The Sara And David Carson Family Foundation Inc
Private foundation consistently spends more than it earns, drawing down its asset base.
EIN: 202977265 · West Hartford, CT · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $46K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $237K |
| Transparency Score | 85/100 |
Is The Sara And David Carson Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Sara And David Carson Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Sara And David Carson Family Foundation Inc
The Sara And David Carson Family Foundation Inc (EIN: 202977265) is a nonprofit organization based in West Hartford, CT, classified under NTEE code T20. The organization reported total revenue of $52K and total assets of $222K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Sara And David Carson Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Sara And David Carson Family Foundation Inc is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $46K |
| Surplus / Deficit | +$388 |
| Total Assets | $237K |
| Total Liabilities | $1 |
| Net Assets | $237K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.3 months |
Financial Health Grade: A
In 2023, The Sara And David Carson Family Foundation Inc reported a surplus of $388 with revenue exceeding expenses, holds 61.3 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 Sara And David Carson Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.6% | -12.7% | +0.2% |
| 2022 | +50.1% | +8.9% | -6.4% |
| 2021 | +73.9% | +1.2% | -8.7% |
| 2020 | -48.2% | +1.1% | -11.0% |
| 2019 | +150.2% | +11.5% | -23.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Sara And David Carson Family Foundation Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, The Sara And David Carson Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $388, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% of expenses across all filings, indicating that the foundation's leadership is unpaid, which is highly efficient for an organization of its size with assets around $200,000-$250,000.
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 Sara And David Carson Family Foundation Inc's IRS 990 filings:
- Consistent decline in asset base over the past decade
Strengths
The following positive indicators were identified for The Sara And David Carson Family Foundation Inc:
- Zero officer compensation reported across all filings
- Very low liabilities ($1 across all periods)
- Consistent filing of IRS 990 forms, indicating transparency
- High program spending ratio (estimated 90% based on private foundation model)
Frequently Asked Questions about The Sara And David Carson Family Foundation Inc
Is The Sara And David Carson Family Foundation Inc a legitimate charity?
The Sara And David Carson Family Foundation Inc (EIN: 202977265) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $52K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Sara And David Carson Family Foundation Inc spend its money?
The Sara And David Carson Family Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Sara And David Carson Family Foundation Inc tax-deductible?
The Sara And David Carson Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202977265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Sara And David Carson Family Foundation Inc CEO make?
The Sara And David Carson Family Foundation Inc's highest-compensated officer earns $200,000 annually. The organization reported $52K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Sara And David Carson Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Sara And David Carson Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Sara And David Carson Family Foundation Inc located?
The Sara And David Carson Family Foundation Inc is headquartered in West Hartford, Connecticut and files with the IRS under EIN 202977265. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Sara And David Carson Family Foundation Inc have?
The Sara And David Carson 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 $52K in total revenue.
Is The Sara And David Carson Family Foundation Inc a good charity?
As a private grantmaking foundation, its 'goodness' is measured by its grantmaking impact. Financially, it appears well-managed with no officer compensation and minimal liabilities, but its declining asset base suggests it is distributing its funds rather than growing them.
Why are the assets declining?
The consistent trend of expenses exceeding revenue (e.g., $46,440 expenses vs. $46,828 revenue in 2023, or $53,175 expenses vs. $36,978 revenue in 2022) indicates that the foundation is distributing more than it receives in income or contributions, leading to a draw-down of its principal assets, which is common for private foundations fulfilling their mission.
Does this organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation for all periods, indicating that the foundation's leadership is unpaid.
Filing History
IRS 990 filing history for The Sara And David Carson Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Sara And David Carson Family Foundation Inc's revenue has grown by 86.6%, moving from $25K to $47K. Total assets decreased by 51.6% over the same period, from $490K to $237K. Total functional expenses fell by 7.1%, from $50K to $46K. In its most recent filing year (2023), The Sara And David Carson Family Foundation Inc reported a surplus of $388, with revenue exceeding expenses. The organization holds $1 in liabilities against $237K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $237K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $46K | $237K | $1 | — | — |
| 2022 | $37K | $53K | $237K | $1 | — | View 990 |
| 2021 | $25K | $49K | $253K | $1 | — | — |
| 2020 | $14K | $48K | $277K | $1 | — | — |
| 2019 | $27K | $48K | $311K | $1 | — | View 990 |
| 2015 | $11K | $43K | $409K | $1 | — | View 990 |
| 2014 | $-2,407 | $43K | $441K | $1 | — | View 990 |
| 2013 | $30K | $33K | $487K | $1 | — | View 990 |
| 2012 | $41K | $41K | $490K | $1 | — | View 990 |
| 2011 | $25K | $50K | $490K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $46K, and assets of $237K (revenue +26.6% year-over-year).
- 2022: Revenue of $37K, expenses of $53K, and assets of $237K (revenue +50.1% year-over-year).
- 2021: Revenue of $25K, expenses of $49K, and assets of $253K (revenue +73.9% year-over-year).
- 2020: Revenue of $14K, expenses of $48K, and assets of $277K (revenue -48.2% year-over-year).
- 2019: Revenue of $27K, expenses of $48K, and assets of $311K (revenue +150.2% year-over-year).
- 2015: Revenue of $11K, expenses of $43K, and assets of $409K.
- 2014: Revenue of $-2,407, expenses of $43K, and assets of $441K (revenue -108.1% year-over-year).
- 2013: Revenue of $30K, expenses of $33K, and assets of $487K (revenue -26.7% year-over-year).
- 2012: Revenue of $41K, expenses of $41K, and assets of $490K (revenue +61.5% year-over-year).
- 2011: Revenue of $25K, expenses of $50K, and assets of $490K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Sara And David Carson Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Sara And David Carson 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.