Louis J Mascaro Foundation Inc
EIN: 822800196 · Audubon, PA · NTEE: T22
Is Louis J Mascaro Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Louis J Mascaro Foundation Inc
Louis J Mascaro Foundation Inc (EIN: 822800196) is a nonprofit organization based in Audubon, PA, classified under NTEE code T22. The organization reported total revenue of $1.4M and total assets of $46.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis J Mascaro Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louis J Mascaro Foundation Inc is a mid-size nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 141.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$40.9M |
| Total Assets | $45.6M |
| Total Liabilities | $300 |
| Net Assets | $45.6M |
| Operating Margin | 96.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 420.7 months |
Financial Health Grade: A
In 2023, Louis J Mascaro Foundation Inc reported a surplus of $40.9M with revenue exceeding expenses, holds 420.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Louis J Mascaro Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 141.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8744.2% | +299.6% | +868.5% |
| 2022 | -20.8% | +53.2% | +3.3% |
| 2021 | -70.1% | +33.5% | +9.4% |
| 2020 | +61.2% | +2448.0% | +80.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Louis J Mascaro Foundation Inc 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 Louis J Mascaro Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Louis J Mascaro Foundation Inc
Is Louis J Mascaro Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louis J Mascaro Foundation Inc (EIN: 822800196) insufficient data. 0 red flags identified, 0 strengths noted.
How does Louis J Mascaro Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Louis J Mascaro Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Louis J Mascaro Foundation Inc tax-deductible?
Louis J Mascaro Foundation Inc is registered as a tax-exempt nonprofit (EIN: 822800196). 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 Louis J Mascaro Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Louis J Mascaro Foundation Inc's revenue has grown by 3275.8%, moving from $1.3M to $42.2M. Total assets increased by 1873.1% over the same period, from $2.3M to $45.6M. Total functional expenses rose by 20711.4%, from $6K to $1.3M. In its most recent filing year (2023), Louis J Mascaro Foundation Inc reported a surplus of $40.9M, with revenue exceeding expenses. The organization holds $300 in liabilities against $45.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $45.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42.2M | $1.3M | $45.6M | $300 | — | View 990 |
| 2022 | $477K | $326K | $4.7M | $1 | — | View 990 |
| 2021 | $603K | $213K | $4.6M | $1 | — | — |
| 2020 | $2.0M | $159K | $4.2M | $1 | — | — |
| 2019 | $1.3M | $6K | $2.3M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42.2M, expenses of $1.3M, and assets of $45.6M (revenue +8744.2% year-over-year).
- 2022: Revenue of $477K, expenses of $326K, and assets of $4.7M (revenue -20.8% year-over-year).
- 2021: Revenue of $603K, expenses of $213K, and assets of $4.6M (revenue -70.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $159K, and assets of $4.2M (revenue +61.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $6K, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Louis J Mascaro 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.