Fred And Margaret Carl Foundation
Fred And Margaret Carl Foundation shows highly volatile revenue and asset trends with no reported officer compensation.
EIN: 201938809 · Greenwood, MS · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $121K |
| Total Expenses | $87K |
| Program Spending | 80% |
| Net Assets | $7K |
| Transparency Score | 65/100 |
Is Fred And Margaret Carl Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fred And Margaret Carl Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fred And Margaret Carl Foundation
Fred And Margaret Carl Foundation (EIN: 201938809) is a nonprofit organization based in Greenwood, MS, classified under NTEE code T31. The organization reported total revenue of $121K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fred And Margaret Carl Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fred And Margaret Carl Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 156.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $87K |
| Surplus / Deficit | $-7,140 |
| Total Assets | $7K |
| Total Liabilities | $1 |
| Net Assets | $7K |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2023, Fred And Margaret Carl Foundation reported a deficit of $7K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Fred And Margaret Carl Foundation's revenue has grown at a compound annual growth rate (CAGR) of 156.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | -48.9% | -51.5% |
| 2022 | -84.7% | -68.4% | -85.5% |
| 2020 | -2619.7% | -32.5% | -93.2% |
| 2019 | +32.5% | +13.4% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Fred And Margaret Carl Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fred And Margaret Carl Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for 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 Fred And Margaret Carl Foundation's IRS 990 filings:
- Highly volatile revenue, including a negative revenue of $-1,749,919 in 2020.
- Significant decline in assets from over $2 million in 2014 to under $2,000 currently.
- Expenses frequently exceed revenue, such as $87,140 expenses vs $80,000 revenue in 2023 and $170,608 expenses vs $76,279 revenue in 2022.
Strengths
The following positive indicators were identified for Fred And Margaret Carl Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds regarding executive pay.
- Maintains minimal liabilities ($1 across all filings), suggesting strong financial solvency in terms of debt.
Frequently Asked Questions about Fred And Margaret Carl Foundation
Is Fred And Margaret Carl Foundation a legitimate charity?
Fred And Margaret Carl Foundation (EIN: 201938809) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $121K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Fred And Margaret Carl Foundation spend its money?
Fred And Margaret Carl Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fred And Margaret Carl Foundation tax-deductible?
Fred And Margaret Carl Foundation is registered as a tax-exempt nonprofit (EIN: 201938809). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fred And Margaret Carl Foundation's spending goes to programs?
Fred And Margaret Carl Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fred And Margaret Carl Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Fred And Margaret Carl Foundation is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fred And Margaret Carl Foundation located?
Fred And Margaret Carl Foundation is headquartered in Greenwood, Mississippi and files with the IRS under EIN 201938809. It is classified under NTEE code T31.
How many years of IRS 990 filings does Fred And Margaret Carl Foundation have?
Fred And Margaret Carl 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 $121K in total revenue.
Why is the organization's revenue so volatile, including a negative revenue in 2020?
The filing for period 202012 shows a revenue of $-1,749,919, which is highly unusual and warrants further investigation into the nature of this financial event, such as significant investment losses or asset dispositions.
What caused the significant decrease in assets from $2,308,923 in 2014 to $1,997 currently?
The substantial decline in assets over the years, particularly from 2014 to the present, suggests significant asset utilization, divestment, or losses that would need to be understood to assess long-term financial health.
What are the specific program activities funded by the foundation?
The provided data does not detail the specific programs or grants made by the foundation, which is crucial for understanding its impact and alignment with its NTEE code T31 (Foundations & Fund-Raising Organizations).
Filing History
IRS 990 filing history for Fred And Margaret Carl Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Fred And Margaret Carl Foundation's revenue has grown by 7999900%, moving from $1 to $80K. Total assets increased by 14227.7% over the same period, from $47 to $7K. Total functional expenses rose by 795.6%, from $10K to $87K. In its most recent filing year (2023), Fred And Margaret Carl Foundation reported a deficit of $7K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $87K | $7K | $1 | — | — |
| 2022 | $76K | $171K | $14K | $1 | — | View 990 |
| 2021 | $500K | $540K | $95K | $1 | — | — |
| 2020 | $-1,749,919 | $92K | $135K | $1 | — | — |
| 2019 | $69K | $136K | $2.0M | $1 | — | View 990 |
| 2015 | $52K | $120K | $2.2M | $1 | — | View 990 |
| 2014 | $1.2M | $95K | $2.3M | $1 | — | View 990 |
| 2013 | $1.2M | $11K | $1.2M | $1 | — | View 990 |
| 2012 | $100 | $72 | $75 | $1 | — | View 990 |
| 2011 | $1 | $10K | $47 | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $87K, and assets of $7K (revenue +4.9% year-over-year).
- 2022: Revenue of $76K, expenses of $171K, and assets of $14K (revenue -84.7% year-over-year).
- 2021: Revenue of $500K, expenses of $540K, and assets of $95K.
- 2020: Revenue of $-1,749,919, expenses of $92K, and assets of $135K (revenue -2619.7% year-over-year).
- 2019: Revenue of $69K, expenses of $136K, and assets of $2.0M (revenue +32.5% year-over-year).
- 2015: Revenue of $52K, expenses of $120K, and assets of $2.2M (revenue -95.8% year-over-year).
- 2014: Revenue of $1.2M, expenses of $95K, and assets of $2.3M (revenue +6.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $11K, and assets of $1.2M (revenue +1170024.0% year-over-year).
- 2012: Revenue of $100, expenses of $72, and assets of $75 (revenue +9900.0% year-over-year).
- 2011: Revenue of $1, expenses of $10K, and assets of $47.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fred And Margaret Carl Foundation:
Data Sources and Methodology
This transparency report for Fred And Margaret Carl 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.