Rachel & Tom Cortese Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Rachel & Tom Cortese Foundation Inc is a 501(c)(3) organization based in Saratoga Spgs, New York, registered in 2022, with $372,467 in FY2024 revenue. CharityIndex grades it C+.
19 Railroad Pl Ste 301, Saratoga Spgs, NY, 12866 EIN 87-2779552 Since 2022
Revenue (FY2024)
$372K
▲ 223.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$307K
Net assets
$2.4M
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 Rachel & Tom Cortese 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 rating93 mo reserves · +18% 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 Rachel & Tom Cortese Foundation Inc: 93 mo reserves · +18% 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 Rachel & Tom Cortese 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 Rachel & Tom Cortese Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 19 Railroad Pl Ste 301, Saratoga Spgs, NY, 12866
- City
- Saratoga Spgs
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $3.3M (FY2021) to $372K (FY2024) across 4 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.4M
Operating margin
17.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4M
Total liabilities
$0
Net assets
$2.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $372,467▲224% | $307,253▲24.1% | $2,389,204▲3.2% | $2,389,204▲3.2% | 990PF |
| 2023 | $114,990▼51.4% | $247,600▲8715% | $2,315,748▼5.4% | $2,315,748▼5.4% | 990PF |
| 2022 | $236,744▼92.9% | $2,809▼83.5% | $2,448,181▲7.6% | $2,448,181▲7.6% | 990PF |
| 2021 | $3,327,469 | $17,000 | $2,276,179 | $2,276,179 | 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 Rachel & Tom Cortese Foundation Inc a legitimate nonprofit?
- Yes. Rachel & Tom Cortese Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-2779552, based in Saratoga Spgs, New York. Donations are tax-deductible.
- What is Rachel & Tom Cortese Foundation Inc's EIN?
- Rachel & Tom Cortese Foundation Inc's Employer Identification Number (EIN) is 87-2779552.
- How much revenue does Rachel & Tom Cortese Foundation Inc report?
- Rachel & Tom Cortese Foundation Inc reported $372,467 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rachel & Tom Cortese Foundation Inc have?
- CharityIndex grades Rachel & Tom Cortese Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Rachel & Tom Cortese Foundation Inc (EIN 87-2779552) 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.