The Rusty Staub Foundation Inc

Rusty Staub Foundation experiences significant financial deficit and asset depletion in latest filing.

EIN: 133340651 · Peabody, MA · Updated: 2026-03-28

$704KRevenue

$432KAssets

65/100Mission Score (Good)

Is The Rusty Staub Foundation Inc Legit?

Some Concerns

GoodFiling Consistency

GoodSpending Efficiency

GoodTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

The Rusty Staub Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About The Rusty Staub Foundation Inc

The Rusty Staub Foundation Inc (EIN: 133340651) is a nonprofit organization based in Peabody, MA. The organization reported total revenue of $704K and total assets of $432K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Rusty Staub Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Rusty Staub Foundation Inc. exhibits a concerning financial trend in its latest filing (201812), reporting revenue of $704,206 against expenses of $1,546,684. This significant deficit of over $840,000 suggests the organization is spending considerably more than it is taking in, a stark contrast to previous years where revenue generally exceeded or closely matched expenses. While the organization has maintained zero liabilities across all reported periods, indicating good financial management in terms of debt, the substantial drop in assets from $1,274,313 in 2017 to $431,835 in 2018 is a major red flag, suggesting the deficit was covered by drawing down reserves.

The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for donor confidence. However, without a detailed breakdown of expenses (e.g., program vs. administrative vs. fundraising), it's challenging to fully assess spending efficiency. The dramatic decrease in revenue from over $2 million in 2017 to $704,206 in 2018, coupled with high expenses, points to potential sustainability issues if this trend continues. Further transparency regarding the nature of the expenses and the reasons for the revenue decline would be beneficial for a complete financial health assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates The Rusty Staub Foundation Inc with a Mission Score of 65 out of 100 (Good). 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 Rusty Staub Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all filings, indicating that no officers are receiving salaries from the organization, which is highly commendable and suggests a strong dedication to the mission.

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 Rusty Staub Foundation Inc's IRS 990 filings:

Significant deficit in latest filing ($842,478 in 2018).
Substantial depletion of assets ($1,274,313 in 2017 to $431,835 in 2018).
Dramatic decrease in revenue from 2017 to 2018 (over $1.3 million drop).

Strengths

The following positive indicators were identified for The Rusty Staub Foundation Inc:

Consistent 0% officer compensation across all filings.
Zero reported liabilities across all filing periods, indicating no debt.
Historically strong revenue generation in prior years (e.g., $2,012,006 in 2017).

Frequently Asked Questions about The Rusty Staub Foundation Inc

Is The Rusty Staub Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Rusty Staub Foundation Inc (EIN: 133340651) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

How does The Rusty Staub Foundation Inc spend its money?

The Rusty Staub Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to The Rusty Staub Foundation Inc tax-deductible?

The Rusty Staub Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133340651). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Why did The Rusty Staub Foundation's revenue drop from over $2 million in 2017 to $704,206 in 2018?

The IRS 990 data shows a sharp decline in revenue from $2,012,006 in 2017 to $704,206 in 2018, but the filings do not provide specific reasons for this decrease.

How did The Rusty Staub Foundation cover its $842,478 deficit in 2018?

The deficit of $842,478 (Expenses $1,546,684 - Revenue $704,206) in 2018 appears to have been covered by drawing down assets, as total assets decreased from $1,274,313 in 2017 to $431,835 in 2018.

What is the long-term financial sustainability of The Rusty Staub Foundation given the 2018 financial performance?

The significant deficit and asset depletion in 2018 raise concerns about long-term financial sustainability if the organization continues to spend more than it earns. This trend would need to be reversed to ensure continued operations.

Filing History

IRS 990 filing history for The Rusty Staub Foundation Inc showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2011–2018), The Rusty Staub Foundation Inc's revenue has declined by 46%, moving from $1.3M to $704K. Total assets increased by 45.8% over the same period, from $296K to $432K. Total functional expenses rose by 19.2%, from $1.3M to $1.5M. In its most recent filing year (2018), The Rusty Staub Foundation Inc reported a deficit of $842K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2018	$704K	$1.5M	$432K	$0	—	View 990
2017	$2.0M	$1.8M	$1.3M	$0	—	View 990
2016	$1.6M	$1.4M	$1.1M	$0	—	View 990
2015	$1.6M	$1.5M	$876K	$0	—	View 990
2014	$1.9M	$1.5M	$771K	$0	—	View 990
2013	$1.4M	$1.4M	$377K	$0	—	View 990
2012	$1.4M	$1.3M	$397K	$0	—	View 990
2011	$1.3M	$1.3M	$296K	$0	—	View 990

Year-by-Year Financial Summary

2018: Revenue of $704K, expenses of $1.5M, and assets of $432K (revenue -65.0% year-over-year).
2017: Revenue of $2.0M, expenses of $1.8M, and assets of $1.3M (revenue +26.0% year-over-year).
2016: Revenue of $1.6M, expenses of $1.4M, and assets of $1.1M (revenue -1.5% year-over-year).
2015: Revenue of $1.6M, expenses of $1.5M, and assets of $876K (revenue -12.6% year-over-year).
2014: Revenue of $1.9M, expenses of $1.5M, and assets of $771K (revenue +34.1% year-over-year).
2013: Revenue of $1.4M, expenses of $1.4M, and assets of $377K (revenue +1.1% year-over-year).
2012: Revenue of $1.4M, expenses of $1.3M, and assets of $397K (revenue +4.9% year-over-year).
2011: Revenue of $1.3M, expenses of $1.3M, and assets of $296K.

Data Sources and Methodology

This transparency report for The Rusty Staub 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.