Cutty Legacy Foundation
EIN: 861007325 · Tempe, AZ · NTEE: P11
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $48K |
| Net Assets | $1.8M |
Is Cutty Legacy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cutty Legacy Foundation
Cutty Legacy Foundation (EIN: 861007325) is a nonprofit organization based in Tempe, AZ, classified under NTEE code P11. The organization reported total revenue of $30K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cutty Legacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cutty Legacy Foundation is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $268K |
| Total Expenses | $48K |
| Surplus / Deficit | +$219K |
| Total Assets | $1.9M |
| Total Liabilities | $125K |
| Net Assets | $1.8M |
| Operating Margin | 82.0% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 479.7 months |
Financial Health Grade: A
In 2023, Cutty Legacy Foundation reported a surplus of $219K with revenue exceeding expenses, holds 479.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cutty Legacy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +346.5% | +43.1% | +8.4% |
| 2022 | +70.2% | +26.6% | -8.9% |
| 2021 | +21.1% | -1.5% | +7.8% |
| 2020 | -53.4% | -21.3% | +0.7% |
| 2019 | +3.2% | -10.2% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cutty Legacy Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cutty Legacy Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $219K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.5%.
Frequently Asked Questions about Cutty Legacy Foundation
Is Cutty Legacy Foundation a legitimate charity?
Cutty Legacy Foundation (EIN: 861007325) is a registered tax-exempt nonprofit based in Arizona. It has 13 years of IRS 990 filings on record. Total revenue: $30K. No red flags identified. Financial health grade: A.
How does Cutty Legacy Foundation spend its money?
Cutty Legacy Foundation reported $30K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cutty Legacy Foundation tax-deductible?
Cutty Legacy Foundation is registered as a tax-exempt nonprofit (EIN: 861007325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cutty Legacy Foundation located?
Cutty Legacy Foundation is headquartered in Tempe, Arizona and files with the IRS under EIN 861007325. It is classified under NTEE code P11.
How many years of IRS 990 filings does Cutty Legacy Foundation have?
Cutty Legacy Foundation has 13 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 $30K in total revenue.
Filing History
IRS 990 filing history for Cutty Legacy Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cutty Legacy Foundation's revenue has grown by 260.6%, moving from $74K to $268K. Total assets increased by 12.9% over the same period, from $1.7M to $1.9M. Total functional expenses fell by 25%, from $64K to $48K. In its most recent filing year (2023), Cutty Legacy Foundation reported a surplus of $219K, with revenue exceeding expenses. The organization holds $125K in liabilities against $1.9M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $268K | $48K | $1.9M | $125K | — | — |
| 2022 | $60K | $34K | $1.8M | $270K | — | — |
| 2021 | $35K | $27K | $1.9M | $268K | — | — |
| 2020 | $29K | $27K | $1.8M | $266K | — | View 990 |
| 2019 | $62K | $34K | $1.8M | $263K | — | View 990 |
| 2018 | $60K | $38K | $1.8M | $283K | — | View 990 |
| 2017 | $57K | $76K | $1.7M | $294K | — | View 990 |
| 2016 | $65K | $86K | $1.7M | $305K | — | View 990 |
| 2015 | $72K | $88K | $1.7M | $309K | — | View 990 |
| 2014 | $81K | $102K | $1.8M | $322K | — | View 990 |
| 2013 | $72K | $113K | $1.7M | $288K | — | View 990 |
| 2012 | $61K | $65K | $1.7M | $276K | — | View 990 |
| 2011 | $74K | $64K | $1.7M | $273K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $268K, expenses of $48K, and assets of $1.9M (revenue +346.5% year-over-year).
- 2022: Revenue of $60K, expenses of $34K, and assets of $1.8M (revenue +70.2% year-over-year).
- 2021: Revenue of $35K, expenses of $27K, and assets of $1.9M (revenue +21.1% year-over-year).
- 2020: Revenue of $29K, expenses of $27K, and assets of $1.8M (revenue -53.4% year-over-year).
- 2019: Revenue of $62K, expenses of $34K, and assets of $1.8M (revenue +3.2% year-over-year).
- 2018: Revenue of $60K, expenses of $38K, and assets of $1.8M (revenue +6.0% year-over-year).
- 2017: Revenue of $57K, expenses of $76K, and assets of $1.7M (revenue -12.9% year-over-year).
- 2016: Revenue of $65K, expenses of $86K, and assets of $1.7M (revenue -9.6% year-over-year).
- 2015: Revenue of $72K, expenses of $88K, and assets of $1.7M (revenue -10.8% year-over-year).
- 2014: Revenue of $81K, expenses of $102K, and assets of $1.8M (revenue +12.5% year-over-year).
- 2013: Revenue of $72K, expenses of $113K, and assets of $1.7M (revenue +19.2% year-over-year).
- 2012: Revenue of $61K, expenses of $65K, and assets of $1.7M (revenue -18.5% year-over-year).
- 2011: Revenue of $74K, expenses of $64K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cutty Legacy Foundation:
Data Sources and Methodology
This transparency report for Cutty Legacy 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.