Ronald G Casty Family Foundation

Ronald G Casty Family Foundation maintains over $1.2 million in assets with no reported officer compensation.

EIN: 202003598 · Newton Center, MA · NTEE: T22 · Updated: 2026-03-28

$317KRevenue

$1.3MAssets

90/100Mission Score (Excellent)

T22

About Ronald G Casty Family Foundation

Ronald G Casty Family Foundation (EIN: 202003598) is a nonprofit organization based in Newton Center, MA, classified under NTEE code T22. The organization reported total revenue of $317K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ronald G Casty Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Ronald G Casty Family Foundation demonstrates consistent financial stability with assets generally exceeding $1 million, reaching $1,289,956 in its latest filing. The organization's revenue has fluctuated significantly over the years, from a high of $1,155,229 in 2015 to a low of negative revenue in 2019. However, recent years show more stable revenue generation, with $264,369 in 2023 and $276,608 in 2022. Expenses have also varied, but the foundation has generally managed to keep them in line with or below revenue in recent periods, such as 2023 where expenses were $258,536 against $264,369 in revenue.

The foundation's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, indicating that all funds are directed towards its mission rather than executive salaries. The NTEE code T22 suggests a focus on philanthropic organizations, grantmaking, and giving, which aligns with a family foundation model. The low liabilities, often reported as $1 or $0, further underscore a healthy balance sheet and responsible financial management.

Transparency is high, as evidenced by the consistent filing of IRS Form 990s over a decade, providing a clear historical financial picture. The absence of officer compensation is a significant positive indicator of the foundation's commitment to maximizing its charitable impact. While the specific breakdown of program, administrative, and fundraising expenses isn't directly provided in the summary data, the lack of officer compensation suggests a lean operational structure, likely favoring program spending.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ronald G Casty Family Foundation with a Mission Score of 90 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: 5%
programs: 95%
fundraising: 0%

According to IRS 990 filings, Ronald G Casty Family Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly commendable for an organization of its size with over $1.2 million in assets.

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.

Strengths

The following positive indicators were identified for Ronald G Casty Family Foundation:

Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Strong asset base, currently $1,289,956, providing financial stability.
Minimal liabilities, often reported as $1 or $0, reflecting sound financial management.
Consistent IRS 990 filing history, demonstrating transparency.
Expenses generally managed well relative to revenue in recent periods, such as 2023 where expenses were $258,536 against $264,369 in revenue.

Frequently Asked Questions about Ronald G Casty Family Foundation

Is the Ronald G Casty Family Foundation a good charity?

Based on the available data, the Ronald G Casty Family Foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains a healthy asset base (currently $1,289,956), and has minimal liabilities, indicating strong financial health and a commitment to directing funds towards its mission.

How has the foundation's revenue trended over time?

The foundation's revenue has shown significant fluctuations, from a high of $1,155,229 in 2015 to a negative revenue in 2019. However, in recent years (2022-2023), revenue has stabilized around $260,000 - $270,000, such as $264,369 in 2023 and $276,608 in 2022.

What is the foundation's approach to executive compensation?

The Ronald G Casty Family Foundation reports 0% officer compensation in all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-driven leadership or that compensation is covered by other means, maximizing funds for charitable activities.

Filing History

IRS 990 filing history for Ronald G Casty Family Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Ronald G Casty Family Foundation's revenue has declined by 65.6%, moving from $768K to $264K. Total assets decreased by 46.2% over the same period, from $2.3M to $1.2M. Total functional expenses fell by 67.2%, from $787K to $259K. In its most recent filing year (2023), Ronald G Casty Family Foundation reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$264K	$259K	$1.2M	$1	—	—
2022	$277K	$263K	$1.2M	$1	—	View 990
2021	$106K	$222K	$1.2M	$1	—	View 990
2020	$147K	$200K	$1.3M	$1	—	—
2019	$-141	$278K	$1.4M	$0	—	View 990
2015	$1.2M	$435K	$1.8M	$0	—	View 990
2014	$346K	$798K	$1.1M	$28K	—	View 990
2013	$228K	$626K	$1.3M	$1	—	View 990
2012	$138K	$705K	$1.7M	$1	—	View 990
2011	$768K	$787K	$2.3M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $264K, expenses of $259K, and assets of $1.2M (revenue -4.4% year-over-year).
2022: Revenue of $277K, expenses of $263K, and assets of $1.2M (revenue +162.0% year-over-year).
2021: Revenue of $106K, expenses of $222K, and assets of $1.2M (revenue -28.3% year-over-year).
2020: Revenue of $147K, expenses of $200K, and assets of $1.3M.
2019: Revenue of $-141, expenses of $278K, and assets of $1.4M (revenue -100.0% year-over-year).
2015: Revenue of $1.2M, expenses of $435K, and assets of $1.8M (revenue +234.0% year-over-year).
2014: Revenue of $346K, expenses of $798K, and assets of $1.1M (revenue +51.8% year-over-year).
2013: Revenue of $228K, expenses of $626K, and assets of $1.3M (revenue +65.5% year-over-year).
2012: Revenue of $138K, expenses of $705K, and assets of $1.7M (revenue -82.1% year-over-year).
2011: Revenue of $768K, expenses of $787K, and assets of $2.3M.

Data Sources and Methodology

This transparency report for Ronald G Casty 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.