James J Capone Charitable Foundation
EIN: 261500381 · Farmington, CT · NTEE: T22
Is James J Capone Charitable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About James J Capone Charitable Foundation
James J Capone Charitable Foundation (EIN: 261500381) is a nonprofit organization based in Farmington, CT, classified under NTEE code T22. The organization reported total revenue of $1.6M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James J Capone Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for James J Capone Charitable 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 James J Capone Charitable 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.
Frequently Asked Questions about James J Capone Charitable Foundation
Is James J Capone Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, James J Capone Charitable Foundation (EIN: 261500381) insufficient data. 0 red flags identified, 0 strengths noted.
How does James J Capone Charitable Foundation spend its money?
Detailed spending breakdown data is not yet available for James J Capone Charitable Foundation. Check back for updated IRS 990 analysis.
Are donations to James J Capone Charitable Foundation tax-deductible?
James J Capone Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 261500381). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for James J Capone Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), James J Capone Charitable Foundation's revenue has grown by 50875700%, moving from $1 to $509K. Total assets increased by 1586521100% over the same period, from $1 to $15.9M. In its most recent filing year (2024), James J Capone Charitable Foundation reported a deficit of $518K, with expenses exceeding revenue. The organization holds $722K in liabilities against $15.9M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $15.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $509K | $1.0M | $15.9M | $722K | — | — |
| 2023 | $160K | $727K | $13.7M | $479K | — | View 990 |
| 2022 | $833K | $663K | $12.6M | $390K | — | View 990 |
| 2021 | $340K | $722K | $14.0M | $481K | — | View 990 |
| 2020 | $790K | $667K | $10.8M | $481K | — | View 990 |
| 2015 | $1 | $0 | $1 | $0 | — | View 990 |
| 2014 | $1 | $0 | $1 | $0 | — | View 990 |
| 2013 | $1 | $0 | $1 | $0 | — | View 990 |
| 2012 | $1 | $0 | $1 | $0 | — | View 990 |
| 2011 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $509K, expenses of $1.0M, and assets of $15.9M (revenue +219.0% year-over-year).
- 2023: Revenue of $160K, expenses of $727K, and assets of $13.7M (revenue -80.9% year-over-year).
- 2022: Revenue of $833K, expenses of $663K, and assets of $12.6M (revenue +145.4% year-over-year).
- 2021: Revenue of $340K, expenses of $722K, and assets of $14.0M (revenue -57.0% year-over-year).
- 2020: Revenue of $790K, expenses of $667K, and assets of $10.8M (revenue +78994400.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
Data Sources and Methodology
This transparency report for James J Capone Charitable 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.