Procaccianti Family Foundation
Procaccianti Family Foundation shows fluctuating revenue and expenses, with no officer compensation reported.
EIN: 202620504 · Cranston, RI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $6K |
| Program Spending | 100% |
| Net Assets | $9K |
| Transparency Score | 85/100 |
Is Procaccianti Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Procaccianti Family Foundation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Procaccianti Family Foundation
Procaccianti Family Foundation (EIN: 202620504) is a nonprofit organization based in Cranston, RI, classified under NTEE code T22. The organization reported total revenue of $10K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Procaccianti Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Procaccianti Family Foundation is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 116.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $6K |
| Surplus / Deficit | +$5K |
| Total Assets | $9K |
| Total Liabilities | $1 |
| Net Assets | $9K |
| Operating Margin | 47.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 20.0 months |
Financial Health Grade: A
In 2024, Procaccianti Family Foundation reported a surplus of $5K with revenue exceeding expenses, holds 20.0 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 (2012–2024), Procaccianti Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 116.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -49.1% | -83.4% | +114.0% |
| 2023 | -86.4% | -80.5% | -74.9% |
| 2022 | +5265.6% | +8204.9% | -54.2% |
| 2021 | -96.3% | -97.1% | +2.0% |
| 2020 | +7557200.0% | — | +1437.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Procaccianti Family Foundation with a Mission Score of 85 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Procaccianti Family Foundation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, 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 no salaries are paid to its executives, which is common for small family foundations and contributes to a high program spending ratio.
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 Procaccianti Family Foundation's IRS 990 filings:
- Significant year-over-year revenue and expense volatility, making consistent financial planning difficult.
Strengths
The following positive indicators were identified for Procaccianti Family Foundation:
- Zero officer compensation, ensuring all expenses are directed towards the mission.
- Consistent reporting of minimal liabilities ($1), indicating a healthy balance sheet.
- Positive net assets maintained across all reported periods, demonstrating financial solvency.
Frequently Asked Questions about Procaccianti Family Foundation
Is Procaccianti Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Procaccianti Family Foundation (EIN: 202620504) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Procaccianti Family Foundation spend its money?
Procaccianti Family Foundation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Procaccianti Family Foundation tax-deductible?
Procaccianti Family Foundation is registered as a tax-exempt nonprofit (EIN: 202620504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Procaccianti Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Procaccianti Family 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 Procaccianti Family Foundation located?
Procaccianti Family Foundation is headquartered in Cranston, Rhode Island and files with the IRS under EIN 202620504. It is classified under NTEE code T22.
How many years of IRS 990 filings does Procaccianti Family Foundation have?
Procaccianti 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 $10K in total revenue.
What is the primary purpose of the Procaccianti Family Foundation?
Based on its NTEE code T22 (Private Grantmaking Foundations) and financial activity, its primary purpose is likely to make grants to other organizations or individuals, rather than direct program service delivery.
Why do revenue and expenses fluctuate so much year-to-year?
The significant fluctuations, such as $1 revenue for several years then $150,022 in 202203, suggest that the foundation may receive large, infrequent contributions or make grants in an irregular pattern, rather than having a steady operational budget.
Is the foundation financially stable given the asset fluctuations?
While assets have fluctuated, the foundation has consistently maintained positive assets and minimal liabilities ($1). Its ability to cover expenses in most periods, even with occasional deficits like in 202303, suggests a degree of stability, likely supported by its founders.
Filing History
IRS 990 filing history for Procaccianti Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Procaccianti Family Foundation's revenue has grown by 1038100%, moving from $1 to $10K. Total assets increased by 285.3% over the same period, from $2K to $9K. In its most recent filing year (2024), Procaccianti Family Foundation reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1 in liabilities against $9K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10K | $6K | $9K | $1 | — | View 990 |
| 2023 | $20K | $33K | $4K | $1 | — | View 990 |
| 2022 | $150K | $170K | $17K | $1 | — | — |
| 2021 | $3K | $2K | $37K | $1 | — | — |
| 2020 | $76K | $70K | $37K | $1 | — | View 990 |
| 2016 | $1 | $0 | $2K | $1 | — | View 990 |
| 2015 | $1 | $0 | $2K | $1 | — | View 990 |
| 2014 | $1 | $0 | $2K | $1 | — | View 990 |
| 2013 | $1 | $0 | $2K | $1 | — | View 990 |
| 2012 | $1 | $0 | $2K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10K, expenses of $6K, and assets of $9K (revenue -49.1% year-over-year).
- 2023: Revenue of $20K, expenses of $33K, and assets of $4K (revenue -86.4% year-over-year).
- 2022: Revenue of $150K, expenses of $170K, and assets of $17K (revenue +5265.6% year-over-year).
- 2021: Revenue of $3K, expenses of $2K, and assets of $37K (revenue -96.3% year-over-year).
- 2020: Revenue of $76K, expenses of $70K, and assets of $37K (revenue +7557200.0% year-over-year).
- 2016: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2015: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $2K (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Procaccianti Family Foundation:
Data Sources and Methodology
This transparency report for Procaccianti 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.