Chaney Family Foundation Inc
Chaney Family Foundation consistently spends more than it earns, drawing from a stable asset base.
EIN: 203478218 · Guilford, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $134K |
| Program Spending | 90% |
| Net Assets | $938K |
| Transparency Score | 85/100 |
Is Chaney Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chaney Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chaney Family Foundation Inc
Chaney Family Foundation Inc (EIN: 203478218) is a nonprofit organization based in Guilford, CT, classified under NTEE code T20. The organization reported total revenue of $72K and total assets of $859K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chaney Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chaney Family Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $134K |
| Surplus / Deficit | $-74,620 |
| Total Assets | $938K |
| Total Liabilities | $1 |
| Net Assets | $938K |
| Operating Margin | -125.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 83.9 months |
Financial Health Grade: B
In 2023, Chaney Family Foundation Inc reported a deficit of $75K with expenses exceeding revenue, holds 83.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Chaney Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | -8.4% | -7.4% |
| 2022 | -85.0% | +29.8% | -8.5% |
| 2021 | +0.6% | +4.3% | +26.5% |
| 2020 | +889.8% | +13.3% | +36.6% |
| 2019 | -51.1% | +5.0% | -3.8% |
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 Chaney Family Foundation Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Chaney Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is a strong positive for financial efficiency.
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 Chaney Family Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to asset depletion in some years (e.g., 2023 expenses $134,128 vs. revenue $59,508).
Strengths
The following positive indicators were identified for Chaney Family Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in executive spending.
- Maintains a substantial asset base (e.g., $859,231 currently, peaking at $1,107,107 in 2021), providing financial stability.
- Long history of IRS 990 filings (10 filings provided), demonstrating consistent transparency.
- Minimal liabilities ($1 reported consistently), indicating strong financial management and low debt.
Frequently Asked Questions about Chaney Family Foundation Inc
Is Chaney Family Foundation Inc a legitimate charity?
Chaney Family Foundation Inc (EIN: 203478218) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $72K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Chaney Family Foundation Inc spend its money?
Chaney Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Chaney Family Foundation Inc tax-deductible?
Chaney Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203478218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Chaney Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Chaney Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chaney Family Foundation Inc located?
Chaney Family Foundation Inc is headquartered in Guilford, Connecticut and files with the IRS under EIN 203478218. It is classified under NTEE code T20.
How many years of IRS 990 filings does Chaney Family Foundation Inc have?
Chaney Family Foundation Inc has 10 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 $72K in total revenue.
What specific programs or grants does the Chaney Family Foundation support?
The provided data does not detail the specific programs or grants supported by the foundation. As a private grantmaking foundation (NTEE T20), its primary activity would be distributing funds to other organizations.
Why has revenue fluctuated so significantly in recent years?
Revenue for the Chaney Family Foundation has varied greatly, with peaks in 2020 ($342,604) and 2021 ($344,721) followed by lower revenues in 2022 ($51,785) and 2023 ($59,508). This fluctuation could be due to varying investment returns on its endowment, timing of large donations, or other financial market factors affecting its income.
Is the foundation's spending sustainable given that expenses often exceed revenue?
The foundation's expenses have frequently exceeded its revenue, for example, $134,128 in expenses against $59,508 in revenue in 2023. While this leads to a reduction in assets (from $1,012,533 in 2022 to $937,913 in 2023), it is common for private foundations to spend from their endowment. With assets consistently above $640,000, the foundation appears to have a substantial base to continue its operations, though long-term sustainability depends on investment performance and future contributions.
Filing History
IRS 990 filing history for Chaney Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Chaney Family Foundation Inc's revenue has grown by 24.9%, moving from $48K to $60K. Total assets increased by 17.2% over the same period, from $801K to $938K. Total functional expenses rose by 73.6%, from $77K to $134K. In its most recent filing year (2023), Chaney Family Foundation Inc reported a deficit of $75K, with expenses exceeding revenue. The organization holds $1 in liabilities against $938K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $938K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $134K | $938K | $1 | — | — |
| 2022 | $52K | $146K | $1.0M | $1 | — | — |
| 2021 | $345K | $113K | $1.1M | $1 | — | — |
| 2020 | $343K | $108K | $875K | $1 | — | View 990 |
| 2019 | $35K | $95K | $641K | $1 | — | View 990 |
| 2015 | $71K | $91K | $666K | $1 | — | View 990 |
| 2014 | $38K | $88K | $686K | $1 | — | View 990 |
| 2013 | $76K | $79K | $736K | $1 | — | View 990 |
| 2012 | $30K | $92K | $738K | $1 | — | View 990 |
| 2011 | $48K | $77K | $801K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $134K, and assets of $938K (revenue +14.9% year-over-year).
- 2022: Revenue of $52K, expenses of $146K, and assets of $1.0M (revenue -85.0% year-over-year).
- 2021: Revenue of $345K, expenses of $113K, and assets of $1.1M (revenue +0.6% year-over-year).
- 2020: Revenue of $343K, expenses of $108K, and assets of $875K (revenue +889.8% year-over-year).
- 2019: Revenue of $35K, expenses of $95K, and assets of $641K (revenue -51.1% year-over-year).
- 2015: Revenue of $71K, expenses of $91K, and assets of $666K (revenue +86.2% year-over-year).
- 2014: Revenue of $38K, expenses of $88K, and assets of $686K (revenue -50.3% year-over-year).
- 2013: Revenue of $76K, expenses of $79K, and assets of $736K (revenue +158.5% year-over-year).
- 2012: Revenue of $30K, expenses of $92K, and assets of $738K (revenue -37.9% year-over-year).
- 2011: Revenue of $48K, expenses of $77K, and assets of $801K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chaney Family Foundation Inc:
Data Sources and Methodology
This transparency report for Chaney Family 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.