Quick charity verification for Limpe Foundation (EIN: 133639369)
Verdict: Limpe Foundation shows mixed signals
45/100Mission Score
$138KRevenue
$456KAssets
3Red Flags
3Strengths
Red Flags
Consistent deficit spending: Expenses have exceeded revenue in most recent years (e.g., 2023, 2022, 2021).
Significant decline in assets: Assets decreased from $714,953 in 2019 to $465,222 in 2023, a 35% reduction.
Unclear program efficiency: Without detailed expense breakdowns, it's difficult to assess how much of the spending directly supports programs versus other overhead.
Strengths
Zero officer compensation: No reported executive compensation, indicating efficient use of funds in this area.
No reported liabilities: The organization consistently reports $1 in liabilities, suggesting a debt-free operation.
Consistent filing history: 10 available IRS 990 filings demonstrate a commitment to transparency and reporting.
Spending Breakdown
How Limpe Foundation 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 Limpe Foundation
Is Limpe Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Limpe Foundation (EIN: 133639369) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
Is Limpe Foundation a good charity to donate to?
Limpe Foundation has a Mission Score of 45/100. Revenue: $138K. Assets: $456K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Limpe Foundation?
The Employer Identification Number (EIN) for Limpe Foundation is 133639369. 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 Limpe Foundation spend its money?
Limpe Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Limpe Foundation's tax-exempt status?
You can verify Limpe Foundation's tax-exempt status using EIN 133639369 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 Limpe Foundation exhibits a concerning financial trend, consistently spending more than it generates in revenue over the past several years. For instance, in 2023, expenses were $120,674 against revenues of $95,682, and in 2022, expenses were $94,373 against revenues of $31,783. This persistent deficit spending has led to a significant decline in assets, from a peak of $714,953 in 2019 to $465,222 in 2023. While the organization reports zero officer compensation, which is a positive sign for minimizing administrative overhead, the overall financial sustainability is questionable given the consistent draw-down on assets.
The organization's transparency is generally good, with 10 filings available, indicating regular reporting. However, without detailed program expense breakdowns, it's difficult to fully assess spending efficiency beyond the top-line revenue and expense figures. The lack of liabilities across all reported periods suggests a conservative approach to debt, which is a strength. However, the continuous decline in assets due to operating deficits raises concerns about its long-term viability and ability to sustain its mission without a significant increase in revenue or reduction in expenses.
Given the available data, the Limpe Foundation appears to be drawing down its endowment or accumulated assets to cover operational costs. While officer compensation is zero, the overall expense structure relative to revenue is unsustainable. A deeper dive into the nature of these expenses would be necessary to determine if they are primarily program-related or if there are other significant administrative or fundraising costs contributing to the deficit.