Caito Family Foundation Inc

Analysis

Caito Family Foundation Inc is a registered charity in United States, based in Gainesville, VA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Caito Family Foundation Inc reported income of $60k and spending of $38k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to February 2024, income grew from $4,097 to $60k (+1375%), an average of +284% a year. The sharpest change came in the year to February 2023, when income rose by 1283%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caito Family Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Kentucky National Guard Memorial Fund Inc ($60k), PTA Florida Congress ($60k) and Music Teachers National Association ($60k).

At year end it held assets of $26k against liabilities of $0, net assets of $26k.