Casper-adams Foundation
Only null% goes to programs Strong reserves Growing revenue
Casper-adams Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2022, with $1,123,574 in FY2024 revenue. CharityIndex grades it C.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 88-6460733 Since 2022
Revenue (FY2024)
$1.1M
▲ 72.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.4M
Net assets
$17.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Casper-adams Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating152 mo reserves · -23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Casper-adams Foundation: 152 mo reserves · -23% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Casper-adams Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Casper-adams Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $18.1M (FY2022) to $1.1M (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $17.4M
Operating margin
-22.6%
Spent more than it raised in the latest fiscal year.
Total assets
$17.4M
Total liabilities
$0
Net assets
$17.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,123,574▲72.3% | $1,377,685▲40.6% | $17,441,095▼1.4% | $17,441,095▼1.4% | 990PF |
| 2023 | $652,063▼96.4% | $979,865▲2933% | $17,695,206▼1.8% | $17,695,206▼1.8% | 990PF |
| 2022 | $18,055,317 | $32,309 | $18,023,008 | $18,023,008 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Casper-adams Foundation a legitimate nonprofit?
- Yes. Casper-adams Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 88-6460733, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Casper-adams Foundation's EIN?
- Casper-adams Foundation's Employer Identification Number (EIN) is 88-6460733.
- How much revenue does Casper-adams Foundation report?
- Casper-adams Foundation reported $1,123,574 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Casper-adams Foundation have?
- CharityIndex grades Casper-adams Foundation C, based on financial health (reserves and operating margin).
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Data for Casper-adams Foundation (EIN 88-6460733) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.