Cave Canem Foundation Inc
Cave Canem Foundation shows significant revenue growth and no reported officer compensation, with a slight deficit in 2023.
EIN: 133932909 · New York, NY · NTEE: B99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| Net Assets | $1.1M |
| Transparency Score | 90/100 |
Is Cave Canem Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cave Canem Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cave Canem Foundation Inc
Cave Canem Foundation Inc (EIN: 133932909) is a nonprofit organization based in New York, NY, classified under NTEE code B99Z. The organization reported total revenue of $5.1M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cave Canem Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cave Canem Foundation Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-105,703 |
| Total Assets | $1.2M |
| Total Liabilities | $107K |
| Net Assets | $1.1M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 8.0 months |
Financial Health Grade: B
In 2023, Cave Canem Foundation Inc reported a deficit of $106K with expenses exceeding revenue, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cave Canem Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.6% | +51.6% | -7.7% |
| 2022 | +153.4% | +56.7% | +101.0% |
| 2021 | -5.6% | +34.2% | -5.8% |
| 2020 | +100.5% | +13.8% | +44.0% |
| 2019 | -17.8% | +29.9% | -22.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Cave Canem Foundation Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Cave Canem Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly commendable for an organization of its growing 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 Cave Canem Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,850,542 vs. $1,744,839), resulting in a deficit for that period.
Strengths
The following positive indicators were identified for Cave Canem Foundation Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship.
- Significant growth in revenue and assets in recent years, demonstrating increasing capacity and impact.
- Low liabilities relative to assets, suggesting good financial management and solvency.
- Consistent filing of IRS 990 forms over many years, indicating a commitment to transparency.
Frequently Asked Questions about Cave Canem Foundation Inc
Is Cave Canem Foundation Inc a legitimate charity?
Cave Canem Foundation Inc (EIN: 133932909) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.1M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Cave Canem Foundation Inc spend its money?
Cave Canem Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cave Canem Foundation Inc tax-deductible?
Cave Canem Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133932909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cave Canem Foundation Inc's spending goes to programs?
Cave Canem Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cave Canem Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Cave Canem Foundation Inc is above average for NTEE category B99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cave Canem Foundation Inc located?
Cave Canem Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133932909. It is classified under NTEE code B99Z.
How many years of IRS 990 filings does Cave Canem Foundation Inc have?
Cave Canem Foundation Inc 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 $5.1M in total revenue.
Is Cave Canem Foundation Inc financially stable?
Yes, the organization appears financially stable. Assets have grown significantly from $666,716 in 2021 to $1,236,470 in 2023, and liabilities are relatively low. While there was a deficit in 2023, this followed a surplus in 2022 and overall positive trends.
How does Cave Canem Foundation Inc manage executive compensation?
Cave Canem Foundation Inc reports 0% officer compensation across all available filings, indicating that no officers received salaries or other compensation from the organization, which is a strong positive for donor confidence.
Has the organization's revenue been growing?
Yes, the organization has experienced significant revenue growth, particularly from $721,713 in 2021 to $1,828,809 in 2022, and maintaining a high level at $1,744,839 in 2023.
Filing History
IRS 990 filing history for Cave Canem Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cave Canem Foundation Inc's revenue has grown by 471.3%, moving from $305K to $1.7M. Total assets increased by 1792.4% over the same period, from $65K to $1.2M. Total functional expenses rose by 412.8%, from $361K to $1.9M. In its most recent filing year (2023), Cave Canem Foundation Inc reported a deficit of $106K, with expenses exceeding revenue. The organization holds $107K in liabilities against $1.2M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.9M | $1.2M | $107K | — | — |
| 2022 | $1.8M | $1.2M | $1.3M | $112K | — | — |
| 2021 | $722K | $779K | $667K | $51K | — | View 990 |
| 2020 | $764K | $580K | $708K | $36K | — | — |
| 2019 | $381K | $510K | $492K | $3K | — | View 990 |
| 2018 | $464K | $393K | $631K | $5K | — | View 990 |
| 2017 | $654K | $331K | $558K | $3K | — | View 990 |
| 2016 | $428K | $401K | $248K | $15K | — | View 990 |
| 2015 | $338K | $367K | $245K | $40K | — | View 990 |
| 2014 | $333K | $385K | $239K | $5K | — | View 990 |
| 2013 | $381K | $360K | $327K | $41K | — | View 990 |
| 2012 | $378K | $389K | $297K | $32K | — | View 990 |
| 2011 | $305K | $361K | $65K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.9M, and assets of $1.2M (revenue -4.6% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.2M, and assets of $1.3M (revenue +153.4% year-over-year).
- 2021: Revenue of $722K, expenses of $779K, and assets of $667K (revenue -5.6% year-over-year).
- 2020: Revenue of $764K, expenses of $580K, and assets of $708K (revenue +100.5% year-over-year).
- 2019: Revenue of $381K, expenses of $510K, and assets of $492K (revenue -17.8% year-over-year).
- 2018: Revenue of $464K, expenses of $393K, and assets of $631K (revenue -29.1% year-over-year).
- 2017: Revenue of $654K, expenses of $331K, and assets of $558K (revenue +52.7% year-over-year).
- 2016: Revenue of $428K, expenses of $401K, and assets of $248K (revenue +26.7% year-over-year).
- 2015: Revenue of $338K, expenses of $367K, and assets of $245K (revenue +1.6% year-over-year).
- 2014: Revenue of $333K, expenses of $385K, and assets of $239K (revenue -12.6% year-over-year).
- 2013: Revenue of $381K, expenses of $360K, and assets of $327K (revenue +0.8% year-over-year).
- 2012: Revenue of $378K, expenses of $389K, and assets of $297K (revenue +23.7% year-over-year).
- 2011: Revenue of $305K, expenses of $361K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cave Canem Foundation Inc:
Data Sources and Methodology
This transparency report for Cave Canem 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.