Is Libbys Legacy Breast Cancer Foundation…

Quick charity verification for Libbys Legacy Breast Cancer Foundation (EIN: 113812766)

Strengths

Strong program spending ratio, indicating efficient use of funds for its mission.
Significant and consistent growth in revenue and assets over the past decade, demonstrating increasing impact and sustainability.
Healthy asset-to-liability ratio, suggesting strong financial stability and prudent management.
Consistent reporting of 0% officer compensation, which, if accurate, indicates a highly mission-focused and lean operational structure.

Spending Breakdown

How Libbys Legacy Breast Cancer Foundation allocates its funds across programs, administration, and fundraising.

88%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Libbys Legacy Breast Cancer Foundation

Is Libbys Legacy Breast Cancer Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Libbys Legacy Breast Cancer Foundation (EIN: 113812766) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Libbys Legacy Breast Cancer Foundation a good charity to donate to?

Libbys Legacy Breast Cancer Foundation has a Mission Score of 92/100. Revenue: $5.3M. Assets: $1.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Libbys Legacy Breast Cancer Foundation?

The Employer Identification Number (EIN) for Libbys Legacy Breast Cancer Foundation is 113812766. 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 Libbys Legacy Breast Cancer Foundation spend its money?

Libbys Legacy Breast Cancer Foundation allocates 88% to programs, 7% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Libbys Legacy Breast Cancer Foundation's tax-exempt status?

You can verify Libbys Legacy Breast Cancer Foundation's tax-exempt status using EIN 113812766 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

Libbys Legacy Breast Cancer Foundation demonstrates a strong commitment to its program services, consistently allocating a high percentage of its expenses directly to its mission. For instance, in the 202306 period, with total expenses of $3,437,321, a significant portion would be expected to go towards programs, indicating efficient use of donor funds. The organization has shown substantial growth in revenue and assets over the past decade, from $199,799 in revenue and $528,621 in assets in 201612 to $3,507,038 in revenue and $1,643,440 in assets in 202306, suggesting increasing capacity to serve its beneficiaries.

Financial health appears stable, with assets consistently exceeding liabilities. For example, in 202306, assets were $1,643,440 against liabilities of $241,982, providing a healthy financial cushion. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a focus on directing funds to the mission rather than executive salaries. This practice enhances donor confidence and reflects a lean operational model.

Overall, Libbys Legacy Breast Cancer Foundation appears to be a financially sound and efficiently run organization, with a clear dedication to its programmatic goals and a high degree of transparency regarding executive compensation. Its growth trajectory and strong asset-to-liability ratio further support a positive assessment of its financial health and sustainability.

Is Libbys Legacy Breast Cancer Foundation Legit?

Verdict: Libbys Legacy Breast Cancer Foundation appears trustworthy

Red Flags