Re Corr Family Foundation
EIN: 823638567 · Wilmington, DE · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $463K |
| Total Expenses | $46K |
| Net Assets | $555K |
Is Re Corr 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 Re Corr Family Foundation
Re Corr Family Foundation (EIN: 823638567) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $463K and total assets of $538K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Re Corr Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Re Corr Family Foundation is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -42.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12K |
| Total Expenses | $46K |
| Surplus / Deficit | $-33,595 |
| Total Assets | $555K |
| Total Liabilities | $1 |
| Net Assets | $555K |
| Operating Margin | -280.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 146.0 months |
Financial Health Grade: B
In 2023, Re Corr Family Foundation reported a deficit of $34K with expenses exceeding revenue, holds 146.0 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), Re Corr Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -42.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.7% | -47.5% | -5.7% |
| 2022 | -89.0% | +68.5% | -8.1% |
| 2021 | +162.6% | -5.9% | +71.4% |
| 2020 | +8.5% | +4.6% | +21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Re Corr 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 Re Corr 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 $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Re Corr Family Foundation
Is Re Corr Family Foundation a legitimate charity?
Re Corr Family Foundation (EIN: 823638567) is a registered tax-exempt nonprofit based in Delaware. It has 5 years of IRS 990 filings on record. Total revenue: $463K. No red flags identified. Financial health grade: B.
How does Re Corr Family Foundation spend its money?
Re Corr Family Foundation reported $463K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Re Corr Family Foundation tax-deductible?
Re Corr Family Foundation is registered as a tax-exempt nonprofit (EIN: 823638567). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Re Corr Family Foundation located?
Re Corr Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 823638567. It is classified under NTEE code T20.
How many years of IRS 990 filings does Re Corr Family Foundation have?
Re Corr Family Foundation has 5 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 $463K in total revenue.
Filing History
IRS 990 filing history for Re Corr Family Foundation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Re Corr Family Foundation's revenue has declined by 89.3%, moving from $112K to $12K. Total assets increased by 80.6% over the same period, from $307K to $555K. Total functional expenses fell by 13%, from $52K to $46K. In its most recent filing year (2023), Re Corr Family Foundation reported a deficit of $34K, with expenses exceeding revenue. The organization holds $1 in liabilities against $555K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $555K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12K | $46K | $555K | $1 | — | — |
| 2022 | $35K | $87K | $588K | $1 | — | View 990 |
| 2021 | $318K | $52K | $640K | $1 | — | — |
| 2020 | $121K | $55K | $373K | $1 | — | View 990 |
| 2019 | $112K | $52K | $307K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12K, expenses of $46K, and assets of $555K (revenue -65.7% year-over-year).
- 2022: Revenue of $35K, expenses of $87K, and assets of $588K (revenue -89.0% year-over-year).
- 2021: Revenue of $318K, expenses of $52K, and assets of $640K (revenue +162.6% year-over-year).
- 2020: Revenue of $121K, expenses of $55K, and assets of $373K (revenue +8.5% year-over-year).
- 2019: Revenue of $112K, expenses of $52K, and assets of $307K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Re Corr Family Foundation:
Data Sources and Methodology
This transparency report for Re Corr 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.