Kathe Kasten Charitable Remainder Tr
Kathe Kasten Charitable Remainder Tr consistently distributes more than its annual revenue, drawing down assets as expected for a remainder trust.
EIN: 206717722 · Wall, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $230K |
| Program Spending | 80% |
| Net Assets | $2.7M |
| Transparency Score | 70/100 |
Is Kathe Kasten Charitable Remainder Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kathe Kasten Charitable Remainder Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kathe Kasten Charitable Remainder Tr
Kathe Kasten Charitable Remainder Tr (EIN: 206717722) is a nonprofit organization based in Wall, NJ, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kathe Kasten Charitable Remainder Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kathe Kasten Charitable Remainder Tr is a mid-size 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 -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $108K |
| Total Expenses | $230K |
| Surplus / Deficit | $-121,808 |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | -112.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 143.0 months |
Financial Health Grade: B
In 2023, Kathe Kasten Charitable Remainder Tr reported a deficit of $122K with expenses exceeding revenue, holds 143.0 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 (2011–2023), Kathe Kasten Charitable Remainder Tr's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +307.3% | -21.4% | -4.3% |
| 2022 | -93.0% | +6.0% | -8.5% |
| 2020 | -154.9% | +7.5% | -9.5% |
| 2019 | +37.1% | -17.3% | -5.9% |
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 Kathe Kasten Charitable Remainder Tr with a Mission Score of 70 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Kathe Kasten Charitable Remainder Tr allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 $122K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating no salaries are paid to executives, which is common for a charitable remainder trust managed by a trustee or financial institution.
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 Kathe Kasten Charitable Remainder Tr's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) in most recent periods, though expected for this type of entity.
- Lack of detailed program service expense breakdown, typical for a trust rather than an operating charity.
Strengths
The following positive indicators were identified for Kathe Kasten Charitable Remainder Tr:
- Zero officer compensation reported across all filings, indicating no executive salary burden.
- Minimal liabilities ($1 reported consistently), suggesting sound financial management of obligations.
- High transparency regarding executive compensation and liabilities.
Frequently Asked Questions about Kathe Kasten Charitable Remainder Tr
Is Kathe Kasten Charitable Remainder Tr a legitimate charity?
Kathe Kasten Charitable Remainder Tr (EIN: 206717722) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Kathe Kasten Charitable Remainder Tr spend its money?
Kathe Kasten Charitable Remainder Tr directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Kathe Kasten Charitable Remainder Tr tax-deductible?
Kathe Kasten Charitable Remainder Tr is registered as a tax-exempt nonprofit (EIN: 206717722). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Kathe Kasten Charitable Remainder Tr compare to similar nonprofits?
With a transparency score of 70/100 (Good), Kathe Kasten Charitable Remainder Tr is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kathe Kasten Charitable Remainder Tr located?
Kathe Kasten Charitable Remainder Tr is headquartered in Wall, New Jersey and files with the IRS under EIN 206717722. It is classified under NTEE code T20.
How many years of IRS 990 filings does Kathe Kasten Charitable Remainder Tr have?
Kathe Kasten Charitable Remainder Tr 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 $1.1M in total revenue.
What is the primary purpose of Kathe Kasten Charitable Remainder Tr?
As a charitable remainder trust, its primary purpose is to provide income to non-charitable beneficiaries for a specified term, after which the remaining assets are distributed to a designated charity.
Why do expenses consistently exceed revenue in recent years?
This is typical for a charitable remainder trust, as expenses include distributions to beneficiaries and administrative costs, which often exceed the annual investment income generated, leading to a gradual reduction in the trust's principal assets.
Is the decline in assets a concern?
The decline in assets from $3,695,022 in 2011 to $2,743,859 in 2023 is expected for a charitable remainder trust, as it is designed to make distributions from its principal over time.
Filing History
IRS 990 filing history for Kathe Kasten Charitable Remainder Tr showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Kathe Kasten Charitable Remainder Tr's revenue has declined by 49.1%, moving from $213K to $108K. Total assets decreased by 25.7% over the same period, from $3.7M to $2.7M. Total functional expenses fell by 20.3%, from $289K to $230K. In its most recent filing year (2023), Kathe Kasten Charitable Remainder Tr reported a deficit of $122K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $108K | $230K | $2.7M | $1 | — | View 990 |
| 2022 | $27K | $293K | $2.9M | $1 | — | View 990 |
| 2021 | $379K | $276K | $3.1M | $1 | — | — |
| 2020 | $-53,096 | $264K | $3.0M | $1 | — | — |
| 2019 | $97K | $246K | $3.3M | $1 | — | View 990 |
| 2015 | $71K | $297K | $3.6M | $1 | — | View 990 |
| 2014 | $583K | $286K | $3.8M | $1 | — | View 990 |
| 2013 | $188K | $269K | $3.5M | $1 | — | View 990 |
| 2012 | $173K | $268K | $3.6M | $1 | — | View 990 |
| 2011 | $213K | $289K | $3.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $108K, expenses of $230K, and assets of $2.7M (revenue +307.3% year-over-year).
- 2022: Revenue of $27K, expenses of $293K, and assets of $2.9M (revenue -93.0% year-over-year).
- 2021: Revenue of $379K, expenses of $276K, and assets of $3.1M.
- 2020: Revenue of $-53,096, expenses of $264K, and assets of $3.0M (revenue -154.9% year-over-year).
- 2019: Revenue of $97K, expenses of $246K, and assets of $3.3M (revenue +37.1% year-over-year).
- 2015: Revenue of $71K, expenses of $297K, and assets of $3.6M (revenue -87.9% year-over-year).
- 2014: Revenue of $583K, expenses of $286K, and assets of $3.8M (revenue +209.6% year-over-year).
- 2013: Revenue of $188K, expenses of $269K, and assets of $3.5M (revenue +8.7% year-over-year).
- 2012: Revenue of $173K, expenses of $268K, and assets of $3.6M (revenue -18.6% year-over-year).
- 2011: Revenue of $213K, expenses of $289K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kathe Kasten Charitable Remainder Tr:
Data Sources and Methodology
This transparency report for Kathe Kasten Charitable Remainder Tr 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.