Chauncey Foundation
Chauncey Foundation faces sustained asset decline due to consistent operating deficits.
EIN: 203995660 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $41K |
| Program Spending | 70% |
| Net Assets | $896K |
| Transparency Score | 55/100 |
Is Chauncey Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chauncey Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Chauncey Foundation
Chauncey Foundation (EIN: 203995660) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $43K and total assets of $901K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chauncey Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chauncey Foundation is a micro nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $41K |
| Surplus / Deficit | $-1,367 |
| Total Assets | $896K |
| Total Liabilities | $1 |
| Net Assets | $896K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 264.0 months |
Financial Health Grade: B
In 2024, Chauncey Foundation reported a deficit of $1K with expenses exceeding revenue, holds 264.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Chauncey Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +36.7% | -35.6% | -0.2% |
| 2023 | +1207.2% | +188.9% | -3.7% |
| 2022 | -75.8% | -60.6% | -2.1% |
| 2021 | -95.6% | -30.4% | -4.7% |
| 2020 | +2856.7% | +24.9% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Chauncey Foundation 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, Chauncey Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Chauncey Foundation consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for donor perception and resource allocation directly to the mission.
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 Chauncey Foundation's IRS 990 filings:
- Consistent operating deficits where expenses exceed revenue (e.g., 202306: Expenses $63,205, Revenue $28,772).
- Steady decline in total assets over the past decade (from $1,155,648 in 2012 to $895,573 in 2024).
- Highly volatile and generally low annual revenue, making financial planning difficult (e.g., $2,201 in 202206 vs. $206,350 in 202006).
Strengths
The following positive indicators were identified for Chauncey Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for mission-related activities.
- Extremely low liabilities ($1 across all periods), suggesting no significant debt burden.
Frequently Asked Questions about Chauncey Foundation
Is Chauncey Foundation a legitimate charity?
Chauncey Foundation (EIN: 203995660) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 55/100. It has 11 years of IRS 990 filings on record. Total revenue: $43K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Chauncey Foundation spend its money?
Chauncey Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Chauncey Foundation tax-deductible?
Chauncey Foundation is registered as a tax-exempt nonprofit (EIN: 203995660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chauncey Foundation's spending goes to programs?
Chauncey Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Chauncey Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Chauncey Foundation is near average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chauncey Foundation located?
Chauncey Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 203995660. It is classified under NTEE code T22.
How many years of IRS 990 filings does Chauncey Foundation have?
Chauncey Foundation has 11 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 $43K in total revenue.
Is the Chauncey Foundation financially sustainable?
The Chauncey Foundation's financial sustainability is questionable given its consistent operating deficits, where expenses frequently exceed revenue, leading to a steady decline in assets from over $1.1 million in 2012 to under $900,000 in 2024.
What is the primary cause of the asset decline?
The primary cause of the asset decline is the organization's recurring operational losses, as evidenced by expenses consistently being higher than revenue in most reported periods (e.g., $63,205 expenses vs. $28,772 revenue in 202306).
How does the Chauncey Foundation fund its operations?
Based on the filings, the Chauncey Foundation appears to fund its operations by drawing down on its existing asset base, as its revenue has not consistently covered its expenses over the past decade.
Filing History
IRS 990 filing history for Chauncey Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Chauncey Foundation's revenue has grown by 7.3%, moving from $37K to $39K. Total assets decreased by 25.6% over the same period, from $1.2M to $896K. Total functional expenses fell by 32.3%, from $60K to $41K. In its most recent filing year (2024), Chauncey Foundation reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1 in liabilities against $896K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $896K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $39K | $41K | $896K | $1 | — | — |
| 2023 | $29K | $63K | $897K | $1 | — | View 990 |
| 2022 | $2K | $22K | $931K | $1 | — | View 990 |
| 2021 | $9K | $56K | $951K | $1 | — | — |
| 2020 | $206K | $80K | $997K | $1 | — | View 990 |
| 2016 | $7K | $64K | $934K | $1 | — | View 990 |
| 2015 | $7K | $57K | $990K | $1 | — | View 990 |
| 2014 | $7K | $80K | $1.0M | $1 | — | View 990 |
| 2013 | $13K | $56K | $1.1M | $1 | — | View 990 |
| 2012 | $21K | $69K | $1.2M | $1 | — | View 990 |
| 2011 | $37K | $60K | $1.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $39K, expenses of $41K, and assets of $896K (revenue +36.7% year-over-year).
- 2023: Revenue of $29K, expenses of $63K, and assets of $897K (revenue +1207.2% year-over-year).
- 2022: Revenue of $2K, expenses of $22K, and assets of $931K (revenue -75.8% year-over-year).
- 2021: Revenue of $9K, expenses of $56K, and assets of $951K (revenue -95.6% year-over-year).
- 2020: Revenue of $206K, expenses of $80K, and assets of $997K (revenue +2856.7% year-over-year).
- 2016: Revenue of $7K, expenses of $64K, and assets of $934K (revenue -0.4% year-over-year).
- 2015: Revenue of $7K, expenses of $57K, and assets of $990K (revenue -4.8% year-over-year).
- 2014: Revenue of $7K, expenses of $80K, and assets of $1.0M (revenue -42.7% year-over-year).
- 2013: Revenue of $13K, expenses of $56K, and assets of $1.1M (revenue -40.0% year-over-year).
- 2012: Revenue of $21K, expenses of $69K, and assets of $1.2M (revenue -41.5% year-over-year).
- 2011: Revenue of $37K, expenses of $60K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chauncey Foundation:
Data Sources and Methodology
This transparency report for Chauncey 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.