Quick charity verification for Lafollette Medical Foundation Inc (EIN: 204901729)
Verdict: Lafollette Medical Foundation Inc appears trustworthy
75/100Mission Score
$3.3MRevenue
$9.9MAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue in 8 out of 10 recent filings)
Significant fluctuations in annual revenue (e.g., $274,111 in 2022 vs. $940,430 in 2021)
Strengths
Strong asset base ($9,899,195 latest assets)
Excellent executive compensation efficiency (0% officer compensation reported across all filings)
Consistent IRS 990 filing history (12 filings)
Low liabilities relative to assets (e.g., $1 in 2023, $28,000 in 2022)
Spending Breakdown
How Lafollette Medical Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lafollette Medical Foundation Inc
Is Lafollette Medical Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lafollette Medical Foundation Inc (EIN: 204901729) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Lafollette Medical Foundation Inc a good charity to donate to?
Lafollette Medical Foundation Inc has a Mission Score of 75/100. Revenue: $3.3M. Assets: $9.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lafollette Medical Foundation Inc?
The Employer Identification Number (EIN) for Lafollette Medical Foundation Inc is 204901729. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lafollette Medical Foundation Inc spend its money?
Lafollette Medical Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lafollette Medical Foundation Inc's tax-exempt status?
You can verify Lafollette Medical Foundation Inc's tax-exempt status using EIN 204901729 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lafollette Medical Foundation Inc demonstrates a consistent financial position with assets hovering around $9-11 million over the past decade, currently at $9,899,195. However, the organization has frequently operated at a deficit, with expenses exceeding revenue in 8 out of the last 10 reported periods. For instance, in 2023, expenses were $661,705 against revenues of $512,217, and in 2022, expenses were $666,251 against revenues of $274,111. This trend suggests a reliance on existing assets or other non-operating income to cover costs, which could be a concern for long-term sustainability if not addressed. The organization's transparency is commendable given the consistent filing of IRS Form 990s, and the reported 0% officer compensation across all filings indicates a volunteer-led or very lean executive structure, which is a positive sign for donor confidence regarding administrative overhead.