Fascitelli Family Foundation
Fascitelli Family Foundation consistently grants funds with zero officer compensation, maintaining substantial assets.
EIN: 133748071 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $3.7M |
| Program Spending | 100% |
| Net Assets | $15.6M |
| Transparency Score | 95/100 |
Is Fascitelli Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fascitelli Family Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fascitelli Family Foundation
Fascitelli Family Foundation (EIN: 133748071) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.2M and total assets of $18.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fascitelli Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fascitelli Family Foundation is a mid-size nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.1M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$7.4M |
| Total Assets | $15.6M |
| Total Liabilities | $1 |
| Net Assets | $15.6M |
| Operating Margin | 66.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 50.9 months |
Financial Health Grade: A
In 2024, Fascitelli Family Foundation reported a surplus of $7.4M with revenue exceeding expenses, holds 50.9 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 (2012–2024), Fascitelli Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +610.9% | +1.4% | +12.2% |
| 2023 | -78.3% | -24.9% | -12.9% |
| 2022 | -1.9% | -15.0% | -7.7% |
| 2021 | +174.7% | +9.2% | -3.0% |
| 2020 | +167.4% | +92.2% | -15.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Fascitelli Family Foundation with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Fascitelli Family Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests an extremely lean administrative structure, likely relying on volunteer leadership or external, non-officer-compensated support, which maximizes funds available for charitable programs.
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 Fascitelli Family Foundation:
- Zero officer compensation, indicating high efficiency and direct program spending.
- Consistent grant-making activity with significant expenses directed towards charitable purposes (e.g., $3,685,384 in 2024).
- Substantial and stable asset base (e.g., $18,262,051 latest assets) providing long-term financial security.
- Minimal liabilities ($1 in recent years), indicating strong financial health and low risk.
- Good transparency with 10 years of available IRS 990 filings.
Frequently Asked Questions about Fascitelli Family Foundation
Is Fascitelli Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fascitelli Family Foundation (EIN: 133748071) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Fascitelli Family Foundation spend its money?
Fascitelli Family Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fascitelli Family Foundation tax-deductible?
Fascitelli Family Foundation is registered as a tax-exempt nonprofit (EIN: 133748071). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fascitelli Family Foundation located?
Fascitelli Family Foundation is headquartered in New York, New York and files with the IRS under EIN 133748071.
How many years of IRS 990 filings does Fascitelli Family Foundation have?
Fascitelli Family Foundation 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 $6.2M in total revenue.
What are the specific program areas or types of grants the Fascitelli Family Foundation supports?
Based on the provided IRS 990 data, the NTEE code is unknown, and specific program details are not available. However, as a private foundation, its expenses are primarily grants to other organizations or individuals for charitable purposes.
How does the foundation manage its investments to maintain its asset base?
The provided data shows significant assets, fluctuating with market conditions and distributions. For example, assets were $23,729,102 in 2013 and $15,636,842 in 2024. The specific investment strategies are not detailed in the summary data but are crucial for maintaining its long-term granting capacity.
Are there any related organizations or entities that receive grants from the Fascitelli Family Foundation?
The provided IRS 990 summary data does not specify recipients of grants or related organizations. This information would typically be found in the Schedule I of the full 990 filing.
Filing History
IRS 990 filing history for Fascitelli Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Fascitelli Family Foundation's revenue has grown by 474.1%, moving from $1.9M to $11.1M. Total assets increased by 40.3% over the same period, from $11.1M to $15.6M. Total functional expenses rose by 75.6%, from $2.1M to $3.7M. In its most recent filing year (2024), Fascitelli Family Foundation reported a surplus of $7.4M, with revenue exceeding expenses. The organization holds $1 in liabilities against $15.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $11.1M | $3.7M | $15.6M | $1 | — | View 990 |
| 2023 | $1.6M | $3.6M | $13.9M | $1 | — | View 990 |
| 2022 | $7.2M | $4.8M | $16.0M | $1 | — | View 990 |
| 2021 | $7.3M | $5.7M | $17.3M | $1 | — | View 990 |
| 2020 | $2.7M | $5.2M | $17.9M | $1 | — | — |
| 2016 | $1.0M | $2.7M | $21.2M | $1 | — | View 990 |
| 2015 | $1.3M | $1.9M | $22.9M | $0 | — | View 990 |
| 2014 | $1.5M | $1.7M | $23.5M | $0 | — | View 990 |
| 2013 | $14.1M | $1.6M | $23.7M | $0 | — | View 990 |
| 2012 | $1.9M | $2.1M | $11.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $11.1M, expenses of $3.7M, and assets of $15.6M (revenue +610.9% year-over-year).
- 2023: Revenue of $1.6M, expenses of $3.6M, and assets of $13.9M (revenue -78.3% year-over-year).
- 2022: Revenue of $7.2M, expenses of $4.8M, and assets of $16.0M (revenue -1.9% year-over-year).
- 2021: Revenue of $7.3M, expenses of $5.7M, and assets of $17.3M (revenue +174.7% year-over-year).
- 2020: Revenue of $2.7M, expenses of $5.2M, and assets of $17.9M (revenue +167.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $2.7M, and assets of $21.2M (revenue -24.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.9M, and assets of $22.9M (revenue -9.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.7M, and assets of $23.5M (revenue -89.7% year-over-year).
- 2013: Revenue of $14.1M, expenses of $1.6M, and assets of $23.7M (revenue +630.1% year-over-year).
- 2012: Revenue of $1.9M, expenses of $2.1M, and assets of $11.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fascitelli Family Foundation:
Data Sources and Methodology
This transparency report for Fascitelli 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.