Mitchell & Kathy Racoosin Family Foundation
EIN: 527055720 · Mclean, VA · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $173K |
| Net Assets | $385K |
Is Mitchell & Kathy Racoosin Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mitchell & Kathy Racoosin Family Foundation
Mitchell & Kathy Racoosin Family Foundation (EIN: 527055720) is a nonprofit organization based in Mclean, VA, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mitchell & Kathy Racoosin Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mitchell & Kathy Racoosin Family Foundation 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 -11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $173K |
| Surplus / Deficit | $-122,704 |
| Total Assets | $406K |
| Total Liabilities | $21K |
| Net Assets | $385K |
| Operating Margin | -244.4% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 28.2 months |
Financial Health Grade: B
In 2023, Mitchell & Kathy Racoosin Family Foundation reported a deficit of $123K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mitchell & Kathy Racoosin Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +301.4% | -29.0% | -18.6% |
| 2022 | -96.9% | +19.4% | -30.8% |
| 2021 | +153.3% | +41.0% | +40.7% |
| 2020 | +944.7% | -9.8% | +1.3% |
| 2019 | -11.4% | +69.3% | -2.5% |
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 Analysis Pending
AI enrichment for Mitchell & Kathy Racoosin Family Foundation 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 Mitchell & Kathy Racoosin Family Foundation 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 deficit of $123K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.1%.
Frequently Asked Questions about Mitchell & Kathy Racoosin Family Foundation
Is Mitchell & Kathy Racoosin Family Foundation a legitimate charity?
Mitchell & Kathy Racoosin Family Foundation (EIN: 527055720) is a registered tax-exempt nonprofit based in Virginia. It has 10 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: B.
How does Mitchell & Kathy Racoosin Family Foundation spend its money?
Mitchell & Kathy Racoosin Family Foundation reported $1.1M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mitchell & Kathy Racoosin Family Foundation tax-deductible?
Mitchell & Kathy Racoosin Family Foundation is registered as a tax-exempt nonprofit (EIN: 527055720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mitchell & Kathy Racoosin Family Foundation located?
Mitchell & Kathy Racoosin Family Foundation is headquartered in Mclean, Virginia and files with the IRS under EIN 527055720. It is classified under NTEE code T20.
How many years of IRS 990 filings does Mitchell & Kathy Racoosin Family Foundation have?
Mitchell & Kathy Racoosin Family 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Mitchell & Kathy Racoosin Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mitchell & Kathy Racoosin Family Foundation's revenue has declined by 76.3%, moving from $212K to $50K. Total assets decreased by 41.2% over the same period, from $690K to $406K. Total functional expenses rose by 174.2%, from $63K to $173K. In its most recent filing year (2023), Mitchell & Kathy Racoosin Family Foundation reported a deficit of $123K, with expenses exceeding revenue. The organization holds $21K in liabilities against $406K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $385K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $173K | $406K | $21K | — | — |
| 2022 | $13K | $243K | $499K | $26K | — | View 990 |
| 2021 | $407K | $204K | $721K | $26K | — | View 990 |
| 2020 | $161K | $145K | $512K | $6K | — | View 990 |
| 2019 | $15K | $160K | $505K | $6K | — | — |
| 2015 | $17K | $95K | $518K | $1 | — | View 990 |
| 2014 | $93K | $89K | $596K | $0 | — | View 990 |
| 2013 | $43K | $63K | $591K | $0 | — | View 990 |
| 2012 | $5K | $84K | $611K | $0 | — | View 990 |
| 2011 | $212K | $63K | $690K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $173K, and assets of $406K (revenue +301.4% year-over-year).
- 2022: Revenue of $13K, expenses of $243K, and assets of $499K (revenue -96.9% year-over-year).
- 2021: Revenue of $407K, expenses of $204K, and assets of $721K (revenue +153.3% year-over-year).
- 2020: Revenue of $161K, expenses of $145K, and assets of $512K (revenue +944.7% year-over-year).
- 2019: Revenue of $15K, expenses of $160K, and assets of $505K (revenue -11.4% year-over-year).
- 2015: Revenue of $17K, expenses of $95K, and assets of $518K (revenue -81.4% year-over-year).
- 2014: Revenue of $93K, expenses of $89K, and assets of $596K (revenue +116.3% year-over-year).
- 2013: Revenue of $43K, expenses of $63K, and assets of $591K (revenue +760.7% year-over-year).
- 2012: Revenue of $5K, expenses of $84K, and assets of $611K (revenue -97.6% year-over-year).
- 2011: Revenue of $212K, expenses of $63K, and assets of $690K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mitchell & Kathy Racoosin Family Foundation:
Data Sources and Methodology
This transparency report for Mitchell & Kathy Racoosin Family 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.