Quick charity verification for The Lloyd Foundation Inc (EIN: 203374019)
Verdict: The Lloyd Foundation Inc appears trustworthy
75/100Mission Score
$18KRevenue
$100Assets
2Red Flags
4Strengths
Red Flags
Consistent expenses exceeding revenue in multiple periods (e.g., 2018, 2017, 2015, 2013, 2012, 2011) could indicate reliance on prior year surpluses or other funding not captured as revenue, or a pattern of operating at a deficit.
Extremely low asset base ($100 in 2018) suggests minimal financial cushion for unexpected events or future growth.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency in executive costs.
Consistent reporting of $0 liabilities, suggesting no outstanding debt.
Regular and consistent filing of IRS Form 990s, demonstrating good transparency and compliance.
Operates on a very lean model with minimal overhead, as evidenced by low assets and no executive pay.
Spending Breakdown
How The Lloyd Foundation Inc 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 The Lloyd Foundation Inc
Is The Lloyd Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Lloyd Foundation Inc (EIN: 203374019) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is The Lloyd Foundation Inc a good charity to donate to?
The Lloyd Foundation Inc has a Mission Score of 75/100. Revenue: $18K. Assets: $100. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Lloyd Foundation Inc?
The Employer Identification Number (EIN) for The Lloyd Foundation Inc is 203374019. 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 The Lloyd Foundation Inc spend its money?
The Lloyd Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Lloyd Foundation Inc's tax-exempt status?
You can verify The Lloyd Foundation Inc's tax-exempt status using EIN 203374019 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 Lloyd Foundation Inc appears to be a very small organization with limited financial activity. Its latest reported revenue in 2018 was $17,867, with expenses slightly exceeding this at $19,214, indicating a minor deficit. Over its filing history, revenue has fluctuated, with a high of $29,944 in 2011 and a low of $1,031 in 2013. The organization consistently reports very low assets, with the latest being only $100, suggesting it operates on a near cash-flow basis without significant reserves or endowments. Liabilities are consistently reported as $0, which is a positive indicator of financial stability in terms of debt.
Given the small scale, the organization's spending efficiency is difficult to fully assess without detailed expense breakdowns beyond what is typically available for such small entities. However, the consistent reporting of 0% officer compensation across all filings suggests that executive costs are not a drain on resources, which is a strong positive for efficiency. The lack of significant assets or complex financial structures simplifies its financial picture, making it relatively transparent in its basic operations. The consistent filing of IRS Form 990s demonstrates a commitment to regulatory compliance and transparency, despite its modest size.