Charles Morgan Carraway And Joanne M Carraway Charitable Foundation
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation's assets have declined by over 60% in 12 years as expenses consistently outpace revenue.
EIN: 201942780 · Baton Rouge, LA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $195K |
| Total Expenses | $168K |
| Program Spending | 90% |
| Net Assets | $642K |
| Transparency Score | 75/100 |
Is Charles Morgan Carraway And Joanne M Carraway Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles Morgan Carraway And Joanne M Carraway Charitable Foundation
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation (EIN: 201942780) is a nonprofit organization based in Baton Rouge, LA, classified under NTEE code T20. The organization reported total revenue of $195K and total assets of $577K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles Morgan Carraway And Joanne M Carraway Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $168K |
| Surplus / Deficit | $-117,303 |
| Total Assets | $693K |
| Total Liabilities | $51K |
| Net Assets | $642K |
| Operating Margin | -229.5% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 49.4 months |
Financial Health Grade: B
In 2024, Charles Morgan Carraway And Joanne M Carraway Charitable Foundation reported a deficit of $117K with expenses exceeding revenue, holds 49.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Charles Morgan Carraway And Joanne M Carraway Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +41.5% | +5.8% | -12.7% |
| 2023 | -67.2% | -2.3% | -10.1% |
| 2022 | +99.3% | +7.4% | -5.7% |
| 2021 | -13.7% | -22.9% | -9.4% |
| 2020 | -51.6% | -25.1% | -30.7% |
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 Charles Morgan Carraway And Joanne M Carraway Charitable Foundation with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Charles Morgan Carraway And Joanne M Carraway Charitable Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $117K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
Executive compensation has been reported as 0% across all available filings, indicating that no salaries are paid to officers, 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 Charles Morgan Carraway And Joanne M Carraway Charitable Foundation's IRS 990 filings:
- Consistent deficit spending, with expenses significantly exceeding revenue in all reported periods (e.g., 2024 revenue $51,102 vs. expenses $168,405).
- Significant and continuous decline in total assets over time, from $1,865,833 in 2012 to $692,729 in 2024, indicating depletion of the endowment.
Strengths
The following positive indicators were identified for Charles Morgan Carraway And Joanne M Carraway Charitable Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Long history of public filings (9 filings), demonstrating transparency.
- Consistent charitable expenditures, fulfilling its purpose as a private foundation by distributing funds.
Frequently Asked Questions about Charles Morgan Carraway And Joanne M Carraway Charitable Foundation
Is Charles Morgan Carraway And Joanne M Carraway Charitable Foundation a legitimate charity?
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation (EIN: 201942780) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $195K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Charles Morgan Carraway And Joanne M Carraway Charitable Foundation spend its money?
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Charles Morgan Carraway And Joanne M Carraway Charitable Foundation tax-deductible?
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 201942780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Charles Morgan Carraway And Joanne M Carraway Charitable Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Charles Morgan Carraway And Joanne M Carraway Charitable Foundation 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 Charles Morgan Carraway And Joanne M Carraway Charitable Foundation located?
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation is headquartered in Baton Rouge, Louisiana and files with the IRS under EIN 201942780. It is classified under NTEE code T20.
How many years of IRS 990 filings does Charles Morgan Carraway And Joanne M Carraway Charitable Foundation have?
Charles Morgan Carraway And Joanne M Carraway Charitable Foundation has 9 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 $195K in total revenue.
What specific programs or grants does the foundation support?
The provided data does not detail specific programs or grant recipients, only overall expenses. Further investigation into the full 990 forms would be needed to identify the nature of their charitable distributions.
What is the foundation's strategy for managing its declining asset base?
The consistent decline in assets from $1,865,833 in 2012 to $692,729 in 2024 suggests a strategy of distributing principal. The filings do not provide explicit details on their long-term asset management or spending policies.
Does the foundation have any plans to increase revenue or contributions?
Based on the consistent pattern of low revenue relative to expenses, and the nature of a private foundation, there is no indication from the provided data that the foundation actively seeks to increase public contributions. Its revenue primarily consists of investment income.
Filing History
IRS 990 filing history for Charles Morgan Carraway And Joanne M Carraway Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Charles Morgan Carraway And Joanne M Carraway Charitable Foundation's revenue has grown by 12.3%, moving from $46K to $51K. Total assets decreased by 62.9% over the same period, from $1.9M to $693K. Total functional expenses fell by 38.8%, from $275K to $168K. In its most recent filing year (2024), Charles Morgan Carraway And Joanne M Carraway Charitable Foundation reported a deficit of $117K, with expenses exceeding revenue. The organization holds $51K in liabilities against $693K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $642K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $51K | $168K | $693K | $51K | — | — |
| 2023 | $36K | $159K | $793K | $34K | — | — |
| 2022 | $110K | $163K | $882K | $1 | — | View 990 |
| 2021 | $55K | $152K | $935K | $1 | — | View 990 |
| 2020 | $64K | $197K | $1.0M | $0 | — | View 990 |
| 2015 | $132K | $263K | $1.5M | $0 | — | View 990 |
| 2014 | $144K | $240K | $1.6M | $0 | — | View 990 |
| 2013 | $75K | $226K | $1.7M | $0 | — | View 990 |
| 2012 | $46K | $275K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $51K, expenses of $168K, and assets of $693K (revenue +41.5% year-over-year).
- 2023: Revenue of $36K, expenses of $159K, and assets of $793K (revenue -67.2% year-over-year).
- 2022: Revenue of $110K, expenses of $163K, and assets of $882K (revenue +99.3% year-over-year).
- 2021: Revenue of $55K, expenses of $152K, and assets of $935K (revenue -13.7% year-over-year).
- 2020: Revenue of $64K, expenses of $197K, and assets of $1.0M (revenue -51.6% year-over-year).
- 2015: Revenue of $132K, expenses of $263K, and assets of $1.5M (revenue -8.5% year-over-year).
- 2014: Revenue of $144K, expenses of $240K, and assets of $1.6M (revenue +92.4% year-over-year).
- 2013: Revenue of $75K, expenses of $226K, and assets of $1.7M (revenue +64.7% year-over-year).
- 2012: Revenue of $46K, expenses of $275K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles Morgan Carraway And Joanne M Carraway Charitable Foundation:
Data Sources and Methodology
This transparency report for Charles Morgan Carraway And Joanne M Carraway Charitable 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.