The Chase Family Foundation
The Chase Family Foundation: Consistent Spending, Limited Program Growth
EIN: 222743634 · Riverside, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $147K |
| Program Spending | 50% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $351K |
| Transparency Score | 45/100 |
Is The Chase Family Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Chase Family Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About The Chase Family Foundation
The Chase Family Foundation (EIN: 222743634) is a nonprofit organization based in Riverside, RI. The organization reported total revenue of $139K and total assets of $267K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Chase Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Chase Family Foundation is a small nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $147K |
| Surplus / Deficit | +$167K |
| Total Assets | $353K |
| Total Liabilities | $1K |
| Net Assets | $351K |
| Operating Margin | 53.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 28.9 months |
Financial Health Grade: A
In 2023, The Chase Family Foundation reported a surplus of $167K with revenue exceeding expenses, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Chase Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 29.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +83.7% | +85.5% |
| 2022 | +1320.1% | -7.9% | -1.6% |
| 2021 | -3.1% | -16.2% | -32.3% |
| 2020 | -60.9% | -20.8% | -15.6% |
| 2019 | -79.2% | +0.5% | +28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 The Chase Family Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 50%
- fundraising: 25%
According to IRS 990 filings, The Chase Family Foundation allocates its expenses as follows: admin: 25%, programs: 50%, fundraising: 25%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $167K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run operation.
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 The Chase Family Foundation's IRS 990 filings:
- Expenses frequently exceed revenue, raising questions about long-term sustainability without significant asset drawdowns or new funding sources.
- The lack of detailed program descriptions in available data makes it difficult to assess the impact of their program spending.
- Significant fluctuations in assets and expenses without clear explanations could indicate inconsistent operational planning.
Strengths
The following positive indicators were identified for The Chase Family Foundation:
- Consistent reporting of $0 executive compensation demonstrates a commitment to minimizing administrative overhead.
- The foundation has maintained operations over several years, indicating a dedicated volunteer base.
- Recent asset growth in 2023 to $352,637 suggests a potential for increased future program capacity.
Frequently Asked Questions about The Chase Family Foundation
Is The Chase Family Foundation a legitimate charity?
The Chase Family Foundation (EIN: 222743634) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $139K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Chase Family Foundation spend its money?
The Chase Family Foundation directs 50% of its spending to programs and services. Fundraising costs 25%. This falls below the 65% benchmark.
Are donations to The Chase Family Foundation tax-deductible?
The Chase Family Foundation is registered as a tax-exempt nonprofit (EIN: 222743634). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Chase Family Foundation CEO make?
The Chase Family Foundation's highest-compensated officer earns $0 annually. The organization reported $139K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Chase Family Foundation's spending goes to programs?
The Chase Family Foundation directs 50% to programs, 25% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is The Chase Family Foundation located?
The Chase Family Foundation is headquartered in Riverside, Rhode Island and files with the IRS under EIN 222743634.
How many years of IRS 990 filings does The Chase Family Foundation have?
The Chase 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 $139K in total revenue.
What does The Chase Family Foundation do?
The Chase Family Foundation is a nonprofit organization in the Unknown sector, located in Riverside, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does The Chase Family Foundation have?
The Chase Family Foundation reported total revenue of $139,283. Based on 10 IRS 990 filings on record.
What are The Chase Family Foundation's total assets?
The Chase Family Foundation holds total assets of $267,186 as reported in IRS 990 filings.
Where is The Chase Family Foundation located?
The Chase Family Foundation is based in Riverside, Rhode Island.
What is The Chase Family Foundation's EIN?
The Chase Family Foundation's Employer Identification Number (EIN) is 222743634. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Chase Family Foundation?
The Chase Family Foundation is classified under NTEE code Unknown (Unknown).
Is The Chase Family Foundation a registered 501(c)(3)?
The Chase Family Foundation appears in IRS records (EIN: 222743634). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Chase Family Foundation file IRS Form 990?
Yes, The Chase Family Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Chase Family Foundation's revenue in 2023?
In the 202312 filing period, The Chase Family Foundation reported total revenue of $313,509, total expenses of $146,594, and net assets of $352,637.
Is The Chase Family Foundation's revenue growing or declining?
The Chase Family Foundation's revenue is relatively stable. Revenue went from $322,582 (202212) to $313,509 (202312), a -2.8% change. Based on 10 filings on record.
What is The Chase Family Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for The Chase Family Foundation covers tax period 202312. It shows revenue of $313,509, expenses of $146,594, total assets of $352,637, and liabilities of $1,400.
How much does The Chase Family Foundation spend on programs vs administration?
Based on IRS 990 analysis, The Chase Family Foundation allocates approximately 50% of expenses to program services, 25% to administrative costs, and 25% to fundraising. Program spending is moderate relative to overhead.
Is The Chase Family Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, The Chase Family Foundation shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for The Chase Family Foundation?
The following concerns were identified: Expenses frequently exceed revenue, raising questions about long-term sustainability without significant asset drawdowns or new funding sources.. The lack of detailed program descriptions in available data makes it difficult to assess the impact of their program spending.. Significant fluctuations in assets and expenses without clear explanations could indicate inconsistent operational planning.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Chase Family Foundation's strengths?
Positive indicators for The Chase Family Foundation include: Consistent reporting of $0 executive compensation demonstrates a commitment to minimizing administrative overhead.. The foundation has maintained operations over several years, indicating a dedicated volunteer base.. Recent asset growth in 2023 to $352,637 suggests a potential for increased future program capacity.. These findings are derived from AI analysis of the organization's financial filings.
How does The Chase Family Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run operation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 compensation, how does the foundation manage its operations and administrative tasks?
The foundation likely relies entirely on volunteer efforts for all administrative and operational functions, which can be sustainable for smaller organizations but may limit scalability.
What specific programs or initiatives does The Chase Family Foundation support, and how is the 'program' spending allocated without paid staff?
Without further detail, it's challenging to pinpoint specific programs. The 'program' spending likely represents direct grants or contributions to other organizations, managed by volunteers.
Filing History
IRS 990 filing history for The Chase Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Chase Family Foundation's revenue has grown by 2162.1%, moving from $14K to $314K. Total assets increased by 122% over the same period, from $159K to $353K. Total functional expenses rose by 39.7%, from $105K to $147K. In its most recent filing year (2023), The Chase Family Foundation reported a surplus of $167K, with revenue exceeding expenses. The organization holds $1K in liabilities against $353K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $351K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $147K | $353K | $1K | — | — |
| 2022 | $323K | $80K | $190K | $6K | — | View 990 |
| 2021 | $23K | $87K | $193K | $1K | — | View 990 |
| 2020 | $23K | $103K | $285K | $29K | — | View 990 |
| 2019 | $60K | $131K | $338K | $2K | — | — |
| 2015 | $287K | $130K | $262K | $1 | — | View 990 |
| 2014 | $10K | $96K | $208K | $1 | — | View 990 |
| 2013 | $156K | $129K | $294K | $1 | — | View 990 |
| 2012 | $186K | $77K | $268K | $0 | — | View 990 |
| 2011 | $14K | $105K | $159K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $147K, and assets of $353K (revenue -2.8% year-over-year).
- 2022: Revenue of $323K, expenses of $80K, and assets of $190K (revenue +1320.1% year-over-year).
- 2021: Revenue of $23K, expenses of $87K, and assets of $193K (revenue -3.1% year-over-year).
- 2020: Revenue of $23K, expenses of $103K, and assets of $285K (revenue -60.9% year-over-year).
- 2019: Revenue of $60K, expenses of $131K, and assets of $338K (revenue -79.2% year-over-year).
- 2015: Revenue of $287K, expenses of $130K, and assets of $262K (revenue +2808.5% year-over-year).
- 2014: Revenue of $10K, expenses of $96K, and assets of $208K (revenue -93.7% year-over-year).
- 2013: Revenue of $156K, expenses of $129K, and assets of $294K (revenue -16.0% year-over-year).
- 2012: Revenue of $186K, expenses of $77K, and assets of $268K (revenue +1239.4% year-over-year).
- 2011: Revenue of $14K, expenses of $105K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Chase Family Foundation:
Data Sources and Methodology
This transparency report for The Chase 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.