Louis J Casale Jr Charitable Foundation Inc
Louis J Casale Jr Charitable Foundation consistently distributes nearly all revenue with no executive compensation.
EIN: 201079468 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Louis J Casale Jr Charitable Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louis J Casale Jr Charitable Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louis J Casale Jr Charitable Foundation Inc
Louis J Casale Jr Charitable Foundation Inc (EIN: 201079468) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $251K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis J Casale Jr Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louis J Casale Jr Charitable Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 43.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $316K |
| Total Expenses | $253K |
| Surplus / Deficit | +$63K |
| Total Assets | $36K |
| Total Liabilities | $1 |
| Net Assets | $36K |
| Operating Margin | 20.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1.7 months |
Financial Health Grade: A
In 2023, Louis J Casale Jr Charitable Foundation Inc reported a surplus of $63K with revenue exceeding expenses, holds 1.7 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), Louis J Casale Jr Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 43.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.1% | +2.0% | -4.5% |
| 2022 | -0.2% | +0.2% | +7.8% |
| 2021 | +0.1% | +2.7% | +11.8% |
| 2020 | +0.2% | -4.7% | +45.2% |
| 2019 | +4067.9% | +3818.7% | +425.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Louis J Casale Jr Charitable Foundation Inc 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Louis J Casale Jr Charitable Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $63K, 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. This is a significant positive for a small organization, ensuring that all funds are directed towards its charitable mission.
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 Louis J Casale Jr Charitable Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication of funds to mission.
- Expenses consistently close to revenue, suggesting active distribution of funds rather than accumulation.
- Minimal liabilities across all filing periods, indicating strong financial health and no significant debt.
- Stable revenue and expense patterns over the last five years, demonstrating predictable operations.
Frequently Asked Questions about Louis J Casale Jr Charitable Foundation Inc
Is Louis J Casale Jr Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louis J Casale Jr Charitable Foundation Inc (EIN: 201079468) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Louis J Casale Jr Charitable Foundation Inc spend its money?
Louis J Casale Jr Charitable Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Louis J Casale Jr Charitable Foundation Inc tax-deductible?
Louis J Casale Jr Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201079468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What specific programs or grants does the foundation support?
The provided data does not detail specific programs or grant recipients, only financial aggregates. Further investigation into their public disclosures or website would be needed to understand their specific charitable activities.
How does the foundation manage its administrative costs given 0% officer compensation?
With 0% officer compensation, administrative costs are likely covered by volunteer efforts, donated services, or minimal operational expenses not related to salaries. This suggests a highly efficient, lean operational model.
Filing History
IRS 990 filing history for Louis J Casale Jr Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louis J Casale Jr Charitable Foundation Inc's revenue has grown by 7800.7%, moving from $4K to $316K. Total assets increased by 382.7% over the same period, from $7K to $36K. Total functional expenses rose by 3844.3%, from $6K to $253K. In its most recent filing year (2023), Louis J Casale Jr Charitable Foundation Inc reported a surplus of $63K, with revenue exceeding expenses. The organization holds $1 in liabilities against $36K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $316K | $253K | $36K | $1 | — | View 990 |
| 2022 | $251K | $248K | $38K | $1 | — | View 990 |
| 2021 | $251K | $247K | $35K | $1 | — | View 990 |
| 2020 | $251K | $241K | $31K | $1 | — | View 990 |
| 2019 | $250K | $253K | $22K | $1 | — | View 990 |
| 2015 | $6K | $6K | $4K | $1 | — | View 990 |
| 2014 | $0 | $6K | $5K | $0 | — | View 990 |
| 2013 | $5K | $4K | $10K | $0 | — | View 990 |
| 2012 | $5K | $3K | $9K | $0 | — | View 990 |
| 2011 | $4K | $6K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $316K, expenses of $253K, and assets of $36K (revenue +26.1% year-over-year).
- 2022: Revenue of $251K, expenses of $248K, and assets of $38K (revenue -0.2% year-over-year).
- 2021: Revenue of $251K, expenses of $247K, and assets of $35K (revenue +0.1% year-over-year).
- 2020: Revenue of $251K, expenses of $241K, and assets of $31K (revenue +0.2% year-over-year).
- 2019: Revenue of $250K, expenses of $253K, and assets of $22K (revenue +4067.9% year-over-year).
- 2015: Revenue of $6K, expenses of $6K, and assets of $4K.
- 2014: Revenue of $0, expenses of $6K, and assets of $5K (revenue -100.0% year-over-year).
- 2013: Revenue of $5K, expenses of $4K, and assets of $10K (revenue +0.0% year-over-year).
- 2012: Revenue of $5K, expenses of $3K, and assets of $9K (revenue +25.0% year-over-year).
- 2011: Revenue of $4K, expenses of $6K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louis J Casale Jr Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Louis J Casale Jr Charitable 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.