Edward D Cammarota Foundation Inc
Edward D Cammarota Foundation maintains substantial assets with no officer compensation, but recent years show operational deficits.
EIN: 201262503 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $322K |
| Program Spending | 85% |
| Net Assets | $5.6M |
| Transparency Score | 80/100 |
Is Edward D Cammarota Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward D Cammarota Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward D Cammarota Foundation Inc
Edward D Cammarota Foundation Inc (EIN: 201262503) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.5M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward D Cammarota Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward D Cammarota Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $277K |
| Total Expenses | $322K |
| Surplus / Deficit | $-45,322 |
| Total Assets | $5.6M |
| Total Liabilities | $1 |
| Net Assets | $5.6M |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 209.5 months |
Financial Health Grade: B
In 2023, Edward D Cammarota Foundation Inc reported a deficit of $45K with expenses exceeding revenue, holds 209.5 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), Edward D Cammarota Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | -0.7% | -0.8% |
| 2022 | -63.7% | +16.3% | -1.3% |
| 2021 | +154.7% | -26.0% | +7.8% |
| 2020 | +6.8% | +7.8% | -1.9% |
| 2019 | +4.5% | +31.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Edward D Cammarota Foundation Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Edward D Cammarota Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Edward D Cammarota Foundation Inc consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that executive roles are not compensated, which is highly favorable for donor trust and resource allocation.
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 Edward D Cammarota Foundation Inc's IRS 990 filings:
- Operational deficits in recent years (e.g., 2023 revenue $277,079 vs. expenses $322,401), indicating reliance on endowment or prior surpluses.
- Significant fluctuation in annual revenue, making future income less predictable.
Strengths
The following positive indicators were identified for Edward D Cammarota Foundation Inc:
- Consistently reports 0% officer compensation, indicating efficient use of funds and volunteer leadership.
- Maintains a very strong asset base ($5,628,509 in 2023) relative to its operational size.
- Consistently reports minimal liabilities ($1), demonstrating excellent financial management regarding debt.
- Long filing history (10 filings) indicates consistent operation and transparency.
Frequently Asked Questions about Edward D Cammarota Foundation Inc
Is Edward D Cammarota Foundation Inc a legitimate charity?
Edward D Cammarota Foundation Inc (EIN: 201262503) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Edward D Cammarota Foundation Inc spend its money?
Edward D Cammarota Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Edward D Cammarota Foundation Inc tax-deductible?
Edward D Cammarota Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201262503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edward D Cammarota Foundation Inc's spending goes to programs?
Edward D Cammarota Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Edward D Cammarota Foundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Edward D Cammarota Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edward D Cammarota Foundation Inc located?
Edward D Cammarota Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 201262503. It is classified under NTEE code T20.
How many years of IRS 990 filings does Edward D Cammarota Foundation Inc have?
Edward D Cammarota 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 $1.5M in total revenue.
Is the Edward D Cammarota Foundation Inc financially stable?
Yes, the foundation is financially stable, possessing substantial assets of $5,628,509 in 2023 and consistently reporting minimal liabilities of $1. While recent operational revenues have not always covered expenses, its large asset base provides a strong buffer.
Does the foundation pay its officers?
No, the foundation consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its leadership is not compensated.
What is the trend in the foundation's revenue?
The foundation's revenue has fluctuated significantly, with peaks of $1,362,766 in 2014 and $693,502 in 2021, but has generally been around $250,000-$270,000 in other years, including $277,079 in 2023.
Are the foundation's expenses increasing?
Expenses have shown some fluctuation but have generally remained within a range of $230,000 to $377,000 over the years. In 2023, expenses were $322,401, which is higher than some earlier periods but not the highest on record.
Filing History
IRS 990 filing history for Edward D Cammarota Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward D Cammarota Foundation Inc's revenue has grown by 18.3%, moving from $234K to $277K. Total assets increased by 16.5% over the same period, from $4.8M to $5.6M. Total functional expenses rose by 36.3%, from $237K to $322K. In its most recent filing year (2023), Edward D Cammarota Foundation Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $277K | $322K | $5.6M | $1 | — | View 990 |
| 2022 | $252K | $325K | $5.7M | $1 | — | View 990 |
| 2021 | $694K | $279K | $5.7M | $1 | — | View 990 |
| 2020 | $272K | $377K | $5.3M | $1 | — | — |
| 2019 | $255K | $350K | $5.4M | $1 | — | — |
| 2015 | $244K | $266K | $5.7M | $1 | — | View 990 |
| 2014 | $1.4M | $257K | $5.7M | $1 | — | View 990 |
| 2013 | $243K | $230K | $4.6M | $1 | — | View 990 |
| 2012 | $-5,957 | $249K | $4.6M | $1 | — | View 990 |
| 2011 | $234K | $237K | $4.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $277K, expenses of $322K, and assets of $5.6M (revenue +10.0% year-over-year).
- 2022: Revenue of $252K, expenses of $325K, and assets of $5.7M (revenue -63.7% year-over-year).
- 2021: Revenue of $694K, expenses of $279K, and assets of $5.7M (revenue +154.7% year-over-year).
- 2020: Revenue of $272K, expenses of $377K, and assets of $5.3M (revenue +6.8% year-over-year).
- 2019: Revenue of $255K, expenses of $350K, and assets of $5.4M (revenue +4.5% year-over-year).
- 2015: Revenue of $244K, expenses of $266K, and assets of $5.7M (revenue -82.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $257K, and assets of $5.7M (revenue +460.0% year-over-year).
- 2013: Revenue of $243K, expenses of $230K, and assets of $4.6M.
- 2012: Revenue of $-5,957, expenses of $249K, and assets of $4.6M (revenue -102.5% year-over-year).
- 2011: Revenue of $234K, expenses of $237K, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward D Cammarota Foundation Inc:
Data Sources and Methodology
This transparency report for Edward D Cammarota 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.