David T Langrock Foundation
EIN: 56039393 · Westport, CT
| Metric | Value |
|---|---|
| Total Revenue | $319K |
| Total Expenses | $123K |
| Net Assets | $1.6M |
Is David T Langrock Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About David T Langrock Foundation
David T Langrock Foundation (EIN: 56039393) is a nonprofit organization based in Westport, CT. The organization reported total revenue of $319K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of David T Langrock Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
David T Langrock Foundation is a small nonprofit that has been operating for 53 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43K |
| Total Expenses | $123K |
| Surplus / Deficit | $-79,638 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -184.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 158.4 months |
Financial Health Grade: B
In 2023, David T Langrock Foundation reported a deficit of $80K with expenses exceeding revenue, holds 158.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), David T Langrock Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | +96.4% | -4.8% |
| 2022 | +141.5% | -36.6% | -1.9% |
| 2021 | -64.1% | +1.2% | -3.0% |
| 2020 | +32.2% | -7.9% | -2.4% |
| 2019 | -70.1% | +3.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for David T Langrock Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates David T Langrock Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about David T Langrock Foundation
Is David T Langrock Foundation a legitimate charity?
David T Langrock Foundation (EIN: 56039393) is a registered tax-exempt nonprofit based in Connecticut. It has 10 years of IRS 990 filings on record. Total revenue: $319K. No red flags identified. Financial health grade: B.
How does David T Langrock Foundation spend its money?
David T Langrock Foundation reported $319K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to David T Langrock Foundation tax-deductible?
David T Langrock Foundation is registered as a tax-exempt nonprofit (EIN: 56039393). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is David T Langrock Foundation located?
David T Langrock Foundation is headquartered in Westport, Connecticut and files with the IRS under EIN 56039393.
How many years of IRS 990 filings does David T Langrock Foundation have?
David T Langrock Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $319K in total revenue.
Filing History
IRS 990 filing history for David T Langrock Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), David T Langrock Foundation's revenue has declined by 26.9%, moving from $59K to $43K. Total assets decreased by 8.8% over the same period, from $1.8M to $1.6M. Total functional expenses rose by 42.5%, from $86K to $123K. In its most recent filing year (2023), David T Langrock Foundation reported a deficit of $80K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43K | $123K | $1.6M | $1 | — | View 990 |
| 2022 | $46K | $63K | $1.7M | $1 | — | View 990 |
| 2021 | $19K | $99K | $1.7M | $1 | — | View 990 |
| 2020 | $54K | $97K | $1.8M | $1 | — | View 990 |
| 2019 | $41K | $106K | $1.8M | $1 | — | View 990 |
| 2015 | $135K | $102K | $1.8M | $0 | — | View 990 |
| 2014 | $103K | $117K | $1.8M | $0 | — | View 990 |
| 2013 | $118K | $87K | $1.8M | $0 | — | View 990 |
| 2012 | $68K | $89K | $1.8M | $0 | — | View 990 |
| 2011 | $59K | $86K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43K, expenses of $123K, and assets of $1.6M (revenue -7.3% year-over-year).
- 2022: Revenue of $46K, expenses of $63K, and assets of $1.7M (revenue +141.5% year-over-year).
- 2021: Revenue of $19K, expenses of $99K, and assets of $1.7M (revenue -64.1% year-over-year).
- 2020: Revenue of $54K, expenses of $97K, and assets of $1.8M (revenue +32.2% year-over-year).
- 2019: Revenue of $41K, expenses of $106K, and assets of $1.8M (revenue -70.1% year-over-year).
- 2015: Revenue of $135K, expenses of $102K, and assets of $1.8M (revenue +31.0% year-over-year).
- 2014: Revenue of $103K, expenses of $117K, and assets of $1.8M (revenue -12.6% year-over-year).
- 2013: Revenue of $118K, expenses of $87K, and assets of $1.8M (revenue +74.5% year-over-year).
- 2012: Revenue of $68K, expenses of $89K, and assets of $1.8M (revenue +15.1% year-over-year).
- 2011: Revenue of $59K, expenses of $86K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for David T Langrock Foundation:
Data Sources and Methodology
This transparency report for David T Langrock 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.