Is Louis & Frances B Booke Memorial Foundation Inc Legit?
Quick charity verification for Louis & Frances B Booke Memorial Foundation Inc (EIN: 203950230)
Verdict: Louis & Frances B Booke Memorial Foundation Inc appears trustworthy
70/100Mission Score
$212KRevenue
$717KAssets
2Red Flags
4Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) over multiple years, leading to asset depletion.
Declining asset base from $1,064,052 in 2012 to $716,523 in 2024.
Strengths
Zero reported officer compensation, indicating high efficiency in leadership costs.
Very low liabilities ($1 consistently reported), showing strong financial control.
Consistent IRS 990 filing history (10 filings), indicating transparency and compliance.
Active grant-making, as evidenced by consistent expenses even when exceeding revenue.
Spending Breakdown
How Louis & Frances B Booke Memorial Foundation Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
0%
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 Louis & Frances B Booke Memorial Foundation Inc
Is Louis & Frances B Booke Memorial Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louis & Frances B Booke Memorial Foundation Inc (EIN: 203950230) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
Is Louis & Frances B Booke Memorial Foundation Inc a good charity to donate to?
Louis & Frances B Booke Memorial Foundation Inc has a Mission Score of 70/100. Revenue: $212K. Assets: $717K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Louis & Frances B Booke Memorial Foundation Inc?
The Employer Identification Number (EIN) for Louis & Frances B Booke Memorial Foundation Inc is 203950230. 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 Louis & Frances B Booke Memorial Foundation Inc spend its money?
Louis & Frances B Booke Memorial Foundation Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Louis & Frances B Booke Memorial Foundation Inc's tax-exempt status?
You can verify Louis & Frances B Booke Memorial Foundation Inc's tax-exempt status using EIN 203950230 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 Louis & Frances B Booke Memorial Foundation Inc. demonstrates consistent financial activity, operating as a grant-making foundation. Over the past decade, its assets have gradually decreased from $1,064,052 in 2012 to $716,523 in 2024, while expenses have generally exceeded revenue in most periods, indicating a reliance on its endowment to fund operations and grants. For instance, in 2024, revenue was $52,499 against expenses of $85,350. The organization maintains a very low liability profile, consistently reporting only $1 in liabilities, which is a positive indicator of financial stability. The absence of officer compensation across all reported periods suggests a volunteer-driven leadership or that compensation is handled through other means not reported as officer compensation, which can be a sign of efficiency in administrative costs.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative and fundraising costs, which are not provided in the summary data. However, the consistent deficit spending suggests that the foundation is actively distributing funds, potentially drawing down its principal to fulfill its mission. The lack of officer compensation is a strong positive for efficiency. Transparency appears adequate given the consistent filing of IRS Form 990s, but a deeper dive into the full filings would be needed to confirm the level of detail provided regarding grant recipients and operational expenditures. The foundation's consistent operation over a long period, despite asset drawdowns, indicates a commitment to its mission.