Is Lsb Foundation Legit?

Strengths

Consistent positive net income in recent years (e.g., $277,311 revenue vs. $276,657 expenses in 2023).
Zero reported officer compensation across all filings, indicating high potential for mission-directed spending.
Very low liabilities ($1 reported consistently), suggesting strong financial stability and minimal debt.
Steady growth in assets over the past decade, from $91,817 in 2011 to $102,391 in 2023.
Extensive filing history (10 filings) demonstrates consistent transparency and compliance.

Spending Breakdown

How Lsb Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Lsb Foundation

Is Lsb Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, Lsb Foundation (EIN: 201653464) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Lsb Foundation a good charity to donate to?

Lsb Foundation has a Mission Score of 85/100. Revenue: $242K. Assets: $101K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Lsb Foundation?

The Employer Identification Number (EIN) for Lsb Foundation is 201653464. 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 Lsb Foundation spend its money?

Lsb Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Lsb Foundation's tax-exempt status?

You can verify Lsb Foundation's tax-exempt status using EIN 201653464 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 Lsb Foundation demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating sound operational management. For example, in 2023, revenue was $277,311 against expenses of $276,657, and in 2022, revenue was $267,183 against expenses of $232,582. The organization's assets have shown growth, increasing from $91,817 in 2011 to $102,391 in 2023, suggesting a stable financial base. The consistent reporting of $1 in liabilities across most recent filings indicates a very low debt burden, which is a positive sign of financial health.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent positive net income in recent years suggests that the organization is managing its overall expenditures effectively relative to its income. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led or very lean executive model, which can contribute to higher program spending efficiency.

In terms of transparency, the availability of 10 years of IRS 990 filings is a strong indicator. The consistent reporting of key financial metrics like revenue, expenses, assets, and liabilities allows for a clear historical analysis of the organization's financial trajectory. The lack of officer compensation also simplifies the analysis of how funds are allocated, as there isn't a significant portion going towards executive salaries.

Verdict: Lsb Foundation appears trustworthy

Red Flags