Cashmere Fund
Cashmere Fund reports no revenue and minimal expenses for multiple consecutive years, with declining assets.
EIN: 203875717 · Park City, UT · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $280 |
| CEO/Top Officer Pay | $0 |
| Net Assets | $24K |
| Transparency Score | 20/100 |
Is Cashmere Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cashmere Fund
Cashmere Fund (EIN: 203875717) is a nonprofit organization based in Park City, UT, classified under NTEE code D20. The organization reported total revenue of $0 and total assets of $24K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cashmere Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cashmere Fund is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -100.0% | — | -35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Cashmere Fund with a Mission Score of 20 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Cashmere Fund allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led structure or inactive leadership, which is appropriate for an organization with such minimal financial activity.
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 Cashmere Fund's IRS 990 filings:
- Consistent $0 revenue for multiple years (2023, 2022, 2021, 2019, 2018) indicating lack of financial support or activity.
- Declining assets from $37,780 in 2020 to $23,757 in 2023 without clear explanation of how funds were utilized for mission.
- Minimal expenses ($280 in 2023, $175 in 2022) suggest very limited or no program delivery.
- Lack of detailed financial information (due to 990-N filings) prevents a thorough analysis of spending efficiency and program impact.
Strengths
The following positive indicators were identified for Cashmere Fund:
- No reported liabilities ($0 across all filings) indicates financial stability in terms of debt.
- Consistent reporting of $0 officer compensation suggests a volunteer-driven model or inactive leadership, avoiding excessive executive pay.
- Consistent filing of IRS 990-N demonstrates basic compliance with regulatory requirements.
Frequently Asked Questions about Cashmere Fund
Is Cashmere Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Cashmere Fund (EIN: 203875717) significant concerns. Mission Score: 20/100. 4 red flags identified, 3 strengths noted.
How does Cashmere Fund spend its money?
Detailed spending breakdown data is not yet available for Cashmere Fund. Check back for updated IRS 990 analysis.
Are donations to Cashmere Fund tax-deductible?
Cashmere Fund is registered as a tax-exempt nonprofit (EIN: 203875717). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cashmere Fund CEO make?
Cashmere Fund's highest-compensated officer earns $0 annually. Executive compensation data is disclosed in IRS 990 filings.
How does Cashmere Fund compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Cashmere Fund is below average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cashmere Fund located?
Cashmere Fund is headquartered in Park City, Utah and files with the IRS under EIN 203875717. It is classified under NTEE code D20.
How many years of IRS 990 filings does Cashmere Fund have?
Cashmere Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Cashmere Fund actively operating and pursuing its mission?
Based on the IRS 990 data, Cashmere Fund has reported $0 in revenue for most recent years (2023, 2022, 2021, 2019, 2018) and very low expenses ($280 in 2023, $175 in 2022), suggesting minimal to no active operations or program delivery.
What are the specific programs or activities Cashmere Fund undertakes?
The provided IRS 990 data does not offer details on specific programs or activities. Given the minimal expenses, it's unlikely significant programs are being run.
Why have assets declined from $37,780 in 2020 to $23,757 in 2023 without significant reported expenses?
The decline in assets without corresponding significant expenses or revenue is not fully explained by the provided data. It could be due to unreported administrative costs, investment losses, or other financial activities not detailed in the summary.
Filing History
IRS 990 filing history for Cashmere Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cashmere Fund's revenue has declined by 100%, moving from $10K to $0. Total assets increased by 69.9% over the same period, from $14K to $24K. Total functional expenses fell by 98.5%, from $19K to $280.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $280 | $24K | $0 | — | — |
| 2022 | $0 | $175 | $24K | $0 | — | View 990 |
| 2021 | $0 | $14K | $24K | $0 | — | — |
| 2020 | $40 | $0 | $38K | $0 | — | View 990 |
| 2019 | $0 | $0 | $38K | $0 | — | View 990 |
| 2018 | $0 | $0 | $38K | $0 | — | View 990 |
| 2017 | $10K | $2K | $38K | $0 | — | View 990 |
| 2016 | $5K | $7K | $30K | $0 | — | View 990 |
| 2015 | $10K | $3K | $32K | $0 | — | View 990 |
| 2014 | $10K | $3K | $25K | $0 | — | View 990 |
| 2013 | $10K | $4K | $18K | $0 | — | View 990 |
| 2012 | $10K | $11K | $13K | $0 | — | View 990 |
| 2011 | $10K | $19K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $280, and assets of $24K.
- 2022: Revenue of $0, expenses of $175, and assets of $24K.
- 2021: Revenue of $0, expenses of $14K, and assets of $24K (revenue -100.0% year-over-year).
- 2020: Revenue of $40, expenses of $0, and assets of $38K.
- 2019: Revenue of $0, expenses of $0, and assets of $38K.
- 2018: Revenue of $0, expenses of $0, and assets of $38K (revenue -100.0% year-over-year).
- 2017: Revenue of $10K, expenses of $2K, and assets of $38K (revenue +99.3% year-over-year).
- 2016: Revenue of $5K, expenses of $7K, and assets of $30K (revenue -49.9% year-over-year).
- 2015: Revenue of $10K, expenses of $3K, and assets of $32K (revenue +0.1% year-over-year).
- 2014: Revenue of $10K, expenses of $3K, and assets of $25K (revenue +0.1% year-over-year).
- 2013: Revenue of $10K, expenses of $4K, and assets of $18K (revenue -1.0% year-over-year).
- 2012: Revenue of $10K, expenses of $11K, and assets of $13K (revenue -2.2% year-over-year).
- 2011: Revenue of $10K, expenses of $19K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cashmere Fund:
Data Sources and Methodology
This transparency report for Cashmere Fund 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.