Quick charity verification for Lippincott Foundation Inc (EIN: 222760718)
Verdict: Lippincott Foundation Inc shows mixed signals
65/100Mission Score
$32KRevenue
$642KAssets
4Red Flags
2Strengths
Red Flags
Significant and continuous decline in total assets over the past decade, from $1,408,314 in 2014 to $641,987 in 2024.
Highly erratic revenue figures year-over-year, making financial stability difficult to assess.
Expenses frequently exceed revenue, leading to a depletion of assets.
The 0% compensation reported across all years raises questions about how operational and administrative tasks are managed without paid staff.
Strengths
Consistent reporting of 0% compensation suggests a lean operational model, potentially maximizing funds for programs if effectively managed.
Long operational history, with filings dating back to 2014, indicating sustained existence.
AI Transparency Report
Lippincott Foundation Inc is a philanthropy, voluntarism & grantmaking nonprofit based in North Haven, Connecticut, with reported revenue of $32K and assets of $642K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. The Lippincott Foundation consistently reports 0% compensation, suggesting no paid executive staff, which could indicate a volunteer-run organization or a lack of transparency regarding compensation sources if services are rendered. Revenue has grown +146% across 11 filing periods.