Couri Foundation Inc
Couri Foundation Inc. experiences significant asset decline over a decade, with recent minimal revenue and expenses.
EIN: 10441043 · Ridgefield, CT · Updated: 2026-03-27
Is Couri Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Couri Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Couri Foundation Inc
Couri Foundation Inc (EIN: 10441043) is a nonprofit organization based in Ridgefield, CT. The organization reported total revenue of $20K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Couri Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Couri Foundation Inc is a micro nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -59.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4 |
| Total Expenses | $4K |
| Surplus / Deficit | $-4,044 |
| Total Assets | $9K |
| Total Liabilities | $1 |
| Net Assets | $9K |
| Operating Margin | -101100.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 26.7 months |
Financial Health Grade: B
In 2023, Couri Foundation Inc reported a deficit of $4K with expenses exceeding revenue, holds 26.7 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), Couri Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -59.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -37.4% | -30.9% |
| 2022 | +1002300.0% | -53.3% | +37.3% |
| 2021 | -75.0% | +78.3% | -59.3% |
| 2020 | -100.0% | -95.3% | -25.0% |
| 2019 | -96.5% | -72.0% | -98.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Couri Foundation Inc 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, Couri Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is unpaid, which is common for small, family-run foundations.
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 Couri Foundation Inc's IRS 990 filings:
- Significant and consistent decline in assets over the past decade, from $4 million to $9,023.
- Expenses frequently exceed revenue, indicating reliance on asset drawdowns (e.g., 2023: $4,048 expenses vs. $4 revenue).
- Very low recent revenue figures ($1, $4, $10,024) suggest minimal fundraising or operational activity.
Strengths
The following positive indicators were identified for Couri Foundation Inc:
- Consistent 0% officer compensation, indicating volunteer leadership.
- Long history of IRS 990 filings (10 filings), demonstrating transparency in reporting.
Frequently Asked Questions about Couri Foundation Inc
Is Couri Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Couri Foundation Inc (EIN: 10441043) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Couri Foundation Inc spend its money?
Couri Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Couri Foundation Inc tax-deductible?
Couri Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10441043). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the current primary activity or program of the Couri Foundation Inc. given its significantly reduced assets and expenses?
Based on the provided data, the organization's assets have decreased from over $4 million in 2011 to $9,023 in 2023, and expenses have dropped from hundreds of thousands to a few thousand dollars annually. This suggests a substantial reduction in its operational scale, making its current primary activity unclear without further program details.
Why have the assets of the Couri Foundation Inc. declined so dramatically over the past decade?
The assets have decreased from $4,032,546 in 2011 to $9,023 in 2023. This significant decline is likely due to expenses consistently exceeding revenue in many periods (e.g., $166,121 expenses vs. $12,187 revenue in 2019) and potentially large distributions or investments that are not detailed in the summary data.
Is the Couri Foundation Inc. still actively pursuing its original mission given its current financial state?
With recent annual revenues as low as $1 and $4, and expenses in the low thousands, it appears the organization's capacity to pursue a large-scale mission has significantly diminished compared to its earlier years when it managed millions in assets and hundreds of thousands in expenses.
Filing History
IRS 990 filing history for Couri Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Couri Foundation Inc's revenue has declined by 100%, moving from $181K to $4. Total assets decreased by 99.8% over the same period, from $4.0M to $9K. Total functional expenses fell by 99.4%, from $733K to $4K. In its most recent filing year (2023), Couri Foundation Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $9K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4 | $4K | $9K | $1 | — | — |
| 2022 | $10K | $6K | $13K | $1 | — | View 990 |
| 2021 | $1 | $14K | $10K | $1 | — | — |
| 2020 | $4 | $8K | $23K | $1 | — | — |
| 2019 | $12K | $166K | $31K | $1 | — | View 990 |
| 2015 | $348K | $594K | $2.1M | $11K | — | View 990 |
| 2014 | $474K | $458K | $2.4M | $8K | — | View 990 |
| 2013 | $72K | $1.2M | $2.4M | $10K | — | View 990 |
| 2012 | $-47,419 | $512K | $3.5M | $6K | — | View 990 |
| 2011 | $181K | $733K | $4.0M | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4, expenses of $4K, and assets of $9K (revenue -100.0% year-over-year).
- 2022: Revenue of $10K, expenses of $6K, and assets of $13K (revenue +1002300.0% year-over-year).
- 2021: Revenue of $1, expenses of $14K, and assets of $10K (revenue -75.0% year-over-year).
- 2020: Revenue of $4, expenses of $8K, and assets of $23K (revenue -100.0% year-over-year).
- 2019: Revenue of $12K, expenses of $166K, and assets of $31K (revenue -96.5% year-over-year).
- 2015: Revenue of $348K, expenses of $594K, and assets of $2.1M (revenue -26.6% year-over-year).
- 2014: Revenue of $474K, expenses of $458K, and assets of $2.4M (revenue +562.2% year-over-year).
- 2013: Revenue of $72K, expenses of $1.2M, and assets of $2.4M.
- 2012: Revenue of $-47,419, expenses of $512K, and assets of $3.5M (revenue -126.2% year-over-year).
- 2011: Revenue of $181K, expenses of $733K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Couri Foundation Inc:
Data Sources and Methodology
This transparency report for Couri 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.