Csp Family Foundation
Csp Family Foundation maintains substantial assets with fluctuating revenue and no reported officer compensation.
EIN: 201379399 · Summit, NJ · NTEE: T22 · Updated: 2026-03-28
Is Csp Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Csp Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Csp Family Foundation
Csp Family Foundation (EIN: 201379399) is a nonprofit organization based in Summit, NJ, classified under NTEE code T22. The organization reported total revenue of $4.8M and total assets of $14.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Csp Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Csp Family Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Csp Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for a foundation of its 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 Csp Family Foundation:
- Strong asset base ($14,623,798 in latest filing) providing long-term stability.
- No reported officer compensation across all filings, indicating high operational efficiency.
- Minimal liabilities ($1 in latest filing) reflecting a healthy financial position.
- Consistent filing history (10 filings) demonstrating transparency and compliance.
- Significant growth in assets over the past decade, from $1.1 million in 2011 to $14.5 million in 2023.
Frequently Asked Questions about Csp Family Foundation
Is Csp Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Csp Family Foundation (EIN: 201379399) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Csp Family Foundation spend its money?
Csp Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Csp Family Foundation tax-deductible?
Csp Family Foundation is registered as a tax-exempt nonprofit (EIN: 201379399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Csp Family Foundation a good charity?
Based on the available data, Csp Family Foundation appears to be a well-managed private foundation with substantial assets and no reported officer compensation, suggesting a high degree of efficiency in its operations. Its consistent grant-making activity, as implied by its expenses, and strong financial position are positive indicators.
How does Csp Family Foundation manage its expenses?
The foundation's expenses have grown from $72,452 in 2011 to $845,852 in 2023. While a detailed breakdown isn't provided in the summary, the absence of officer compensation suggests that the majority of expenses are likely directed towards grants and minimal administrative overhead.
What is the financial stability of Csp Family Foundation?
The Csp Family Foundation demonstrates strong financial stability, with assets consistently growing from $1.1 million in 2011 to over $14.5 million in 2023. Liabilities are minimal, often reported as $1, indicating a very healthy balance sheet.
Filing History
IRS 990 filing history for Csp Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Csp Family Foundation's revenue has grown by 28.9%, moving from $400K to $515K. Total assets increased by 1180.2% over the same period, from $1.1M to $14.5M. Total functional expenses rose by 1067.5%, from $72K to $846K. In its most recent filing year (2023), Csp Family Foundation reported a deficit of $331K, with expenses exceeding revenue. The organization holds $1 in liabilities against $14.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $515K | $846K | $14.5M | $1 | — | View 990 |
| 2022 | $401K | $1.2M | $14.9M | $1 | — | View 990 |
| 2021 | $1.7M | $936K | $15.6M | $1 | — | View 990 |
| 2020 | $585K | $1.1M | $14.9M | $1 | — | View 990 |
| 2019 | $3.6M | $536K | $15.4M | $1 | — | View 990 |
| 2015 | $1.5M | $172K | $4.5M | $0 | — | View 990 |
| 2014 | $1.1M | $135K | $3.2M | $0 | — | View 990 |
| 2013 | $755K | $103K | $2.2M | $0 | — | View 990 |
| 2012 | $540K | $83K | $1.6M | $0 | — | View 990 |
| 2011 | $400K | $72K | $1.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $515K, expenses of $846K, and assets of $14.5M (revenue +28.4% year-over-year).
- 2022: Revenue of $401K, expenses of $1.2M, and assets of $14.9M (revenue -76.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $936K, and assets of $15.6M (revenue +186.5% year-over-year).
- 2020: Revenue of $585K, expenses of $1.1M, and assets of $14.9M (revenue -83.7% year-over-year).
- 2019: Revenue of $3.6M, expenses of $536K, and assets of $15.4M (revenue +145.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $172K, and assets of $4.5M (revenue +38.1% year-over-year).
- 2014: Revenue of $1.1M, expenses of $135K, and assets of $3.2M (revenue +40.2% year-over-year).
- 2013: Revenue of $755K, expenses of $103K, and assets of $2.2M (revenue +39.8% year-over-year).
- 2012: Revenue of $540K, expenses of $83K, and assets of $1.6M (revenue +35.2% year-over-year).
- 2011: Revenue of $400K, expenses of $72K, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Csp 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.