Quick charity verification for Libra Future Fund (EIN: 202402155)
Verdict: Libra Future Fund shows mixed signals
65/100Mission Score
$31KRevenue
$1Assets
3Red Flags
3Strengths
Red Flags
Consistent decline in assets, from $10,919 in 2013 to $1 in 2020.
Expenses frequently exceed revenue (e.g., $35,799 expenses vs. $31,035 revenue in 2020), indicating potential operational deficits.
Extremely low asset base ($1 in 2020) suggests minimal financial reserves and high financial fragility.
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in executive spending.
Consistent filing of IRS Form 990s demonstrates a commitment to transparency.
Low liabilities reported in most periods (e.g., $1 in 2020, $0 in 2014).
Spending Breakdown
How Libra Future Fund allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Libra Future Fund
Is Libra Future Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Libra Future Fund (EIN: 202402155) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Libra Future Fund a good charity to donate to?
Libra Future Fund has a Mission Score of 65/100. Revenue: $31K. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Libra Future Fund?
The Employer Identification Number (EIN) for Libra Future Fund is 202402155. 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 Libra Future Fund spend its money?
Libra Future Fund allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Libra Future Fund's tax-exempt status?
You can verify Libra Future Fund's tax-exempt status using EIN 202402155 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
Libra Future Fund appears to be a very small organization with limited financial activity, as evidenced by its latest reported revenue of $31,035 and assets of just $1 in 2020. The organization consistently reports zero officer compensation across all available filings, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. However, the consistent trend of expenses often exceeding revenue, such as $35,799 in expenses against $31,035 in revenue in 2020, suggests potential reliance on prior year reserves or other funding sources not immediately apparent, or simply operating at a slight deficit. The organization's assets have also significantly declined over time, from a high of $10,919 in 2013 to $1 in 2020, which raises questions about its long-term financial sustainability and ability to build reserves.
Given the minimal assets and revenue, the organization's financial health seems precarious. While the lack of executive compensation is commendable for transparency and efficiency, the overall financial scale and declining asset base indicate a very lean operation that may struggle with significant programmatic expansion or unexpected financial challenges. The NTEE code T30 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its role might be to distribute funds, but with such low assets and revenue, its capacity to do so effectively is limited. The consistent filing of 990s demonstrates a commitment to transparency, but the financial data itself points to an organization operating on a very tight budget with minimal financial cushion.