Charles R Norton Family Foundation
Charles R Norton Family Foundation consistently reports $1 revenue and $0 expenses across multiple years.
EIN: 204598001 · Las Vegas, NV · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Net Assets | $0 |
| Transparency Score | 10/100 |
Is Charles R Norton Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charles R Norton Family Foundation
Charles R Norton Family Foundation (EIN: 204598001) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code T20. The organization reported total revenue of $1 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles R Norton Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles R Norton Family Foundation is a micro nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $0 |
| Surplus / Deficit | +$1 |
| Total Assets | $2K |
| Total Liabilities | $2K |
| Net Assets | $0 |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 100.0% |
Financial Health Grade: B
In 2019, Charles R Norton Family Foundation reported a surplus of $1 with revenue exceeding expenses, has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 6 years of filings (2011–2019), Charles R Norton Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +0.0% | — | +0.0% |
| 2015 | +0.0% | — | +0.0% |
| 2014 | +0.0% | — | +0.0% |
| 2013 | +0.0% | — | +0.0% |
| 2012 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 R Norton Family Foundation with a Mission Score of 10 out of 100 (Very 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Charles R Norton Family Foundation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating no salaries or other compensation paid to officers, which is appropriate given the organization's 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 Charles R Norton Family Foundation's IRS 990 filings:
- Consistent $0 reported expenses across all filings, indicating no charitable spending.
- Consistent $1 reported revenue, suggesting minimal or no operational funding.
- Lack of discernible program activities or impact based on financial data.
Strengths
The following positive indicators were identified for Charles R Norton Family Foundation:
- Consistent filing of IRS 990 forms, demonstrating compliance with reporting requirements.
- 0% executive compensation, indicating no personal financial benefit to officers from the reported minimal funds.
Frequently Asked Questions about Charles R Norton Family Foundation
Is Charles R Norton Family Foundation a legitimate charity?
Charles R Norton Family Foundation (EIN: 204598001) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 10/100. It has 6 years of IRS 990 filings on record. Total revenue: $1. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Charles R Norton Family Foundation spend its money?
Charles R Norton Family Foundation reported $1 in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charles R Norton Family Foundation tax-deductible?
Charles R Norton Family Foundation is registered as a tax-exempt nonprofit (EIN: 204598001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Charles R Norton Family Foundation compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Charles R Norton Family Foundation is below 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 R Norton Family Foundation located?
Charles R Norton Family Foundation is headquartered in Las Vegas, Nevada and files with the IRS under EIN 204598001. It is classified under NTEE code T20.
How many years of IRS 990 filings does Charles R Norton Family Foundation have?
Charles R Norton Family Foundation has 6 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 $1 in total revenue.
What are the actual charitable activities or grants made by the Charles R Norton Family Foundation, given $0 in reported expenses?
The IRS 990 filings consistently show $0 in expenses, making it unclear what, if any, charitable activities or grants the foundation is undertaking.
Why does the foundation consistently report only $1 in revenue?
The consistent reporting of $1 in revenue across multiple years suggests either a nominal placeholder or an extremely limited funding source, which is unusual for an active foundation.
Is the Charles R Norton Family Foundation an active operating charity?
Based on the financial data showing $0 in expenses and minimal revenue, it is highly questionable whether the foundation is actively operating or making any significant charitable impact.
Filing History
IRS 990 filing history for Charles R Norton Family Foundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Charles R Norton Family Foundation's revenue has grown by 0%, moving from $1 to $1. Total assets increased by 0% over the same period, from $2K to $2K. The organization holds $2K in liabilities against $2K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $1 | $0 | $2K | $2K | — | View 990 |
| 2015 | $1 | $0 | $2K | $2K | — | View 990 |
| 2014 | $1 | $0 | $2K | $2K | — | View 990 |
| 2013 | $1 | $0 | $2K | $2K | — | View 990 |
| 2012 | $1 | $0 | $2K | $2K | — | View 990 |
| 2011 | $1 | $0 | $2K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles R Norton Family Foundation:
Data Sources and Methodology
This transparency report for Charles R Norton Family 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.