Draycott Family Foundation Inc
Draycott Family Foundation: Declining Assets, Minimal Program Spending
EIN: 222480316 · New Canaan, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $279K |
| Total Expenses | $36K |
| Program Spending | 43% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $493K |
| Transparency Score | 35/100 |
Is Draycott Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Draycott Family Foundation Inc directs 43% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Draycott Family Foundation Inc
Draycott Family Foundation Inc (EIN: 222480316) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $279K and total assets of $472K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Draycott Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Draycott Family Foundation Inc is a small nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $36K |
| Surplus / Deficit | $-20,730 |
| Total Assets | $493K |
| Total Liabilities | $1 |
| Net Assets | $493K |
| Operating Margin | -134.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 163.8 months |
Financial Health Grade: B
In 2023, Draycott Family Foundation Inc reported a deficit of $21K with expenses exceeding revenue, holds 163.8 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), Draycott Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -101.1% | -29.8% | -2.2% |
| 2020 | -126.9% | -51.5% | -3.0% |
| 2019 | +66.9% | -37.1% | -17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Draycott Family Foundation Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 57%
- programs: 43%
- fundraising: 0%
According to IRS 990 filings, Draycott Family Foundation Inc allocates its expenses as follows: admin: 57%, programs: 43%, fundraising: 0%. Only 43% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization.
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 Draycott Family Foundation Inc's IRS 990 filings:
- Program spending is consistently low, with administrative expenses often exceeding program expenditures (e.g., 2023: $15,367 revenue, $36,097 expenses, with a significant portion likely administrative given the '0%' compensation).
- The foundation's assets have decreased by over $200,000 in the last decade, raising concerns about long-term sustainability.
- The organization's revenue has been highly volatile, with negative figures in some years (e.g., -$584 in 2022, -$3,829 in 2020).
Strengths
The following positive indicators were identified for Draycott Family Foundation Inc:
- The foundation operates with no reported executive compensation, indicating a volunteer-driven model.
- Consistent reporting of financial data is available over a long period.
Frequently Asked Questions about Draycott Family Foundation Inc
Is Draycott Family Foundation Inc a legitimate charity?
Draycott Family Foundation Inc (EIN: 222480316) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 35/100. It has 10 years of IRS 990 filings on record. Total revenue: $279K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Draycott Family Foundation Inc spend its money?
Draycott Family Foundation Inc directs 43% of its spending to programs and services. This falls below the 65% benchmark.
Are donations to Draycott Family Foundation Inc tax-deductible?
Draycott Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222480316). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Draycott Family Foundation Inc CEO make?
Draycott Family Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $279K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Draycott Family Foundation Inc located?
Draycott Family Foundation Inc is headquartered in New Canaan, Connecticut and files with the IRS under EIN 222480316.
How many years of IRS 990 filings does Draycott Family Foundation Inc have?
Draycott 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 $279K in total revenue.
What does Draycott Family Foundation Inc do?
Draycott Family Foundation Inc is a nonprofit organization in the Unknown sector, located in New Canaan, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Draycott Family Foundation Inc have?
Draycott Family Foundation Inc reported total revenue of $279,020. Based on 10 IRS 990 filings on record.
What are Draycott Family Foundation Inc's total assets?
Draycott Family Foundation Inc holds total assets of $472,048 as reported in IRS 990 filings.
Where is Draycott Family Foundation Inc located?
Draycott Family Foundation Inc is based in New Canaan, Connecticut.
What is Draycott Family Foundation Inc's EIN?
Draycott Family Foundation Inc's Employer Identification Number (EIN) is 222480316. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Draycott Family Foundation Inc?
Draycott Family Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Draycott Family Foundation Inc a registered 501(c)(3)?
Draycott Family Foundation Inc appears in IRS records (EIN: 222480316). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Draycott Family Foundation Inc file IRS Form 990?
Yes, Draycott Family Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Draycott Family Foundation Inc's revenue in 2023?
In the 202312 filing period, Draycott Family Foundation Inc reported total revenue of $15,367, total expenses of $36,097, and net assets of $492,609.
Is Draycott Family Foundation Inc's revenue growing or declining?
Draycott Family Foundation Inc's revenue is relatively stable. Revenue went from $-584 (202212) to $15,367 (202312), a 0.0% change. Based on 10 filings on record.
What is Draycott Family Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Draycott Family Foundation Inc covers tax period 202312. It shows revenue of $15,367, expenses of $36,097, total assets of $492,609, and liabilities of $1.
How much does Draycott Family Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Draycott Family Foundation Inc allocates approximately 43% of expenses to program services, 57% to administrative costs, and 0% to fundraising. Overhead costs appear high relative to program spending.
Is Draycott Family Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Draycott Family Foundation Inc has notable concerns. Mission Score: 35/100 (Poor). 3 red flags identified. 2 strengths noted.
What are the red flags for Draycott Family Foundation Inc?
The following concerns were identified: Program spending is consistently low, with administrative expenses often exceeding program expenditures (e.g., 2023: $15,367 revenue, $36,097 expenses, with a significant portion likely administrative given the '0%' compensation).. The foundation's assets have decreased by over $200,000 in the last decade, raising concerns about long-term sustainability.. The organization's revenue has been highly volatile, with negative figures in some years (e.g., -$584 in 2022, -$3,829 in 2020).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Draycott Family Foundation Inc's strengths?
Positive indicators for Draycott Family Foundation Inc include: The foundation operates with no reported executive compensation, indicating a volunteer-driven model.. Consistent reporting of financial data is available over a long period.. These findings are derived from AI analysis of the organization's financial filings.
How does Draycott Family Foundation Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in assets and minimal program spending, what is the primary charitable activity or impact of the Draycott Family Foundation?
Based on the provided data, the primary charitable activity or impact is not clearly discernible. The financial figures suggest a foundation that primarily manages its existing assets with very limited direct program expenditures, often overshadowed by administrative costs.
How does the foundation sustain its operations and cover administrative costs when revenue is sometimes negative and program spending is low?
The foundation appears to cover administrative costs by drawing from its existing asset base, as evidenced by the consistent decline in total assets over time. Negative revenue years further necessitate asset depletion to cover expenses.
Filing History
IRS 990 filing history for Draycott Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Draycott Family Foundation Inc's revenue has declined by 46.1%, moving from $29K to $15K. Total assets decreased by 35.3% over the same period, from $761K to $493K. Total functional expenses fell by 32.8%, from $54K to $36K. In its most recent filing year (2023), Draycott Family Foundation Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1 in liabilities against $493K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $493K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $36K | $493K | $1 | — | — |
| 2022 | $-584 | $28K | $530K | $17K | — | — |
| 2021 | $54K | $40K | $542K | $1 | — | — |
| 2020 | $-3,829 | $13K | $529K | $1 | — | — |
| 2019 | $14K | $26K | $545K | $1 | — | View 990 |
| 2015 | $9K | $41K | $659K | $750 | — | View 990 |
| 2014 | $16K | $41K | $692K | $750 | — | View 990 |
| 2013 | $11K | $47K | $717K | $750 | — | View 990 |
| 2012 | $35K | $43K | $753K | $750 | — | View 990 |
| 2011 | $29K | $54K | $761K | $750 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $36K, and assets of $493K.
- 2022: Revenue of $-584, expenses of $28K, and assets of $530K (revenue -101.1% year-over-year).
- 2021: Revenue of $54K, expenses of $40K, and assets of $542K.
- 2020: Revenue of $-3,829, expenses of $13K, and assets of $529K (revenue -126.9% year-over-year).
- 2019: Revenue of $14K, expenses of $26K, and assets of $545K (revenue +66.9% year-over-year).
- 2015: Revenue of $9K, expenses of $41K, and assets of $659K (revenue -46.5% year-over-year).
- 2014: Revenue of $16K, expenses of $41K, and assets of $692K (revenue +40.0% year-over-year).
- 2013: Revenue of $11K, expenses of $47K, and assets of $717K (revenue -67.5% year-over-year).
- 2012: Revenue of $35K, expenses of $43K, and assets of $753K (revenue +23.0% year-over-year).
- 2011: Revenue of $29K, expenses of $54K, and assets of $761K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Draycott Family Foundation Inc:
Data Sources and Methodology
This transparency report for Draycott 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.