Caruso Family Charities
Caruso Family Charities shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 205904999 · Lakewood, CO · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $490K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.4 |
| Net Assets | $838K |
| Transparency Score | 90/100 |
Is Caruso Family Charities Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Caruso Family Charities directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Caruso Family Charities
Caruso Family Charities (EIN: 205904999) is a nonprofit organization based in Lakewood, CO, classified under NTEE code T90. The organization reported total revenue of $1.4M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caruso Family Charities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caruso Family Charities is a mid-size nonprofit that has been operating for 19 years, with 7 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $601K |
| Total Expenses | $490K |
| Surplus / Deficit | +$111K |
| Total Assets | $887K |
| Total Liabilities | $50K |
| Net Assets | $838K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 21.7 months |
Financial Health Grade: A
In 2021, Caruso Family Charities reported a surplus of $111K with revenue exceeding expenses, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2021), Caruso Family Charities's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +30.0% | +14.9% | +10.6% |
| 2020 | -5.2% | -18.7% | +20.5% |
| 2019 | +108.3% | +232.1% | +147.3% |
| 2014 | -10.9% | -37.0% | +39.3% |
| 2013 | +120.6% | +85.3% | +6.2% |
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 Caruso Family Charities with a Mission Score of 90 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Caruso Family Charities allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is not drawing salaries, which is highly commendable for a charity of its size with over $1.4 million in revenue and 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.
Strengths
The following positive indicators were identified for Caruso Family Charities:
- Strong and consistent revenue growth, particularly in recent years, from $461,958 in 2020 to $1,412,357 currently.
- Healthy asset accumulation, growing from $197,900 in 2011 to $1,403,953, indicating financial stability.
- No reported officer compensation across all filings, demonstrating a strong commitment to maximizing funds for charitable purposes.
- Low liabilities relative to assets and revenue, suggesting sound financial management.
- Consistent operational surpluses in most periods, such as $600,522 revenue vs. $489,636 expenses in 2021.
Frequently Asked Questions about Caruso Family Charities
Is Caruso Family Charities a legitimate charity?
Caruso Family Charities (EIN: 205904999) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 90/100. It has 7 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Caruso Family Charities spend its money?
Caruso Family Charities directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Caruso Family Charities tax-deductible?
Caruso Family Charities is registered as a tax-exempt nonprofit (EIN: 205904999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Caruso Family Charities CEO make?
Caruso Family Charities's highest-compensated officer earns $1.4 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Caruso Family Charities's spending goes to programs?
Caruso Family Charities directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Caruso Family Charities compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Caruso Family Charities is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Caruso Family Charities located?
Caruso Family Charities is headquartered in Lakewood, Colorado and files with the IRS under EIN 205904999. It is classified under NTEE code T90.
How many years of IRS 990 filings does Caruso Family Charities have?
Caruso Family Charities has 7 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 $1.4M in total revenue.
Is Caruso Family Charities financially stable?
Yes, Caruso Family Charities appears financially stable, demonstrating consistent revenue growth from $144,010 in 2011 to $1,412,357 currently, and a healthy asset base of $1,403,953 with relatively low liabilities.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, particularly in recent years, more than doubling from $461,958 in 2020 to $1,412,357 in the latest period, indicating increasing support.
Does Caruso Family Charities pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, suggesting that leadership serves without salary.
Filing History
IRS 990 filing history for Caruso Family Charities showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2021), Caruso Family Charities's revenue has grown by 317%, moving from $144K to $601K. Total assets increased by 348.4% over the same period, from $198K to $887K. Total functional expenses rose by 318%, from $117K to $490K. In its most recent filing year (2021), Caruso Family Charities reported a surplus of $111K, with revenue exceeding expenses. The organization holds $50K in liabilities against $887K in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $838K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $601K | $490K | $887K | $50K | — | View 990 |
| 2020 | $462K | $426K | $803K | $69K | — | View 990 |
| 2019 | $487K | $524K | $666K | $-222 | — | — |
| 2014 | $234K | $158K | $269K | $0 | — | View 990 |
| 2013 | $262K | $251K | $193K | $1 | — | View 990 |
| 2012 | $119K | $135K | $182K | $500 | — | View 990 |
| 2011 | $144K | $117K | $198K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $601K, expenses of $490K, and assets of $887K (revenue +30.0% year-over-year).
- 2020: Revenue of $462K, expenses of $426K, and assets of $803K (revenue -5.2% year-over-year).
- 2019: Revenue of $487K, expenses of $524K, and assets of $666K (revenue +108.3% year-over-year).
- 2014: Revenue of $234K, expenses of $158K, and assets of $269K (revenue -10.9% year-over-year).
- 2013: Revenue of $262K, expenses of $251K, and assets of $193K (revenue +120.6% year-over-year).
- 2012: Revenue of $119K, expenses of $135K, and assets of $182K (revenue -17.4% year-over-year).
- 2011: Revenue of $144K, expenses of $117K, and assets of $198K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caruso Family Charities:
Data Sources and Methodology
This transparency report for Caruso Family Charities 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.