Tsao Family Foundation
Tsao Family Foundation maintains substantial assets and reports no officer compensation across all filings.
EIN: 202043022 · Corona Dl Mar, CA · NTEE: T22 · Updated: 2026-03-28
Source Check Matrix
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Tsao Family Foundation is mapped to EIN 202043022.
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10 stored filing years available.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $50.7M |
| Total Expenses | $4.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $87 |
| Net Assets | $86.6M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Tsao Family Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Tsao Family Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Tsao Family Foundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $3.5M and expenses of $4.4M.
Revenue and Expenses
Tsao Family Foundation reported $3.5M in revenue and $4.4M in expenses, a deficit of $844K.
Executive Compensation
Top officer compensation appears as $87 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Tsao Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.9M (90%) |
Across stored filings, Tsao Family Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Butte County Fire Safe Council | California and Philanthropy context |
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Tsao Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tsao Family Foundation
Tsao Family Foundation (EIN: 202043022) is a nonprofit organization based in Corona Dl Mar, CA, classified under NTEE code T22. The organization reported total revenue of $50.7M and total assets of $122.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tsao Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tsao Family Foundation is a major nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-843,557 |
| Total Assets | $87.5M |
| Total Liabilities | $987K |
| Net Assets | $86.6M |
| Operating Margin | -24.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 240.7 months |
Financial Health Grade: B
In 2023, Tsao Family Foundation reported a deficit of $844K with expenses exceeding revenue, holds 240.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Tsao Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.1% | -4.4% | +3.6% |
| 2022 | -67.5% | +61.4% | -6.5% |
| 2021 | +186.3% | +51.7% | +77.0% |
| 2020 | -9.9% | +49.9% | +28.2% |
| 2019 | +1015.2% | +198.9% | +278.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Tsao Family Foundation 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, Tsao Family Foundation 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 deficit of $844K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size with assets exceeding $87 million.
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 Tsao Family Foundation's IRS 990 filings:
- Expenses exceeded revenue in the latest filing period (202312), with $4,364,472 in expenses against $3,520,915 in revenue, though this can be typical for foundations drawing from endowments.
Strengths
The following positive indicators were identified for Tsao Family Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in this area.
- Substantial asset growth from $5,392,610 in 2011 to $87,539,098 in 2023, demonstrating strong financial management.
- Robust asset base of $122,862,380 (latest available total assets) provides long-term stability.
- Consistent IRS 990 filing history, indicating good compliance and transparency.
Frequently Asked Questions about Tsao Family Foundation
Is Tsao Family Foundation a legitimate charity?
Tsao Family Foundation (EIN: 202043022) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $50.7M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Tsao Family Foundation spend its money?
Tsao Family Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Tsao Family Foundation tax-deductible?
Tsao Family Foundation is registered as a tax-exempt nonprofit (EIN: 202043022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tsao Family Foundation CEO make?
Tsao Family Foundation's highest-compensated officer earns $87 annually. The organization reported $50.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Tsao Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tsao Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tsao Family Foundation located?
Tsao Family Foundation is headquartered in Corona Dl Mar, California and files with the IRS under EIN 202043022. It is classified under NTEE code T22.
How many years of IRS 990 filings does Tsao Family Foundation have?
Tsao 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 $50.7M in total revenue.
Is Tsao Family Foundation a good charity?
Based on the available IRS 990 data, the Tsao Family Foundation appears to be a financially sound organization with substantial assets ($87,539,098 in 2023) and a strong history of asset growth. The consistent reporting of 0% officer compensation is a significant positive indicator of efficiency and dedication to mission, as it suggests funds are not being diverted to executive salaries. However, without a detailed breakdown of program spending versus administrative and fundraising costs, a complete assessment of 'goodness' is challenging.
How has the foundation's financial health changed over time?
The foundation's financial health has significantly improved over time. Assets grew from $5,392,610 in 2011 to $87,539,098 in 2023, demonstrating substantial growth and effective asset management. Revenue has also seen considerable fluctuations, with a peak of $35,157,700 in 2021, indicating a strong capacity for resource generation.
What is the foundation's approach to executive compensation?
The Tsao Family Foundation consistently reports 0% officer compensation across all ten available IRS 990 filings. This indicates that no salaries are paid to officers, which is a highly unusual and positive characteristic for an organization of its financial scale.
Filing History
IRS 990 filing history for Tsao Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tsao Family Foundation's revenue has grown by 84.4%, moving from $1.9M to $3.5M. Total assets increased by 1523.3% over the same period, from $5.4M to $87.5M. Total functional expenses rose by 4572.3%, from $93K to $4.4M. In its most recent filing year (2023), Tsao Family Foundation reported a deficit of $844K, with expenses exceeding revenue. The organization holds $987K in liabilities against $87.5M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $86.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $4.4M | $87.5M | $987K | — | — |
| 2022 | $11.4M | $4.6M | $84.5M | $1.1M | — | View 990 |
| 2021 | $35.2M | $2.8M | $90.4M | $347K | — | View 990 |
| 2020 | $12.3M | $1.9M | $51.1M | $128K | — | View 990 |
| 2019 | $13.6M | $1.2M | $39.8M | $36K | — | View 990 |
| 2015 | $1.2M | $416K | $10.5M | $0 | — | View 990 |
| 2014 | $1.3M | $491K | $9.5M | $0 | — | View 990 |
| 2013 | $551K | $419K | $8.0M | $0 | — | View 990 |
| 2012 | $2.0M | $231K | $7.5M | $60K | — | View 990 |
| 2011 | $1.9M | $93K | $5.4M | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $4.4M, and assets of $87.5M (revenue -69.1% year-over-year).
- 2022: Revenue of $11.4M, expenses of $4.6M, and assets of $84.5M (revenue -67.5% year-over-year).
- 2021: Revenue of $35.2M, expenses of $2.8M, and assets of $90.4M (revenue +186.3% year-over-year).
- 2020: Revenue of $12.3M, expenses of $1.9M, and assets of $51.1M (revenue -9.9% year-over-year).
- 2019: Revenue of $13.6M, expenses of $1.2M, and assets of $39.8M (revenue +1015.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $416K, and assets of $10.5M (revenue -5.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $491K, and assets of $9.5M (revenue +134.0% year-over-year).
- 2013: Revenue of $551K, expenses of $419K, and assets of $8.0M (revenue -71.9% year-over-year).
- 2012: Revenue of $2.0M, expenses of $231K, and assets of $7.5M (revenue +2.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $93K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tsao Family Foundation:
Data Sources and Methodology
This transparency report for Tsao 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.