Civitella Ranieri Foundation Inc
Civitella Ranieri Foundation maintains substantial assets despite frequent operational deficits, boosted by recent significant revenue.
EIN: 10718949 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.3M |
| Total Expenses | $1.9M |
| Program Spending | 75% |
| Net Assets | $21.5M |
| Transparency Score | 70/100 |
Is Civitella Ranieri Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Civitella Ranieri Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Civitella Ranieri Foundation Inc
Civitella Ranieri Foundation Inc (EIN: 10718949) is a nonprofit organization based in New York, NY. The organization reported total revenue of $23.3M and total assets of $24.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Civitella Ranieri Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Civitella Ranieri Foundation Inc is a large nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$523K |
| Total Assets | $23.6M |
| Total Liabilities | $2.0M |
| Net Assets | $21.5M |
| Operating Margin | 21.6% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 148.6 months |
Financial Health Grade: A
In 2023, Civitella Ranieri Foundation Inc reported a surplus of $523K with revenue exceeding expenses, holds 148.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Civitella Ranieri Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +68.9% | +2.4% | +10.9% |
| 2022 | +60.5% | +5.7% | -17.3% |
| 2021 | +6.7% | +14.7% | +1.4% |
| 2020 | -9.5% | -18.2% | +2.8% |
| 2019 | -22.0% | +26.2% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Civitella Ranieri Foundation Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Civitella Ranieri Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $523K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership structure or that executive compensation is categorized differently, which limits transparency regarding leadership remuneration relative to the organization's size and asset base.
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 Civitella Ranieri Foundation Inc's IRS 990 filings:
- Frequent operational deficits (e.g., 202212, 202112, 202012, 201912, 201512) where expenses exceed revenue, indicating reliance on asset drawdowns or investment income.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering a precise assessment of spending efficiency.
- Consistent 0% officer compensation reported, which could obscure actual executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Civitella Ranieri Foundation Inc:
- Substantial and stable asset base, consistently above $21 million, providing long-term financial security.
- Significant recent revenue influx ($23,270,845) indicating strong donor support or successful investment performance.
- Low liabilities in most periods (e.g., $1 in 201512, $0 in 201412), suggesting good financial management of debt.
Frequently Asked Questions about Civitella Ranieri Foundation Inc
Is Civitella Ranieri Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Civitella Ranieri Foundation Inc (EIN: 10718949) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Civitella Ranieri Foundation Inc spend its money?
Civitella Ranieri Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Civitella Ranieri Foundation Inc tax-deductible?
Civitella Ranieri Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10718949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Civitella Ranieri Foundation Inc's spending goes to programs?
Civitella Ranieri Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Civitella Ranieri Foundation Inc located?
Civitella Ranieri Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 10718949.
How many years of IRS 990 filings does Civitella Ranieri Foundation Inc have?
Civitella Ranieri 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 $23.3M in total revenue.
How does Civitella Ranieri Foundation cover its operational deficits in years where expenses exceed revenue?
The foundation likely covers operational deficits by drawing from its substantial asset base, which has consistently been above $21 million, or from investment returns generated by these assets.
What caused the significant increase in 'Latest Revenue' to $23,270,845 compared to previous annual revenues?
The significant increase in 'Latest Revenue' likely stems from a major donation, grant, or substantial investment gains, as it far exceeds the typical annual operating revenues observed in prior filings.
Is the Civitella Ranieri Foundation financially sustainable given its history of operational deficits?
Yes, the foundation appears financially sustainable due to its large and stable asset base (e.g., $24,227,042 in assets), which can absorb operational deficits and generate income to support its mission.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation suggests either a volunteer board and executive team or that compensation is reported under other expense categories, requiring further investigation for full transparency.
Filing History
IRS 990 filing history for Civitella Ranieri Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Civitella Ranieri Foundation Inc's revenue has grown by 66.1%, moving from $1.5M to $2.4M. Total assets decreased by 5.8% over the same period, from $25.0M to $23.6M. Total functional expenses rose by 26.7%, from $1.5M to $1.9M. In its most recent filing year (2023), Civitella Ranieri Foundation Inc reported a surplus of $523K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $23.6M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $21.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $1.9M | $23.6M | $2.0M | — | — |
| 2022 | $1.4M | $1.9M | $21.2M | $1.3M | — | View 990 |
| 2021 | $895K | $1.8M | $25.7M | $169K | — | View 990 |
| 2020 | $839K | $1.5M | $25.3M | $145K | — | View 990 |
| 2019 | $927K | $1.9M | $24.6M | $89K | — | View 990 |
| 2015 | $1.2M | $1.5M | $24.0M | $1 | — | View 990 |
| 2014 | $3.1M | $1.7M | $27.3M | $0 | — | View 990 |
| 2013 | $2.9M | $1.6M | $29.5M | $20K | — | View 990 |
| 2012 | $1.6M | $1.5M | $26.5M | $17K | — | View 990 |
| 2011 | $1.5M | $1.5M | $25.0M | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $1.9M, and assets of $23.6M (revenue +68.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.9M, and assets of $21.2M (revenue +60.5% year-over-year).
- 2021: Revenue of $895K, expenses of $1.8M, and assets of $25.7M (revenue +6.7% year-over-year).
- 2020: Revenue of $839K, expenses of $1.5M, and assets of $25.3M (revenue -9.5% year-over-year).
- 2019: Revenue of $927K, expenses of $1.9M, and assets of $24.6M (revenue -22.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.5M, and assets of $24.0M (revenue -61.6% year-over-year).
- 2014: Revenue of $3.1M, expenses of $1.7M, and assets of $27.3M (revenue +5.0% year-over-year).
- 2013: Revenue of $2.9M, expenses of $1.6M, and assets of $29.5M (revenue +86.8% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $26.5M (revenue +8.0% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $25.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Civitella Ranieri Foundation Inc:
Data Sources and Methodology
This transparency report for Civitella Ranieri 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.