Joe And Trina Cayre Foundation Inc
Joe And Trina Cayre Foundation consistently disburses significant funds with fluctuating revenues and high liabilities.
EIN: 133494146 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| Net Assets | $-757,905 |
| Transparency Score | 80/100 |
Is Joe And Trina Cayre Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joe And Trina Cayre Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joe And Trina Cayre Foundation Inc
Joe And Trina Cayre Foundation Inc (EIN: 133494146) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.7M and total assets of $931K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joe And Trina Cayre Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joe And Trina Cayre Foundation Inc is a mid-size nonprofit that has been operating for 36 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$428K |
| Total Assets | $894K |
| Total Liabilities | $1.7M |
| Net Assets | $-757,905 |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 184.8% |
| Months of Reserves | 4.5 months |
Financial Health Grade: A
In 2023, Joe And Trina Cayre Foundation Inc reported a surplus of $428K with revenue exceeding expenses, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 184.8% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Joe And Trina Cayre Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.1% | -45.2% | +34.8% |
| 2022 | +275.2% | +284.6% | +66322700.0% |
| 2021 | +129.5% | +13.2% | -100.0% |
| 2020 | -71.0% | -44.7% | -80.5% |
| 2019 | -3.0% | +5.3% | -16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Joe And Trina Cayre 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Joe And Trina Cayre Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $428K, with revenue exceeding expenses.
- Debt-to-asset ratio: 184.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation directly to 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.
Red Flags
The following concerns were identified during AI analysis of Joe And Trina Cayre Foundation Inc's IRS 990 filings:
- Consistently high liabilities relative to assets (e.g., $1,651,799 liabilities vs. $893,894 assets in 2023)
- Significant year-over-year revenue and expense volatility (e.g., $4.6M revenue in 2022 vs. $1.2M in 2021)
- Unknown NTEE code, hindering clear understanding of programmatic area
Strengths
The following positive indicators were identified for Joe And Trina Cayre Foundation Inc:
- Consistent filing of IRS Form 990s, indicating transparency compliance
- 0% reported officer compensation across all filings, suggesting efficient use of funds for mission
- High proportion of expenses relative to revenue, indicating significant program spending (e.g., $2.39M expenses on $2.81M revenue in 2023)
Frequently Asked Questions about Joe And Trina Cayre Foundation Inc
Is Joe And Trina Cayre Foundation Inc a legitimate charity?
Joe And Trina Cayre Foundation Inc (EIN: 133494146) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Joe And Trina Cayre Foundation Inc spend its money?
Joe And Trina Cayre Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Joe And Trina Cayre Foundation Inc tax-deductible?
Joe And Trina Cayre Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133494146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Joe And Trina Cayre Foundation Inc's spending goes to programs?
Joe And Trina Cayre Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Joe And Trina Cayre Foundation Inc located?
Joe And Trina Cayre Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133494146.
How many years of IRS 990 filings does Joe And Trina Cayre Foundation Inc have?
Joe And Trina Cayre 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 $2.7M in total revenue.
Is Joe And Trina Cayre Foundation Inc. financially stable given its high liabilities?
The foundation consistently reports liabilities significantly exceeding its assets, for example, $1,651,799 in liabilities versus $893,894 in assets in 2023. While this could indicate specific types of grants payable or other commitments, it warrants further investigation to understand the nature of these liabilities and their long-term financial implications.
What is the specific programmatic focus of the Joe And Trina Cayre Foundation Inc.?
The provided data does not include an NTEE code, which makes it difficult to ascertain the specific programmatic focus of the foundation. Further investigation into their 990 filings or website would be necessary to understand their mission areas.
How does the foundation manage its significant year-to-year revenue fluctuations?
The foundation experiences substantial revenue fluctuations, such as $4.6 million in 2022 down to $1.2 million in 2021. This suggests reliance on variable funding sources, and understanding their financial planning and reserve strategies would be crucial to assess their ability to sustain operations during leaner years.
Filing History
IRS 990 filing history for Joe And Trina Cayre Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Joe And Trina Cayre Foundation Inc's revenue has grown by 121.8%, moving from $1.3M to $2.8M. Total assets decreased by 8.7% over the same period, from $979K to $894K. Total functional expenses rose by 59.7%, from $1.5M to $2.4M. In its most recent filing year (2023), Joe And Trina Cayre Foundation Inc reported a surplus of $428K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $894K in assets (debt-to-asset ratio: 184.8%), resulting in net assets of $-757,905.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.4M | $894K | $1.7M | — | View 990 |
| 2022 | $4.6M | $4.4M | $663K | $1.9M | — | View 990 |
| 2021 | $1.2M | $1.1M | $1 | $1.5M | — | View 990 |
| 2020 | $537K | $1.0M | $58K | $1.7M | — | View 990 |
| 2019 | $1.9M | $1.8M | $297K | $1.4M | — | View 990 |
| 2015 | $1.9M | $1.7M | $355K | $375K | — | View 990 |
| 2014 | $1.5M | $1.7M | $211K | $415K | — | View 990 |
| 2013 | $1.0M | $922K | $257K | $250K | — | View 990 |
| 2012 | $785K | $1.8M | $274K | $378K | — | View 990 |
| 2011 | $1.3M | $1.5M | $979K | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.4M, and assets of $894K (revenue -39.1% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.4M, and assets of $663K (revenue +275.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $1 (revenue +129.5% year-over-year).
- 2020: Revenue of $537K, expenses of $1.0M, and assets of $58K (revenue -71.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $297K (revenue -3.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $355K (revenue +25.7% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.7M, and assets of $211K (revenue +47.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $922K, and assets of $257K (revenue +31.5% year-over-year).
- 2012: Revenue of $785K, expenses of $1.8M, and assets of $274K (revenue -38.2% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.5M, and assets of $979K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joe And Trina Cayre Foundation Inc:
Data Sources and Methodology
This transparency report for Joe And Trina Cayre 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.