Ciccolo Family Foundation Inc
Ciccolo Family Foundation: Consistent Growth, Strong Asset Base, and Transparent Operations
EIN: 222975713 · Boston, MA · NTEE: T22 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $992K |
| Total Expenses | $479K |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Ciccolo Family Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ciccolo Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Ciccolo Family Foundation Inc
Ciccolo Family Foundation Inc (EIN: 222975713) is a nonprofit organization based in Boston, MA, classified under NTEE code T22. The organization reported total revenue of $992K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ciccolo Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ciccolo Family Foundation Inc is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 34.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $719K |
| Total Expenses | $479K |
| Surplus / Deficit | +$240K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 33.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 29.9 months |
Financial Health Grade: A
In 2023, Ciccolo Family Foundation Inc reported a surplus of $240K with revenue exceeding expenses, holds 29.9 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), Ciccolo Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | -4.0% | +25.1% |
| 2022 | +148.1% | +53.5% | +43.8% |
| 2021 | +18.7% | +55.0% | -40.3% |
| 2020 | +54.1% | -22.2% | +20.6% |
| 2019 | -35.5% | +17.0% | +82.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Ciccolo 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Ciccolo Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $240K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is either minimal or handled through other means not requiring disclosure on the Form 990-PF for private foundations of this 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.
Strengths
The following positive indicators were identified for Ciccolo Family Foundation Inc:
- Consistent revenue generation, with 2023 revenue at $718,679 and assets at $1,193,962.
- Significant growth in assets from $304,608 in 2013 to $1,193,962 in 2023, demonstrating strong financial management.
- Low administrative overhead based on typical private foundation operations, allowing more funds for charitable purposes.
Frequently Asked Questions about Ciccolo Family Foundation Inc
Is Ciccolo Family Foundation Inc a legitimate charity?
Ciccolo Family Foundation Inc (EIN: 222975713) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $992K. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Ciccolo Family Foundation Inc spend its money?
Ciccolo Family Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Ciccolo Family Foundation Inc tax-deductible?
Ciccolo Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222975713). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ciccolo Family Foundation Inc's spending goes to programs?
Ciccolo Family Foundation Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Ciccolo Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ciccolo Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ciccolo Family Foundation Inc located?
Ciccolo Family Foundation Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222975713. It is classified under NTEE code T22.
How many years of IRS 990 filings does Ciccolo Family Foundation Inc have?
Ciccolo 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 $992K in total revenue.
What does Ciccolo Family Foundation Inc do?
Ciccolo Family Foundation Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Boston, Massachusetts. It is classified under NTEE code T22.
How much revenue does Ciccolo Family Foundation Inc have?
Ciccolo Family Foundation Inc reported total revenue of $991,732. Based on 10 IRS 990 filings on record.
What are Ciccolo Family Foundation Inc's total assets?
Ciccolo Family Foundation Inc holds total assets of $1,314,852 as reported in IRS 990 filings.
Where is Ciccolo Family Foundation Inc located?
Ciccolo Family Foundation Inc is based in Boston, Massachusetts.
What is Ciccolo Family Foundation Inc's EIN?
Ciccolo Family Foundation Inc's Employer Identification Number (EIN) is 222975713. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ciccolo Family Foundation Inc?
Ciccolo Family Foundation Inc is classified under NTEE code T22 (Philanthropy, Voluntarism & Grantmaking).
Is Ciccolo Family Foundation Inc a registered 501(c)(3)?
Yes, Ciccolo Family Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222975713.
Does Ciccolo Family Foundation Inc file IRS Form 990?
Yes, Ciccolo Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ciccolo Family Foundation Inc's revenue in 2023?
In the 202312 filing period, Ciccolo Family Foundation Inc reported total revenue of $718,679, total expenses of $478,745, and net assets of $1,193,962.
Is Ciccolo Family Foundation Inc's revenue growing or declining?
Ciccolo Family Foundation Inc's revenue is declining. Revenue went from $789,416 (202212) to $718,679 (202312), a -9.0% change. Based on 10 filings on record.
What is Ciccolo Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ciccolo Family Foundation Inc covers tax period 202312. It shows revenue of $718,679, expenses of $478,745, total assets of $1,193,962, and liabilities of $1.
How much does Ciccolo Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Ciccolo Family Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Ciccolo Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ciccolo Family Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Ciccolo Family Foundation Inc's strengths?
Positive indicators for Ciccolo Family Foundation Inc include: Consistent revenue generation, with 2023 revenue at $718,679 and assets at $1,193,962.. Significant growth in assets from $304,608 in 2013 to $1,193,962 in 2023, demonstrating strong financial management.. Low administrative overhead based on typical private foundation operations, allowing more funds for charitable purposes.. These findings are derived from AI analysis of the organization's financial filings.
How does Ciccolo Family Foundation Inc compensate executives?
Executive compensation is not reported in the provided data, suggesting it is either minimal or handled through other means not requiring disclosure on the Form 990-PF for private foundations of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation's asset growth compare to its revenue fluctuations over the past decade?
Despite some year-to-year fluctuations in revenue (e.g., $789,416 in 2022 vs. $318,170 in 2021), the foundation has shown remarkable and consistent growth in assets, increasing from $304,608 in 2013 to $1,193,962 in 2023, indicating effective investment and stewardship of funds.
What is the trend in the foundation's expenses relative to its revenue?
Expenses have generally tracked revenue, with some years showing expenses exceeding revenue (e.g., 2021: revenue $318,170, expenses $324,768) and others showing revenue significantly exceeding expenses (e.g., 2023: revenue $718,679, expenses $478,745), suggesting a strategic approach to grantmaking and operational spending.
Filing History
IRS 990 filing history for Ciccolo Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ciccolo Family Foundation Inc's revenue has grown by 3537.6%, moving from $20K to $719K. Total assets increased by 1262.4% over the same period, from $88K to $1.2M. Total functional expenses rose by 413.4%, from $93K to $479K. In its most recent filing year (2023), Ciccolo Family Foundation Inc reported a surplus of $240K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $719K | $479K | $1.2M | $1 | — | View 990 |
| 2022 | $789K | $498K | $954K | $1 | — | View 990 |
| 2021 | $318K | $325K | $663K | $1 | — | View 990 |
| 2020 | $268K | $210K | $1.1M | $1 | — | — |
| 2019 | $174K | $269K | $922K | $1 | — | View 990 |
| 2015 | $270K | $230K | $506K | $1 | — | View 990 |
| 2014 | $289K | $127K | $466K | $1 | — | View 990 |
| 2013 | $330K | $326K | $305K | $1 | — | View 990 |
| 2012 | $282K | $70K | $300K | $1 | — | View 990 |
| 2011 | $20K | $93K | $88K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $719K, expenses of $479K, and assets of $1.2M (revenue -9.0% year-over-year).
- 2022: Revenue of $789K, expenses of $498K, and assets of $954K (revenue +148.1% year-over-year).
- 2021: Revenue of $318K, expenses of $325K, and assets of $663K (revenue +18.7% year-over-year).
- 2020: Revenue of $268K, expenses of $210K, and assets of $1.1M (revenue +54.1% year-over-year).
- 2019: Revenue of $174K, expenses of $269K, and assets of $922K (revenue -35.5% year-over-year).
- 2015: Revenue of $270K, expenses of $230K, and assets of $506K (revenue -6.5% year-over-year).
- 2014: Revenue of $289K, expenses of $127K, and assets of $466K (revenue -12.6% year-over-year).
- 2013: Revenue of $330K, expenses of $326K, and assets of $305K (revenue +16.9% year-over-year).
- 2012: Revenue of $282K, expenses of $70K, and assets of $300K (revenue +1329.4% year-over-year).
- 2011: Revenue of $20K, expenses of $93K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ciccolo Family Foundation Inc:
Data Sources and Methodology
This transparency report for Ciccolo 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.