Ethel M Looram Foundation Incorporated
EIN: 526047724 · Baltimore, MD
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $107K |
| Net Assets | $1.6M |
Is Ethel M Looram Foundation Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ethel M Looram Foundation Incorporated
Ethel M Looram Foundation Incorporated (EIN: 526047724) is a nonprofit organization based in Baltimore, MD. The organization reported total revenue of $361K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ethel M Looram Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ethel M Looram Foundation Incorporated is a small nonprofit that has been operating for 65 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $107K |
| Surplus / Deficit | $-39,906 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -59.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.3 months |
Financial Health Grade: B
In 2023, Ethel M Looram Foundation Incorporated reported a deficit of $40K with expenses exceeding revenue, holds 183.3 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), Ethel M Looram Foundation Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.0% | -10.0% | -2.4% |
| 2022 | +60.5% | -1.0% | +0.6% |
| 2021 | +274.3% | +6.0% | -2.3% |
| 2020 | -88.1% | -2.5% | -5.1% |
| 2019 | -25.7% | +9.6% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1961 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ethel M Looram Foundation Incorporated 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 Ethel M Looram Foundation Incorporated 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Ethel M Looram Foundation Incorporated
Is Ethel M Looram Foundation Incorporated a legitimate charity?
Ethel M Looram Foundation Incorporated (EIN: 526047724) is a registered tax-exempt nonprofit based in Maryland. It has 10 years of IRS 990 filings on record. Total revenue: $361K. No red flags identified. Financial health grade: B.
How does Ethel M Looram Foundation Incorporated spend its money?
Ethel M Looram Foundation Incorporated reported $361K 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 Ethel M Looram Foundation Incorporated tax-deductible?
Ethel M Looram Foundation Incorporated is registered as a tax-exempt nonprofit (EIN: 526047724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ethel M Looram Foundation Incorporated located?
Ethel M Looram Foundation Incorporated is headquartered in Baltimore, Maryland and files with the IRS under EIN 526047724.
How many years of IRS 990 filings does Ethel M Looram Foundation Incorporated have?
Ethel M Looram Foundation Incorporated 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 $361K in total revenue.
Filing History
IRS 990 filing history for Ethel M Looram Foundation Incorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ethel M Looram Foundation Incorporated's revenue has declined by 33.6%, moving from $100K to $67K. Total assets decreased by 2.2% over the same period, from $1.7M to $1.6M. Total functional expenses rose by 29.7%, from $82K to $107K. In its most recent filing year (2023), Ethel M Looram Foundation Incorporated reported a deficit of $40K, 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 | $67K | $107K | $1.6M | $1 | — | View 990 |
| 2022 | $128K | $119K | $1.7M | $1 | — | View 990 |
| 2021 | $80K | $120K | $1.7M | $1 | — | — |
| 2020 | $21K | $113K | $1.7M | $1 | — | — |
| 2019 | $179K | $116K | $1.8M | $0 | — | View 990 |
| 2015 | $241K | $106K | $1.8M | $0 | — | View 990 |
| 2014 | $99K | $115K | $1.6M | $0 | — | View 990 |
| 2013 | $89K | $95K | $1.7M | $0 | — | View 990 |
| 2012 | $86K | $92K | $1.7M | $0 | — | View 990 |
| 2011 | $100K | $82K | $1.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $107K, and assets of $1.6M (revenue -48.0% year-over-year).
- 2022: Revenue of $128K, expenses of $119K, and assets of $1.7M (revenue +60.5% year-over-year).
- 2021: Revenue of $80K, expenses of $120K, and assets of $1.7M (revenue +274.3% year-over-year).
- 2020: Revenue of $21K, expenses of $113K, and assets of $1.7M (revenue -88.1% year-over-year).
- 2019: Revenue of $179K, expenses of $116K, and assets of $1.8M (revenue -25.7% year-over-year).
- 2015: Revenue of $241K, expenses of $106K, and assets of $1.8M (revenue +142.3% year-over-year).
- 2014: Revenue of $99K, expenses of $115K, and assets of $1.6M (revenue +11.2% year-over-year).
- 2013: Revenue of $89K, expenses of $95K, and assets of $1.7M (revenue +4.5% year-over-year).
- 2012: Revenue of $86K, expenses of $92K, and assets of $1.7M (revenue -14.8% year-over-year).
- 2011: Revenue of $100K, expenses of $82K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ethel M Looram Foundation Incorporated:
Data Sources and Methodology
This transparency report for Ethel M Looram Foundation Incorporated 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.