-year).
- 2015: Revenue of $2K, expenses of $9K, and assets of $66K (revenue +16.2% year-over-year).
- 2014: Revenue of $2K, expenses of $10K, and assets of $73K (revenue +8.4% year-over-year).
- 2013: Revenue of $2K, expenses of $10K, and assets of $80K (revenue +2.8% year-over-year).
- 2012: Revenue of $2K, expenses of $12K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carthaus Family Foundation Inc:
Data Sources and Methodology
This transparency report for Carthaus Family 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.