Michael And Shirley Cayre Foundation Inc
Michael And Shirley Cayre Foundation reports significant deficit and liabilities exceeding assets in 2023.
EIN: 134109353 · New York, NY · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| Net Assets | $-76,398 |
| Transparency Score | 65/100 |
Is Michael And Shirley 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 →
Michael And Shirley Cayre Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael And Shirley Cayre Foundation Inc
Michael And Shirley Cayre Foundation Inc (EIN: 134109353) is a nonprofit organization based in New York, NY, classified under NTEE code T22. The organization reported total revenue of $1.9M and total assets of $564K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael And Shirley Cayre Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael And Shirley Cayre Foundation Inc is a mid-size nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-1,376,790 |
| Total Assets | $564K |
| Total Liabilities | $641K |
| Net Assets | $-76,398 |
| Operating Margin | -134.0% |
| Debt-to-Asset Ratio | 113.5% |
| Months of Reserves | 2.8 months |
Financial Health Grade: D
In 2023, Michael And Shirley Cayre Foundation Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 113.5% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Michael And Shirley Cayre Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -75.1% | -33.2% | -65.9% |
| 2022 | +1189.8% | +1885.1% | +113.9% |
| 2021 | +962.4% | +414.3% | +20.7% |
| 2020 | -97.7% | -97.3% | +0.6% |
| 2019 | +62.0% | +54.5% | +57.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Michael And Shirley Cayre Foundation Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Michael And Shirley Cayre Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, directors, or trustees, which is highly favorable for donor perception.
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 Michael And Shirley Cayre Foundation Inc's IRS 990 filings:
- Significant deficit in 2023 ($1,376,790, where expenses exceeded revenue)
- Liabilities ($640,641) exceeded assets ($564,243) in 2023
- Highly volatile revenue and expense patterns year-over-year
- Consistent deficits in multiple years (e.g., 2023, 2014, 2013, 2012, 2011)
Strengths
The following positive indicators were identified for Michael And Shirley Cayre Foundation Inc:
- 0% officer compensation reported across all filings, indicating no executive pay
- Significant revenue generation in some years (e.g., $4,128,821 in 2022)
- Maintains a consistent asset base, despite fluctuations, over the long term
Frequently Asked Questions about Michael And Shirley Cayre Foundation Inc
Is Michael And Shirley Cayre Foundation Inc a legitimate charity?
Michael And Shirley Cayre Foundation Inc (EIN: 134109353) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.9M. 4 red flags identified. 3 strengths noted. Financial health grade: D.
How does Michael And Shirley Cayre Foundation Inc spend its money?
Michael And Shirley Cayre Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Michael And Shirley Cayre Foundation Inc tax-deductible?
Michael And Shirley Cayre Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134109353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Michael And Shirley Cayre Foundation Inc's spending goes to programs?
Michael And Shirley Cayre Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Michael And Shirley Cayre Foundation Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Michael And Shirley Cayre Foundation Inc 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 Michael And Shirley Cayre Foundation Inc located?
Michael And Shirley Cayre Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 134109353. It is classified under NTEE code T22.
How many years of IRS 990 filings does Michael And Shirley Cayre Foundation Inc have?
Michael And Shirley 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 $1.9M in total revenue.
Is Michael And Shirley Cayre Foundation Inc financially stable?
The foundation's financial stability appears inconsistent. In 2023, expenses ($2,404,140) significantly exceeded revenue ($1,027,350), and liabilities ($640,641) surpassed assets ($564,243), indicating a challenging financial position for that year. However, 2022 showed a surplus.
What caused the large increase in liabilities in 2023?
The filings show liabilities increased from $353,194 in 2022 to $640,641 in 2023. Without more detailed financial statements, the specific causes for this substantial increase cannot be determined from the provided 990 summary data.
How does the foundation fund its operations given the deficits?
The foundation has experienced deficits in multiple years (e.g., 2023, 2014, 2013). It likely relies on prior year surpluses, asset liquidation, or future contributions to cover these shortfalls, as seen with the significant revenue in 2022 that could have offset some later deficits.
Filing History
IRS 990 filing history for Michael And Shirley Cayre Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael And Shirley Cayre Foundation Inc's revenue has grown by 791.4%, moving from $115K to $1.0M. Total assets decreased by 30.7% over the same period, from $815K to $564K. Total functional expenses rose by 885%, from $244K to $2.4M. In its most recent filing year (2023), Michael And Shirley Cayre Foundation Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $641K in liabilities against $564K in assets (debt-to-asset ratio: 113.5%), resulting in net assets of $-76,398.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $2.4M | $564K | $641K | — | View 990 |
| 2022 | $4.1M | $3.6M | $1.7M | $353K | — | View 990 |
| 2021 | $320K | $181K | $773K | $5K | — | View 990 |
| 2020 | $30K | $35K | $640K | $11K | — | View 990 |
| 2019 | $1.3M | $1.3M | $637K | $3K | — | View 990 |
| 2015 | $822K | $833K | $404K | $200 | — | View 990 |
| 2014 | $550K | $681K | $415K | $200 | — | View 990 |
| 2013 | $533K | $670K | $543K | $200 | — | View 990 |
| 2012 | $63K | $175K | $679K | $200 | — | View 990 |
| 2011 | $115K | $244K | $815K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $2.4M, and assets of $564K (revenue -75.1% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.6M, and assets of $1.7M (revenue +1189.8% year-over-year).
- 2021: Revenue of $320K, expenses of $181K, and assets of $773K (revenue +962.4% year-over-year).
- 2020: Revenue of $30K, expenses of $35K, and assets of $640K (revenue -97.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $637K (revenue +62.0% year-over-year).
- 2015: Revenue of $822K, expenses of $833K, and assets of $404K (revenue +49.3% year-over-year).
- 2014: Revenue of $550K, expenses of $681K, and assets of $415K (revenue +3.2% year-over-year).
- 2013: Revenue of $533K, expenses of $670K, and assets of $543K (revenue +753.2% year-over-year).
- 2012: Revenue of $63K, expenses of $175K, and assets of $679K (revenue -45.7% year-over-year).
- 2011: Revenue of $115K, expenses of $244K, and assets of $815K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael And Shirley Cayre Foundation Inc:
Data Sources and Methodology
This transparency report for Michael And Shirley 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.