Casque & Gauntlet Trust
Casque & Gauntlet Trust consistently spends more than it earns, drawing down assets.
EIN: 20306381 · Hanover, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $127K |
| Total Expenses | $156K |
| Program Spending | 70% |
| Net Assets | $500K |
| Transparency Score | 55/100 |
Is Casque & Gauntlet Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Casque & Gauntlet Trust directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Casque & Gauntlet Trust
Casque & Gauntlet Trust (EIN: 20306381) is a nonprofit organization based in Hanover, NH. The organization reported total revenue of $127K and total assets of $521K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Casque & Gauntlet Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Casque & Gauntlet Trust is a small nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $127K |
| Total Expenses | $156K |
| Surplus / Deficit | $-29,022 |
| Total Assets | $521K |
| Total Liabilities | $21K |
| Net Assets | $500K |
| Operating Margin | -22.9% |
| Debt-to-Asset Ratio | 4.0% |
| Months of Reserves | 40.2 months |
Financial Health Grade: B
In 2023, Casque & Gauntlet Trust reported a deficit of $29K with expenses exceeding revenue, holds 40.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Casque & Gauntlet Trust's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +236.6% | +225.0% | -1.5% |
| 2022 | -75.2% | -51.8% | -6.9% |
| 2021 | +83.2% | -38.1% | +10.1% |
| 2020 | -22.1% | -16.5% | -13.1% |
| 2019 | +20.6% | +46.4% | -12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Casque & Gauntlet Trust with a Mission Score of 55 out of 100 (Fair). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Casque & Gauntlet Trust allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, suggesting a volunteer-led structure or that compensation falls below reporting thresholds, which is common for smaller nonprofits.
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 Casque & Gauntlet Trust's IRS 990 filings:
- Consistent operating deficits (e.g., $29,022 in 202308, $77,752 in 202008)
- Declining asset base over time (from $760,382 in 201408 to $521,190 in 202308)
- Lack of specific NTEE code makes mission and comparative analysis difficult
- Emergence of liabilities in the latest filing after years of none
Strengths
The following positive indicators were identified for Casque & Gauntlet Trust:
- Consistent IRS 990 filing history (13 filings) demonstrates transparency in reporting
- Maintains a significant asset base ($521,190 in 202308) despite deficits
- No reported officer compensation, potentially indicating a volunteer-driven model
Frequently Asked Questions about Casque & Gauntlet Trust
Is Casque & Gauntlet Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Casque & Gauntlet Trust (EIN: 20306381) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Casque & Gauntlet Trust spend its money?
Casque & Gauntlet Trust directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Casque & Gauntlet Trust tax-deductible?
Casque & Gauntlet Trust is registered as a tax-exempt nonprofit (EIN: 20306381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Casque & Gauntlet Trust's spending goes to programs?
Casque & Gauntlet Trust directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Casque & Gauntlet Trust located?
Casque & Gauntlet Trust is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20306381.
How many years of IRS 990 filings does Casque & Gauntlet Trust have?
Casque & Gauntlet Trust 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. The most recent filing shows $127K in total revenue.
How does Casque & Gauntlet Trust cover its consistent operating deficits?
The organization appears to cover its operating deficits by drawing down its assets, which have decreased from $760,382 in 201408 to $521,190 in 202308.
What is the purpose of Casque & Gauntlet Trust, given the 'Unknown' NTEE code?
Without a specified NTEE code or mission statement in the provided data, the specific programmatic activities and purpose of Casque & Gauntlet Trust remain unclear.
Why did liabilities increase to $21,100 in the 202308 period after years of zero liabilities?
The data does not specify the nature of the $21,100 in liabilities reported in 202308, which is a new development compared to previous periods with $0 liabilities.
Filing History
IRS 990 filing history for Casque & Gauntlet Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Casque & Gauntlet Trust's revenue has grown by 45%, moving from $87K to $127K. Total assets decreased by 35.2% over the same period, from $805K to $521K. Total functional expenses rose by 48.9%, from $105K to $156K. In its most recent filing year (2023), Casque & Gauntlet Trust reported a deficit of $29K, with expenses exceeding revenue. The organization holds $21K in liabilities against $521K in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $500K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $127K | $156K | $521K | $21K | — | View 990 |
| 2022 | $38K | $48K | $529K | $0 | — | View 990 |
| 2021 | $151K | $99K | $568K | $0 | — | View 990 |
| 2020 | $83K | $160K | $516K | $0 | — | — |
| 2019 | $106K | $192K | $594K | $0 | — | View 990 |
| 2018 | $88K | $131K | $680K | $0 | — | View 990 |
| 2017 | $104K | $107K | $723K | $0 | — | View 990 |
| 2016 | $102K | $114K | $726K | $0 | — | View 990 |
| 2015 | $97K | $119K | $739K | $0 | — | View 990 |
| 2014 | $117K | $114K | $760K | $0 | — | View 990 |
| 2013 | $102K | $104K | $758K | $0 | — | View 990 |
| 2012 | $91K | $137K | $759K | $0 | — | View 990 |
| 2011 | $87K | $105K | $805K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $127K, expenses of $156K, and assets of $521K (revenue +236.6% year-over-year).
- 2022: Revenue of $38K, expenses of $48K, and assets of $529K (revenue -75.2% year-over-year).
- 2021: Revenue of $151K, expenses of $99K, and assets of $568K (revenue +83.2% year-over-year).
- 2020: Revenue of $83K, expenses of $160K, and assets of $516K (revenue -22.1% year-over-year).
- 2019: Revenue of $106K, expenses of $192K, and assets of $594K (revenue +20.6% year-over-year).
- 2018: Revenue of $88K, expenses of $131K, and assets of $680K (revenue -15.0% year-over-year).
- 2017: Revenue of $104K, expenses of $107K, and assets of $723K (revenue +1.6% year-over-year).
- 2016: Revenue of $102K, expenses of $114K, and assets of $726K (revenue +5.3% year-over-year).
- 2015: Revenue of $97K, expenses of $119K, and assets of $739K (revenue -17.2% year-over-year).
- 2014: Revenue of $117K, expenses of $114K, and assets of $760K (revenue +14.4% year-over-year).
- 2013: Revenue of $102K, expenses of $104K, and assets of $758K (revenue +12.1% year-over-year).
- 2012: Revenue of $91K, expenses of $137K, and assets of $759K (revenue +4.3% year-over-year).
- 2011: Revenue of $87K, expenses of $105K, and assets of $805K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Casque & Gauntlet Trust:
Data Sources and Methodology
This transparency report for Casque & Gauntlet Trust 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.