Frank & Ruth E Caruso Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Frank & Ruth E Caruso Foundation Inc is a 501(c)(3) organization based in New York, New York, registered in 2003, with $226,112 in FY2025 revenue. CharityIndex grades it C+.
Po Box 399, New York, NY, 10040 EIN 82-0581784 Since 2003
Revenue (FY2025)
$226K
▼ 17.5% vs prior year
Philanthropy median: $168K
Expenses (FY2025)
$243K
Net assets
$4.1M
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 Frank & Ruth E Caruso Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating204 mo reserves · -7% 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 Frank & Ruth E Caruso Foundation Inc: 204 mo reserves · -7% margin earns a B+ 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 Frank & Ruth E Caruso Foundation Inc— 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 Frank & Ruth E Caruso Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 399, New York, NY, 10040
- City
- New York
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $241K (FY2019) to $226K (FY2025) across 7 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $0Net assets $4.1M
Operating margin
-7.4%
Spent more than it raised in the latest fiscal year.
Total assets
$4.1M
Total liabilities
$0
Net assets
$4.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $226,112▼17.5% | $242,746▼1.6% | $4,120,412▼0.4% | $4,120,412▼0.4% | 990PF |
| 2024 | $273,954▼12.2% | $246,778▼5.9% | $4,137,046▲0.7% | $4,137,046▲0.7% | 990PF |
| 2023 | $312,040▲152% | $262,348▼7.6% | $4,109,870▲1.2% | $4,109,870▲1.2% | 990PF |
| 2022 | $124,004▼66.3% | $283,812▲1.5% | $4,060,178▼3.8% | $4,060,178▼3.8% | 990PF |
| 2021 | $368,114▲313% | $279,536▲0.5% | $4,219,986▲2.1% | $4,219,986▲2.1% | 990PF |
| 2020 | -$172,689▼172% | $278,190▼6.1% | $4,131,408▼9.8% | $4,131,601▼9.8% | 990PF |
| 2019 | $240,714 | $296,385 | $4,582,287 | $4,582,287 | 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 Frank & Ruth E Caruso Foundation Inc a legitimate nonprofit?
- Yes. Frank & Ruth E Caruso Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 82-0581784, based in New York, New York. Donations are tax-deductible.
- What is Frank & Ruth E Caruso Foundation Inc's EIN?
- Frank & Ruth E Caruso Foundation Inc's Employer Identification Number (EIN) is 82-0581784.
- How much revenue does Frank & Ruth E Caruso Foundation Inc report?
- Frank & Ruth E Caruso Foundation Inc reported $226,112 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does Frank & Ruth E Caruso Foundation Inc have?
- CharityIndex grades Frank & Ruth E Caruso Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Frank & Ruth E Caruso Foundation Inc (EIN 82-0581784) 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.