Is Licr Fund Inc Legit?

Quick charity verification for Licr Fund Inc (EIN: 133573053)

Verdict: Licr Fund Inc appears trustworthy

75/100Mission Score

$449.4MRevenue

$1.9BAssets

3Red Flags

4Strengths

Red Flags

Significant operational deficits in recent years (e.g., 2023 and 2022), where expenses substantially exceeded revenue.
Fluctuating revenue streams, making long-term financial planning and stability potentially challenging.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.

Strengths

Consistent reporting of 0% officer compensation across all filings, indicating potential for high program spending efficiency or volunteer leadership.
Substantial and growing asset base ($1,936,672,464), providing financial stability and capacity.
Long history of IRS 990 filings (14 filings), demonstrating consistent compliance and transparency in reporting.
Significant revenue generation in some years (e.g., $149,523,718 in 2021), showing capacity for large-scale operations.

Spending Breakdown

How Licr Fund Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Licr Fund Inc

Is Licr Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Licr Fund Inc (EIN: 133573053) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.

Is Licr Fund Inc a good charity to donate to?

Licr Fund Inc has a Mission Score of 75/100. Revenue: $449.4M. Assets: $1.9B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Licr Fund Inc?

The Employer Identification Number (EIN) for Licr Fund Inc is 133573053. 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 Licr Fund Inc spend its money?

Licr Fund Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Licr Fund Inc's tax-exempt status?

You can verify Licr Fund Inc's tax-exempt status using EIN 133573053 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

Licr Fund Inc. exhibits a fluctuating financial performance over the past decade, with significant variations in revenue and expenses. For instance, in 2023, the organization reported revenue of $34,011,187 against expenses of $76,939,694, indicating a substantial deficit for that period. This contrasts sharply with 2021, where revenue was $149,523,718 and expenses were $52,183,278, showing a strong surplus. The organization's assets have generally grown, reaching $1,936,672,464, but liabilities have also seen spikes, such as $31,929,131 in 2020 and $5,734,022 in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that officers are not compensated directly by the organization. However, the lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging.

The organization's financial health appears to be stable given its substantial asset base, but the recurring operational deficits in recent years (e.g., 2023 and 2022) warrant closer examination. While the overall asset growth is positive, the ability to consistently cover expenses with revenue is a concern. The absence of officer compensation is a positive indicator for transparency and potentially for directing more funds to programs, assuming other compensation structures are not in place. Without a detailed functional expense breakdown (program, administrative, fundraising), it's difficult to fully evaluate spending efficiency, but the consistent reporting of financial data over 14 filings indicates a commitment to transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.