The Mccarty Family Foundation Inc
McCarty Family Foundation's revenue plummets to $9 while assets decline amid consistent high expenses.
EIN: 204766769 · Park City, UT · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9 |
| Total Expenses | $105K |
| Program Spending | 70% |
| Net Assets | $173K |
| Transparency Score | 35/100 |
Is The Mccarty Family Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Mccarty Family Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Mccarty Family Foundation Inc
The Mccarty Family Foundation Inc (EIN: 204766769) is a nonprofit organization based in Park City, UT, classified under NTEE code T22. The organization reported total revenue of $9 and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mccarty Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mccarty Family Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -47.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19 |
| Total Expenses | $105K |
| Surplus / Deficit | $-104,981 |
| Total Assets | $173K |
| Total Liabilities | $1 |
| Net Assets | $173K |
| Operating Margin | -552531.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.8 months |
Financial Health Grade: B
In 2023, The Mccarty Family Foundation Inc reported a deficit of $105K with expenses exceeding revenue, holds 19.8 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 (2011–2023), The Mccarty Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -47.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.1% | +94.4% | -37.8% |
| 2022 | -20.0% | -18.2% | -16.3% |
| 2021 | -100.0% | +11.8% | -16.6% |
| 2020 | +24.7% | -46.6% | +31.8% |
| 2019 | +126.9% | +22.8% | +91.3% |
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 The Mccarty Family Foundation Inc with a Mission Score of 35 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Mccarty Family Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is generally positive for minimizing overhead.
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 Mccarty Family Foundation Inc's IRS 990 filings:
- Drastic decline in revenue to $9 in the latest period, down from $155,070 in 2020.
- Consistent high expenses (e.g., $105,000 in 2023) despite negligible revenue, leading to asset depletion.
- Significant decrease in assets from $397,762 in 2020 to $82,853 currently.
- Unsustainable financial model based on current revenue and expense trends.
- Unusual consistent reporting of $1 in liabilities across multiple years.
Strengths
The following positive indicators were identified for The Mccarty Family Foundation Inc:
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
- No reported officer compensation, suggesting a volunteer-driven or highly efficient leadership structure regarding executive pay.
Frequently Asked Questions about The Mccarty Family Foundation Inc
Is The Mccarty Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mccarty Family Foundation Inc (EIN: 204766769) significant concerns. Mission Score: 35/100. 5 red flags identified, 2 strengths noted.
How does The Mccarty Family Foundation Inc spend its money?
The Mccarty Family Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Mccarty Family Foundation Inc tax-deductible?
The Mccarty Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204766769). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Mccarty Family Foundation Inc's spending goes to programs?
The Mccarty Family Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does The Mccarty Family Foundation Inc compare to similar nonprofits?
With a transparency score of 35/100 (Poor), The Mccarty Family Foundation Inc is below average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Mccarty Family Foundation Inc located?
The Mccarty Family Foundation Inc is headquartered in Park City, Utah and files with the IRS under EIN 204766769. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Mccarty Family Foundation Inc have?
The Mccarty Family Foundation Inc 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 $9 in total revenue.
Why has The McCarty Family Foundation Inc.'s revenue dropped so drastically in recent years, from $155,070 in 2020 to $9 in the latest period?
The provided data shows a severe decline in revenue, suggesting a significant change in funding sources or operational strategy that is not sustainable given the continued expenses.
How is the organization sustaining its operations with minimal revenue and high expenses, and what is the long-term plan?
The foundation appears to be spending down its assets, which have decreased from $397,762 in 2020 to $82,853 currently, indicating an unsustainable financial model without new revenue.
What specific programs or grants are being funded by the foundation, especially given the NTEE code T22?
The financial data alone does not detail specific program activities or grant recipients, making it difficult to assess the impact of its spending.
Why are liabilities consistently reported as $1 across multiple years, and what does this signify?
The consistent reporting of $1 in liabilities is unusual for an organization of this size and warrants clarification regarding its financial reporting accuracy and practices.
Filing History
IRS 990 filing history for The Mccarty Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Mccarty Family Foundation Inc's revenue has declined by 100%, moving from $47K to $19. Total assets decreased by 31.9% over the same period, from $254K to $173K. Total functional expenses rose by 103.9%, from $52K to $105K. In its most recent filing year (2023), The Mccarty Family Foundation Inc reported a deficit of $105K, with expenses exceeding revenue. The organization holds $1 in liabilities against $173K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $173K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19 | $105K | $173K | $1 | — | — |
| 2022 | $28 | $54K | $278K | $1 | — | View 990 |
| 2021 | $35 | $66K | $332K | $1 | — | — |
| 2020 | $155K | $59K | $398K | $1 | — | — |
| 2019 | $124K | $111K | $302K | $1 | — | — |
| 2015 | $55K | $90K | $158K | $1 | — | View 990 |
| 2014 | $359 | $67K | $193K | $1 | — | View 990 |
| 2013 | $95K | $46K | $259K | $0 | — | View 990 |
| 2012 | $-2,529 | $42K | $209K | $0 | — | View 990 |
| 2011 | $47K | $52K | $254K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19, expenses of $105K, and assets of $173K (revenue -32.1% year-over-year).
- 2022: Revenue of $28, expenses of $54K, and assets of $278K (revenue -20.0% year-over-year).
- 2021: Revenue of $35, expenses of $66K, and assets of $332K (revenue -100.0% year-over-year).
- 2020: Revenue of $155K, expenses of $59K, and assets of $398K (revenue +24.7% year-over-year).
- 2019: Revenue of $124K, expenses of $111K, and assets of $302K (revenue +126.9% year-over-year).
- 2015: Revenue of $55K, expenses of $90K, and assets of $158K (revenue +15161.3% year-over-year).
- 2014: Revenue of $359, expenses of $67K, and assets of $193K (revenue -99.6% year-over-year).
- 2013: Revenue of $95K, expenses of $46K, and assets of $259K.
- 2012: Revenue of $-2,529, expenses of $42K, and assets of $209K (revenue -105.4% year-over-year).
- 2011: Revenue of $47K, expenses of $52K, and assets of $254K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mccarty Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Mccarty Family Foundation Inc 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.