Quick charity verification for The Loftus Family Foundation (EIN: 208067422)
Verdict: The Loftus Family Foundation appears trustworthy
75/100Mission Score
$5.1MRevenue
$6.3MAssets
2Red Flags
4Strengths
Red Flags
Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023 expenses $424,945 vs. revenue $314,470).
Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
Minimal liabilities ($1 across all filings) demonstrating strong financial stability and low debt.
Consistent filing of IRS Form 990s over a decade, indicating good regulatory compliance and transparency.
Substantial asset base ($5,133,751 in 2023) provides a strong financial cushion for future grantmaking.
Spending Breakdown
How The Loftus Family Foundation 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 The Loftus Family Foundation
Is The Loftus Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Loftus Family Foundation (EIN: 208067422) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is The Loftus Family Foundation a good charity to donate to?
The Loftus Family Foundation has a Mission Score of 75/100. Revenue: $5.1M. Assets: $6.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Loftus Family Foundation?
The Employer Identification Number (EIN) for The Loftus Family Foundation is 208067422. 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 Loftus Family Foundation spend its money?
The Loftus Family Foundation allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Loftus Family Foundation's tax-exempt status?
You can verify The Loftus Family Foundation's tax-exempt status using EIN 208067422 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 Loftus Family Foundation appears to be a private foundation, as indicated by its consistent revenue streams and asset base, with minimal liabilities. Its financial health shows a pattern of expenses often exceeding revenue in recent years, such as in 2023 where expenses were $424,945 against revenues of $314,470, and in 2022 with expenses of $326,700 against revenues of $258,402. This suggests it is drawing down on its substantial asset base, which stood at $5,133,751 in 2023, down from $6,413,133 in 2011. The organization consistently reports 0% officer compensation, which is a positive indicator for spending efficiency and transparency regarding executive pay.
Given the nature of a private foundation, its spending efficiency is primarily measured by its grant-making activities relative to its administrative costs. Without a detailed breakdown of program service expenses versus administrative and fundraising costs, a precise assessment of spending efficiency is challenging. However, the absence of officer compensation suggests a lean operational structure at the top. The consistent filing of IRS Form 990s over a decade demonstrates a commitment to regulatory transparency.
Overall, while the foundation is drawing down on its assets, its minimal liabilities and lack of executive compensation are positive signs. Further analysis would require a detailed breakdown of its expenses to fully understand its program spending efficiency. The consistent filing history and 0% officer compensation contribute positively to its transparency profile.