Michael J Casteix Foundation
Michael J Casteix Foundation operates with minimal revenue and expenses, maintaining a small asset base.
EIN: 206573865 · New Orleans, LA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1K |
| Total Expenses | $218 |
| Program Spending | 80% |
| Net Assets | $22K |
| Transparency Score | 60/100 |
Is Michael J Casteix Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael J Casteix Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael J Casteix Foundation
Michael J Casteix Foundation (EIN: 206573865) is a nonprofit organization based in New Orleans, LA, classified under NTEE code T22. The organization reported total revenue of $1K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael J Casteix Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael J Casteix Foundation is a micro nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $218 |
| Surplus / Deficit | +$1K |
| Total Assets | $22K |
| Total Liabilities | $1 |
| Net Assets | $22K |
| Operating Margin | 82.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1197.2 months |
Financial Health Grade: A
In 2023, Michael J Casteix Foundation reported a surplus of $1K with revenue exceeding expenses, holds 1197.2 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), Michael J Casteix Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.1% | +5.8% | -1.3% |
| 2022 | -1.6% | -38.0% | -21.5% |
| 2021 | +70.8% | -68.6% | +13.5% |
| 2020 | -1.5% | -31.8% | +1.1% |
| 2019 | +82.4% | -31.3% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 J Casteix Foundation with a Mission Score of 60 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, Michael J Casteix Foundation 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 surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is unpaid, which is positive for a small nonprofit.
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 J Casteix Foundation's IRS 990 filings:
- Extremely low revenue and expenses, raising questions about program impact and activity level.
- Consistent net losses in earlier years (e.g., 2015-2019), though more recent years show small surpluses.
Strengths
The following positive indicators were identified for Michael J Casteix Foundation:
- No officer compensation reported, indicating volunteer leadership.
- Maintains a positive asset balance despite low revenue.
- Consistent IRS 990 filing history demonstrates compliance.
Frequently Asked Questions about Michael J Casteix Foundation
Is Michael J Casteix Foundation a legitimate charity?
Michael J Casteix Foundation (EIN: 206573865) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $1K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Michael J Casteix Foundation spend its money?
Michael J Casteix Foundation directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Michael J Casteix Foundation tax-deductible?
Michael J Casteix Foundation is registered as a tax-exempt nonprofit (EIN: 206573865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Michael J Casteix Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Michael J Casteix 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 Michael J Casteix Foundation located?
Michael J Casteix Foundation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 206573865. It is classified under NTEE code T22.
How many years of IRS 990 filings does Michael J Casteix Foundation have?
Michael J Casteix 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 $1K in total revenue.
What specific programs does the Michael J Casteix Foundation operate given its minimal expenses?
With expenses often below $500 annually (e.g., $218 in 2023, $206 in 2022), the foundation's program activities are likely very limited in scope or involve extremely low-cost initiatives. The 990-EZ/N filings do not provide detailed program descriptions.
How does the foundation sustain itself with such low revenue?
The foundation's revenue has consistently been very low, often less than $2,000 annually. It appears to sustain itself by keeping expenses extremely low, often below its revenue, allowing it to maintain a small asset base (e.g., $22,910 in assets vs. $1,416 latest revenue).
Is the Michael J Casteix Foundation actively fundraising?
Given the consistently low revenue figures and minimal expenses, there is no indication of significant active fundraising efforts. The financial data suggests a very passive or limited approach to revenue generation.
Filing History
IRS 990 filing history for Michael J Casteix Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael J Casteix Foundation's revenue has grown by 105.8%, moving from $601 to $1K. Total assets decreased by 30.7% over the same period, from $31K to $22K. Total functional expenses fell by 78.2%, from $1K to $218. In its most recent filing year (2023), Michael J Casteix Foundation reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1 in liabilities against $22K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $218 | $22K | $1 | — | — |
| 2022 | $2K | $206 | $22K | $1 | — | View 990 |
| 2021 | $2K | $332 | $28K | $1 | — | — |
| 2020 | $983 | $1K | $25K | $1 | — | — |
| 2019 | $998 | $2K | $24K | $1 | — | View 990 |
| 2015 | $547 | $2K | $25K | $0 | — | View 990 |
| 2014 | $553 | $1K | $27K | $0 | — | View 990 |
| 2013 | $580 | $1K | $28K | $0 | — | View 990 |
| 2012 | $0 | $3K | $29K | $0 | — | View 990 |
| 2011 | $601 | $1K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1K, expenses of $218, and assets of $22K (revenue -25.1% year-over-year).
- 2022: Revenue of $2K, expenses of $206, and assets of $22K (revenue -1.6% year-over-year).
- 2021: Revenue of $2K, expenses of $332, and assets of $28K (revenue +70.8% year-over-year).
- 2020: Revenue of $983, expenses of $1K, and assets of $25K (revenue -1.5% year-over-year).
- 2019: Revenue of $998, expenses of $2K, and assets of $24K (revenue +82.4% year-over-year).
- 2015: Revenue of $547, expenses of $2K, and assets of $25K (revenue -1.1% year-over-year).
- 2014: Revenue of $553, expenses of $1K, and assets of $27K (revenue -4.7% year-over-year).
- 2013: Revenue of $580, expenses of $1K, and assets of $28K.
- 2012: Revenue of $0, expenses of $3K, and assets of $29K (revenue -100.0% year-over-year).
- 2011: Revenue of $601, expenses of $1K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael J Casteix Foundation:
Data Sources and Methodology
This transparency report for Michael J Casteix 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.