Charles Lafitte Foundation
Charles Lafitte Foundation maintains substantial assets and zero officer compensation amidst fluctuating, yet often high, revenue.
EIN: 134034999 · Jupiter, FL · NTEE: T22 · Updated: 2026-03-28
Is Charles Lafitte Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles Lafitte Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles Lafitte Foundation
Charles Lafitte Foundation (EIN: 134034999) is a nonprofit organization based in Jupiter, FL, classified under NTEE code T22. The organization reported total revenue of $977K and total assets of $36.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles Lafitte Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles Lafitte Foundation is a small nonprofit that has been operating for 26 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 43.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.6M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$23.8M |
| Total Assets | $36.8M |
| Total Liabilities | $26K |
| Net Assets | $36.8M |
| Operating Margin | 89.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 156.3 months |
Financial Health Grade: A
In 2023, Charles Lafitte Foundation reported a surplus of $23.8M with revenue exceeding expenses, holds 156.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Charles Lafitte Foundation's revenue has grown at a compound annual growth rate (CAGR) of 43.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.8% | +70.3% | +157.0% |
| 2022 | +2412.0% | -36.3% | -0.1% |
| 2021 | -41.7% | +64.8% | +2.2% |
| 2020 | +1910.5% | +17.0% | +62.6% |
| 2016 | -97.9% | +18.5% | -13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charles Lafitte Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Charles Lafitte Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers and directors are not receiving salaries from the foundation, which is a strong positive for donor confidence and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Charles Lafitte Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, potentially indicating reliance on large, infrequent donations rather than a diversified funding base.
Strengths
The following positive indicators were identified for Charles Lafitte Foundation:
- Zero officer compensation across all reported periods, demonstrating a strong commitment to directing funds towards the mission.
- Substantial and growing asset base, providing long-term financial stability and capacity for philanthropic activities (e.g., $36,837,267 in 2023).
- Expenses consistently lower than revenue in most recent periods, indicating efficient financial management.
- Strong program spending ratio, as implied by low administrative and fundraising costs and zero executive compensation.
Frequently Asked Questions about Charles Lafitte Foundation
Is Charles Lafitte Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charles Lafitte Foundation (EIN: 134034999) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Charles Lafitte Foundation spend its money?
Charles Lafitte Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charles Lafitte Foundation tax-deductible?
Charles Lafitte Foundation is registered as a tax-exempt nonprofit (EIN: 134034999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Charles Lafitte Foundation a good charity?
Based on the available financial data, the Charles Lafitte Foundation appears to be a very good charity. It has substantial assets ($36,013,776 latest reported), consistently low expenses relative to revenue in most years, and reports 0% officer compensation, indicating that funds are directed towards its mission rather than executive salaries.
How does the foundation manage its large assets?
The foundation holds significant assets, reaching $36,837,267 in 2023. While the specific investment strategy isn't detailed in this summary, the growth in assets from $2.9 million in 2012 to over $36 million suggests effective asset management, likely through investments, to support its long-term philanthropic goals.
What caused the significant revenue increase in 2022 and 2023?
The revenue saw a dramatic increase from $834,659 in 2021 to $20,966,519 in 2022 and $26,581,015 in 2023. This suggests the foundation received one or more very large contributions or grants during these periods, significantly boosting its financial capacity.
Filing History
IRS 990 filing history for Charles Lafitte Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Charles Lafitte Foundation's revenue has grown by 5215.7%, moving from $500K to $26.6M. Total assets increased by 1129% over the same period, from $3.0M to $36.8M. Total functional expenses rose by 327.7%, from $661K to $2.8M. In its most recent filing year (2023), Charles Lafitte Foundation reported a surplus of $23.8M, with revenue exceeding expenses. The organization holds $26K in liabilities against $36.8M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $36.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.6M | $2.8M | $36.8M | $26K | — | — |
| 2022 | $21.0M | $1.7M | $14.3M | $1.7M | — | View 990 |
| 2021 | $835K | $2.6M | $14.3M | $1.0M | — | View 990 |
| 2020 | $1.4M | $1.6M | $14.0M | $13K | — | View 990 |
| 2016 | $71K | $1.4M | $8.6M | $2K | — | View 990 |
| 2015 | $3.3M | $1.1M | $10.0M | $57K | — | View 990 |
| 2014 | $4.5M | $861K | $7.8M | $44K | — | View 990 |
| 2013 | $1.8M | $549K | $4.2M | $34K | — | View 990 |
| 2012 | $500K | $661K | $3.0M | $105K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.6M, expenses of $2.8M, and assets of $36.8M (revenue +26.8% year-over-year).
- 2022: Revenue of $21.0M, expenses of $1.7M, and assets of $14.3M (revenue +2412.0% year-over-year).
- 2021: Revenue of $835K, expenses of $2.6M, and assets of $14.3M (revenue -41.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $14.0M (revenue +1910.5% year-over-year).
- 2016: Revenue of $71K, expenses of $1.4M, and assets of $8.6M (revenue -97.9% year-over-year).
- 2015: Revenue of $3.3M, expenses of $1.1M, and assets of $10.0M (revenue -25.8% year-over-year).
- 2014: Revenue of $4.5M, expenses of $861K, and assets of $7.8M (revenue +151.7% year-over-year).
- 2013: Revenue of $1.8M, expenses of $549K, and assets of $4.2M (revenue +255.2% year-over-year).
- 2012: Revenue of $500K, expenses of $661K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles Lafitte Foundation:
Data Sources and Methodology
This transparency report for Charles Lafitte Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.