Quick charity verification for Libby Holman Foundation Inc (EIN: 116037769)
Verdict: Libby Holman Foundation Inc appears trustworthy
85/100Mission Score
$508KRevenue
$2.0MAssets
2Red Flags
4Strengths
Red Flags
Frequent operational deficits (expenses exceeding revenue) in multiple years, such as 2023 ($226,884 expenses vs. $196,019 revenue) and 2022 ($196,942 expenses vs. $68,737 revenue).
Negative revenue reported in 2020 (-$78,769), which could indicate significant investment losses or unusual accounting adjustments.
Consistently low liabilities, often reported as $1, indicating excellent debt management and financial health.
Zero officer compensation reported across all filings, suggesting highly efficient use of funds and potentially volunteer leadership.
Consistent IRS 990 filing history (10 filings), demonstrating a commitment to transparency and regulatory compliance.
Spending Breakdown
How Libby Holman 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 Libby Holman Foundation Inc
Is Libby Holman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Libby Holman Foundation Inc (EIN: 116037769) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Libby Holman Foundation Inc a good charity to donate to?
Libby Holman Foundation Inc has a Mission Score of 85/100. Revenue: $508K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Libby Holman Foundation Inc?
The Employer Identification Number (EIN) for Libby Holman Foundation Inc is 116037769. 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 Libby Holman Foundation Inc spend its money?
Libby Holman Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Libby Holman Foundation Inc's tax-exempt status?
You can verify Libby Holman Foundation Inc's tax-exempt status using EIN 116037769 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
The Libby Holman Foundation Inc. demonstrates consistent financial stability, primarily due to its substantial asset base, which currently stands at $1,985,747. While the organization has experienced fluctuations in annual revenue, including a negative revenue year in 2020 (-$78,769), its expenses have remained relatively stable, ranging from $106,226 to $226,884 over the past decade. The foundation consistently reports zero officer compensation, indicating a volunteer-led or very lean executive structure, which contributes to efficient use of funds. The organization's liabilities are consistently very low, often reported as $1, suggesting strong financial management and minimal debt. The consistent filing of IRS Form 990s over ten periods indicates a commitment to transparency.