Kastory Family Foundation
Kastory Family Foundation maintains strong asset growth and zero executive compensation over a decade.
EIN: 141837220 · West Hartford, CT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $194K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $2.6M |
| Transparency Score | 90/100 |
Is Kastory Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kastory Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kastory Family Foundation
Kastory Family Foundation (EIN: 141837220) is a nonprofit organization based in West Hartford, CT, classified under NTEE code T22. The organization reported total revenue of $385K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kastory Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kastory Family Foundation is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $203K |
| Total Expenses | $194K |
| Surplus / Deficit | +$9K |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 161.1 months |
Financial Health Grade: A
In 2024, Kastory Family Foundation reported a surplus of $9K with revenue exceeding expenses, holds 161.1 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), Kastory Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +75.0% | -27.0% | +0.6% |
| 2023 | -63.6% | +22.4% | -5.4% |
| 2022 | +291.5% | +12.0% | +3.8% |
| 2021 | -36.4% | +21.7% | -4.1% |
| 2020 | -49.3% | -5.6% | +16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Kastory Family Foundation with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Kastory Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors receive salaries from the foundation, which is highly commendable for an organization of its size with assets exceeding $2.5 million.
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 Kastory Family Foundation:
- Consistent asset growth, increasing from $1.8M to over $2.6M in 12 years.
- Zero officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Extremely low liabilities ($0 or $1) demonstrating strong financial health and minimal debt.
- Consistent IRS 990 filing history over a decade, indicating good transparency and compliance.
- Expenses generally remain below revenue, showing sound financial management and sustainability.
Frequently Asked Questions about Kastory Family Foundation
Is Kastory Family Foundation a legitimate charity?
Kastory Family Foundation (EIN: 141837220) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $385K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Kastory Family Foundation spend its money?
Kastory Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Kastory Family Foundation tax-deductible?
Kastory Family Foundation is registered as a tax-exempt nonprofit (EIN: 141837220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kastory Family Foundation CEO make?
Kastory Family Foundation's highest-compensated officer earns $2.5 annually. The organization reported $385K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Kastory Family Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Kastory Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kastory Family Foundation located?
Kastory Family Foundation is headquartered in West Hartford, Connecticut and files with the IRS under EIN 141837220. It is classified under NTEE code T22.
How many years of IRS 990 filings does Kastory Family Foundation have?
Kastory 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 $385K in total revenue.
Is the Kastory Family Foundation financially stable?
Yes, the foundation is financially stable. It has consistently grown its assets from $1,825,042 in 2012 to $2,607,964 in 2024, and maintains minimal liabilities ($0 or $1) across all reported periods.
Does the Kastory Family Foundation pay its executives?
No, the Kastory Family Foundation consistently reports 0% officer compensation in all available IRS 990 filings, indicating no salaries are paid to its executives.
How has the foundation's revenue trended?
The foundation's revenue fluctuates year-to-year, ranging from a low of $81,380 in 2021 to a high of $395,533 in 2014, but generally covers its expenses, demonstrating a sustainable funding model.
Filing History
IRS 990 filing history for Kastory Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Kastory Family Foundation's revenue has grown by 13.6%, moving from $179K to $203K. Total assets increased by 42.9% over the same period, from $1.8M to $2.6M. Total functional expenses rose by 42.6%, from $136K to $194K. In its most recent filing year (2024), Kastory Family Foundation reported a surplus of $9K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $203K | $194K | $2.6M | $1 | — | — |
| 2023 | $116K | $266K | $2.6M | $1 | — | — |
| 2022 | $319K | $217K | $2.7M | $1 | — | View 990 |
| 2021 | $81K | $194K | $2.6M | $1 | — | — |
| 2020 | $128K | $160K | $2.8M | $1 | — | View 990 |
| 2016 | $252K | $169K | $2.4M | $0 | — | View 990 |
| 2015 | $360K | $190K | $2.3M | $0 | — | View 990 |
| 2014 | $396K | $180K | $2.1M | $0 | — | View 990 |
| 2013 | $191K | $125K | $1.9M | $0 | — | View 990 |
| 2012 | $179K | $136K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $203K, expenses of $194K, and assets of $2.6M (revenue +75.0% year-over-year).
- 2023: Revenue of $116K, expenses of $266K, and assets of $2.6M (revenue -63.6% year-over-year).
- 2022: Revenue of $319K, expenses of $217K, and assets of $2.7M (revenue +291.5% year-over-year).
- 2021: Revenue of $81K, expenses of $194K, and assets of $2.6M (revenue -36.4% year-over-year).
- 2020: Revenue of $128K, expenses of $160K, and assets of $2.8M (revenue -49.3% year-over-year).
- 2016: Revenue of $252K, expenses of $169K, and assets of $2.4M (revenue -29.9% year-over-year).
- 2015: Revenue of $360K, expenses of $190K, and assets of $2.3M (revenue -8.9% year-over-year).
- 2014: Revenue of $396K, expenses of $180K, and assets of $2.1M (revenue +107.4% year-over-year).
- 2013: Revenue of $191K, expenses of $125K, and assets of $1.9M (revenue +6.8% year-over-year).
- 2012: Revenue of $179K, expenses of $136K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kastory Family Foundation:
Data Sources and Methodology
This transparency report for Kastory 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.