Florence And Laurence Spungenfamily Foundation
Florence And Laurence Spungenfamily Foundation shows strong asset growth and low liabilities with no reported officer compensation.
EIN: 207155204 · Lincolnshire, IL · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $22.2M |
| Transparency Score | 95/100 |
Is Florence And Laurence Spungenfamily Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florence And Laurence Spungenfamily Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florence And Laurence Spungenfamily Foundation
Florence And Laurence Spungenfamily Foundation (EIN: 207155204) is a nonprofit organization based in Lincolnshire, IL, classified under NTEE code T20. The organization reported total revenue of $5.2M and total assets of $22.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence And Laurence Spungenfamily Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florence And Laurence Spungenfamily Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $22.2M |
| Total Liabilities | $9K |
| Net Assets | $22.2M |
| Operating Margin | 55.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.8 months |
Financial Health Grade: A
In 2023, Florence And Laurence Spungenfamily Foundation reported a surplus of $1.6M with revenue exceeding expenses, holds 201.8 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), Florence And Laurence Spungenfamily Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -81.5% | +28.2% | +7.7% |
| 2022 | +2524.9% | +47.3% | +138.3% |
| 2021 | +67.7% | +20.9% | +0.7% |
| 2020 | -5.7% | -5.9% | -4.2% |
| 2019 | +228.8% | +71.8% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Florence And Laurence Spungenfamily Foundation with a Mission Score of 95 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Florence And Laurence Spungenfamily Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the foundation. This is highly favorable, suggesting that all operational funds are directed towards the foundation's charitable activities.
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.
Strengths
The following positive indicators were identified for Florence And Laurence Spungenfamily Foundation:
- Significant asset growth from $3,064,110 in 2011 to $22,234,627 in 2023.
- Consistent reporting of 0% officer compensation, indicating high program focus.
- Low liabilities relative to substantial assets, demonstrating financial stability.
- Strong revenue generation, with the latest reported revenue at $5,246,992 and a peak of $15,852,874 in 2022.
- Efficient spending with expenses consistently lower than revenue in most periods.
Frequently Asked Questions about Florence And Laurence Spungenfamily Foundation
Is Florence And Laurence Spungenfamily Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Florence And Laurence Spungenfamily Foundation (EIN: 207155204) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Florence And Laurence Spungenfamily Foundation spend its money?
Florence And Laurence Spungenfamily Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Florence And Laurence Spungenfamily Foundation tax-deductible?
Florence And Laurence Spungenfamily Foundation is registered as a tax-exempt nonprofit (EIN: 207155204). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Florence And Laurence Spungenfamily Foundation's spending goes to programs?
Florence And Laurence Spungenfamily Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Florence And Laurence Spungenfamily Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Florence And Laurence Spungenfamily Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Florence And Laurence Spungenfamily Foundation located?
Florence And Laurence Spungenfamily Foundation is headquartered in Lincolnshire, Illinois and files with the IRS under EIN 207155204. It is classified under NTEE code T20.
How many years of IRS 990 filings does Florence And Laurence Spungenfamily Foundation have?
Florence And Laurence Spungenfamily 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 $5.2M in total revenue.
Is the Florence And Laurence Spungenfamily Foundation financially stable?
Yes, the foundation is financially stable, with assets growing from $3,064,110 in 2011 to $22,234,627 in 2023, and liabilities consistently low relative to assets.
How efficient is the foundation's spending?
The foundation appears highly efficient, with expenses often significantly lower than revenue, such as $1,322,236 in expenses against $2,936,247 in revenue in 2023, and no reported officer compensation.
Does the foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no officers receive salaries from the foundation.
Filing History
IRS 990 filing history for Florence And Laurence Spungenfamily Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Florence And Laurence Spungenfamily Foundation's revenue has grown by 291.5%, moving from $750K to $2.9M. Total assets increased by 625.6% over the same period, from $3.1M to $22.2M. Total functional expenses rose by 963.7%, from $124K to $1.3M. In its most recent filing year (2023), Florence And Laurence Spungenfamily Foundation reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $9K in liabilities against $22.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $22.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $1.3M | $22.2M | $9K | — | View 990 |
| 2022 | $15.9M | $1.0M | $20.6M | $8K | — | View 990 |
| 2021 | $604K | $700K | $8.7M | $14K | — | View 990 |
| 2020 | $360K | $579K | $8.6M | $749 | — | View 990 |
| 2019 | $382K | $616K | $9.0M | $339 | — | View 990 |
| 2015 | $116K | $358K | $9.0M | $1 | — | View 990 |
| 2014 | $5.3M | $207K | $9.2M | $1 | — | View 990 |
| 2013 | $245K | $213K | $4.1M | $1 | — | View 990 |
| 2012 | $1.2M | $166K | $4.1M | $1 | — | View 990 |
| 2011 | $750K | $124K | $3.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $1.3M, and assets of $22.2M (revenue -81.5% year-over-year).
- 2022: Revenue of $15.9M, expenses of $1.0M, and assets of $20.6M (revenue +2524.9% year-over-year).
- 2021: Revenue of $604K, expenses of $700K, and assets of $8.7M (revenue +67.7% year-over-year).
- 2020: Revenue of $360K, expenses of $579K, and assets of $8.6M (revenue -5.7% year-over-year).
- 2019: Revenue of $382K, expenses of $616K, and assets of $9.0M (revenue +228.8% year-over-year).
- 2015: Revenue of $116K, expenses of $358K, and assets of $9.0M (revenue -97.8% year-over-year).
- 2014: Revenue of $5.3M, expenses of $207K, and assets of $9.2M (revenue +2087.3% year-over-year).
- 2013: Revenue of $245K, expenses of $213K, and assets of $4.1M (revenue -79.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $166K, and assets of $4.1M (revenue +55.9% year-over-year).
- 2011: Revenue of $750K, expenses of $124K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florence And Laurence Spungenfamily Foundation:
Data Sources and Methodology
This transparency report for Florence And Laurence Spungenfamily 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.