Casey 4522 Foundation
Casey 4522 Foundation experiences massive revenue surge with minimal expenses in latest filing.
EIN: 203503986 · Springfield, VA · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $773K |
| Total Expenses | $74K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.2 |
| Net Assets | $1.4M |
| Transparency Score | 70/100 |
Is Casey 4522 Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Casey 4522 Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Casey 4522 Foundation
Casey 4522 Foundation (EIN: 203503986) is a nonprofit organization based in Springfield, VA, classified under NTEE code T31. The organization reported total revenue of $773K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Casey 4522 Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Casey 4522 Foundation is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 36.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $74K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $1.5M |
| Total Liabilities | $40K |
| Net Assets | $1.4M |
| Operating Margin | 93.8% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 240.2 months |
Financial Health Grade: A
In 2024, Casey 4522 Foundation reported a surplus of $1.1M with revenue exceeding expenses, holds 240.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Casey 4522 Foundation's revenue has grown at a compound annual growth rate (CAGR) of 36.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9208.3% | +90.8% | +277.0% |
| 2023 | -90.6% | +21.1% | +16.0% |
| 2022 | +142.2% | +53.2% | +45.2% |
| 2021 | +898.0% | +11.5% | +18.2% |
| 2020 | -57.8% | +7.0% | -14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Casey 4522 Foundation with a Mission Score of 70 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Casey 4522 Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization with over $1.2 million in revenue and nearly $1.5 million in 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.
Red Flags
The following concerns were identified during AI analysis of Casey 4522 Foundation's IRS 990 filings:
- Extremely volatile revenue, with a massive, unexplained spike in the latest period (202406 revenue of $1,200,955 vs. $12,902 in 202306).
- Disproportionately low expenses ($73,919) compared to revenue ($1,200,955) in the latest filing, resulting in a very large surplus.
- Consistent 0% officer compensation for an organization with significant assets and revenue, which, while potentially positive, is unusual and warrants further inquiry into operational structure.
Strengths
The following positive indicators were identified for Casey 4522 Foundation:
- Strong asset growth, reaching $1,479,686 in 202406, indicating financial stability.
- Very low liabilities ($40,000 in 202406) relative to assets.
- Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing executive overhead.
Frequently Asked Questions about Casey 4522 Foundation
Is Casey 4522 Foundation a legitimate charity?
Casey 4522 Foundation (EIN: 203503986) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $773K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Casey 4522 Foundation spend its money?
Casey 4522 Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Casey 4522 Foundation tax-deductible?
Casey 4522 Foundation is registered as a tax-exempt nonprofit (EIN: 203503986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Casey 4522 Foundation CEO make?
Casey 4522 Foundation's highest-compensated officer earns $1.2 annually. The organization reported $773K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Casey 4522 Foundation's spending goes to programs?
Casey 4522 Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Casey 4522 Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Casey 4522 Foundation is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Casey 4522 Foundation located?
Casey 4522 Foundation is headquartered in Springfield, Virginia and files with the IRS under EIN 203503986. It is classified under NTEE code T31.
How many years of IRS 990 filings does Casey 4522 Foundation have?
Casey 4522 Foundation 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 $773K in total revenue.
What caused the dramatic increase in revenue from $12,902 in 202306 to $1,200,955 in 202406?
The provided data does not specify the source of this significant revenue increase. It could be a large one-time donation, a grant, or a change in funding strategy, which would require reviewing the full IRS Form 990 for details.
Given the low expenses ($73,919) relative to the high revenue ($1,200,955) in 202406, how are the excess funds being utilized or planned for?
The large surplus suggests that a significant portion of the revenue is either being accumulated as assets or is earmarked for future programs or investments. The full 990 filing would provide details on fund allocation and future plans.
How does the Casey 4522 Foundation operate without any reported officer compensation?
This could indicate that the organization is entirely volunteer-run at the executive level, or that executive services are provided pro bono, or compensated through an affiliated entity not reflected in these specific compensation fields. This is a notable characteristic for an organization of its size.
What are the specific program activities that the Casey 4522 Foundation engages in, given its NTEE code T31?
The NTEE code T31 generally refers to 'Foundations, Grantmaking & Giving Services - Private Grantmaking Foundations'. This suggests the organization primarily makes grants to other entities, rather than directly operating programs. The filings do not detail specific grant recipients or program areas.
Filing History
IRS 990 filing history for Casey 4522 Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Casey 4522 Foundation's revenue has grown by 5320%, moving from $22K to $1.2M. Total assets increased by 483% over the same period, from $254K to $1.5M. Total functional expenses rose by 277.3%, from $20K to $74K. In its most recent filing year (2024), Casey 4522 Foundation reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $40K in liabilities against $1.5M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $74K | $1.5M | $40K | — | View 990 |
| 2023 | $13K | $39K | $393K | $80K | — | View 990 |
| 2022 | $137K | $32K | $338K | $1 | — | View 990 |
| 2021 | $57K | $21K | $233K | $1 | — | View 990 |
| 2020 | $6K | $19K | $197K | $1 | — | View 990 |
| 2016 | $13K | $18K | $231K | $4K | — | View 990 |
| 2015 | $8K | $19K | $231K | $1 | — | View 990 |
| 2014 | $19K | $16K | $242K | $1 | — | View 990 |
| 2013 | $17K | $19K | $239K | $500 | — | View 990 |
| 2012 | $6K | $18K | $241K | $0 | — | View 990 |
| 2011 | $22K | $20K | $254K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $74K, and assets of $1.5M (revenue +9208.3% year-over-year).
- 2023: Revenue of $13K, expenses of $39K, and assets of $393K (revenue -90.6% year-over-year).
- 2022: Revenue of $137K, expenses of $32K, and assets of $338K (revenue +142.2% year-over-year).
- 2021: Revenue of $57K, expenses of $21K, and assets of $233K (revenue +898.0% year-over-year).
- 2020: Revenue of $6K, expenses of $19K, and assets of $197K (revenue -57.8% year-over-year).
- 2016: Revenue of $13K, expenses of $18K, and assets of $231K (revenue +63.3% year-over-year).
- 2015: Revenue of $8K, expenses of $19K, and assets of $231K (revenue -56.2% year-over-year).
- 2014: Revenue of $19K, expenses of $16K, and assets of $242K (revenue +13.2% year-over-year).
- 2013: Revenue of $17K, expenses of $19K, and assets of $239K (revenue +181.6% year-over-year).
- 2012: Revenue of $6K, expenses of $18K, and assets of $241K (revenue -73.4% year-over-year).
- 2011: Revenue of $22K, expenses of $20K, and assets of $254K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Casey 4522 Foundation:
Data Sources and Methodology
This transparency report for Casey 4522 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.