Is Richard Lounsbery Foundation Inc Legit?…

Quick charity verification for Richard Lounsbery Foundation Inc (EIN: 136081860)

Strengths

Zero reported officer compensation across all filings, indicating high efficiency in executive leadership.
Substantial and stable asset base (over $20 million) provides strong financial stability for grant-making.
Consistent history of active spending, with expenses often meeting or exceeding revenue, suggesting active distribution of funds.
Long filing history (10 filings) indicates an established and stable organization.

Spending Breakdown

How Richard Lounsbery Foundation Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 Richard Lounsbery Foundation Inc

Is Richard Lounsbery Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Richard Lounsbery Foundation Inc (EIN: 136081860) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Richard Lounsbery Foundation Inc a good charity to donate to?

Richard Lounsbery Foundation Inc has a Mission Score of 85/100. Revenue: $13.7M. Assets: $22.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Richard Lounsbery Foundation Inc?

The Employer Identification Number (EIN) for Richard Lounsbery Foundation Inc is 136081860. 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 Richard Lounsbery Foundation Inc spend its money?

Richard Lounsbery Foundation Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Richard Lounsbery Foundation Inc's tax-exempt status?

You can verify Richard Lounsbery Foundation Inc's tax-exempt status using EIN 136081860 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 Richard Lounsbery Foundation Inc. demonstrates a consistent pattern of grant-making, with expenses generally aligning with or exceeding revenue in recent years, indicating active distribution of funds rather than significant accumulation. For instance, in 2023, expenses were $4,535,840 against revenues of $2,968,965. The foundation maintains substantial assets, reported at $23,041,584 in 2023, which provides a strong base for its philanthropic activities. A notable aspect of its financial structure is the consistently reported zero officer compensation across all available filings, suggesting a volunteer-led or externally managed executive structure, which can be a positive indicator of efficiency.

While the filings show a healthy asset base and active spending, the absence of detailed NTEE codes or a breakdown of program, administrative, and fundraising expenses in the provided data limits a precise assessment of spending efficiency. However, the consistent liabilities of $1 in recent years (2020-2023) are unusual and might warrant further investigation into the nature of these liabilities. The foundation's long filing history (10 filings) suggests a stable and established operation.

Overall, the foundation appears financially sound with a strong asset base and a commitment to distributing funds. The lack of officer compensation is a significant positive for efficiency. However, without a detailed breakdown of expenses, a full assessment of spending efficiency and program impact is challenging. The consistent $1 liability is a minor but curious detail.

Is Richard Lounsbery Foundation Inc Legit?

Verdict: Richard Lounsbery Foundation Inc appears trustworthy

Red Flags