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

$50.7MRevenue

$122.9MAssets

85/100Mission Score (Excellent)

T22

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.

AI Transparency Report

The Tsao Family Foundation demonstrates strong financial health with substantial assets and a history of significant revenue. In the latest period (202312), the foundation reported assets of $87,539,098, indicating a robust financial base. While expenses ($4,364,472) exceeded revenue ($3,520,915) in 2023, this is not uncommon for foundations that distribute grants from their endowments. The foundation's assets have grown considerably over the past decade, from $5,392,610 in 2011 to over $87 million in 2023, showcasing effective asset management.

The organization's spending efficiency appears high, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests that administrative costs related to executive salaries are either non-existent or covered by other means, allowing a greater proportion of funds to be directed towards programmatic activities. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio is difficult to calculate, but the lack of officer compensation is a positive indicator.

In terms of transparency, the foundation has a consistent filing history with the IRS, providing public access to its financial data. The absence of reported officer compensation across all filings is a notable point for transparency, indicating that the organization is not allocating funds to executive salaries. Further transparency could be enhanced by providing more detailed breakdowns of expenses beyond what is typically required in a summary 990, particularly regarding the allocation between program, administrative, and fundraising costs.

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.

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 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.	PDF
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.

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.