La Farge Heritage Foundation Of Newport
EIN: 50488343 · Newport, RI · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $570K |
| Net Assets | $508K |
Is La Farge Heritage Foundation Of Newport Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About La Farge Heritage Foundation Of Newport
La Farge Heritage Foundation Of Newport (EIN: 50488343) is a nonprofit organization based in Newport, RI, classified under NTEE code A20. The organization reported total revenue of $114K and total assets of $256K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Farge Heritage Foundation Of Newport's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Farge Heritage Foundation Of Newport is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $570K |
| Surplus / Deficit | $-535,170 |
| Total Assets | $508K |
| Net Assets | $508K |
| Operating Margin | -1526.3% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, La Farge Heritage Foundation Of Newport reported a deficit of $535K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), La Farge Heritage Foundation Of Newport's revenue has declined at a compound annual growth rate (CAGR) of -15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.9% | -14.0% | -51.6% |
| 2022 | +145.8% | +390.0% | +20.9% |
| 2021 | -8.8% | +56.3% | +31.6% |
| 2020 | +362.8% | -64.7% | +78.8% |
| 2019 | -75.7% | -50.1% | -30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for La Farge Heritage Foundation Of Newport 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 La Farge Heritage Foundation Of Newport 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 $535K, with expenses exceeding revenue.
Frequently Asked Questions about La Farge Heritage Foundation Of Newport
Is La Farge Heritage Foundation Of Newport a legitimate charity?
Based on AI analysis of IRS 990 filings, La Farge Heritage Foundation Of Newport (EIN: 50488343) insufficient data. 0 red flags identified, 0 strengths noted.
How does La Farge Heritage Foundation Of Newport spend its money?
Detailed spending breakdown data is not yet available for La Farge Heritage Foundation Of Newport. Check back for updated IRS 990 analysis.
Are donations to La Farge Heritage Foundation Of Newport tax-deductible?
La Farge Heritage Foundation Of Newport is registered as a tax-exempt nonprofit (EIN: 50488343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is La Farge Heritage Foundation Of Newport located?
La Farge Heritage Foundation Of Newport is headquartered in Newport, Rhode Island and files with the IRS under EIN 50488343. It is classified under NTEE code A20.
How many years of IRS 990 filings does La Farge Heritage Foundation Of Newport have?
La Farge Heritage Foundation Of Newport has 13 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 $114K in total revenue.
Filing History
IRS 990 filing history for La Farge Heritage Foundation Of Newport showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), La Farge Heritage Foundation Of Newport's revenue has declined by 87.1%, moving from $272K to $35K. Total assets increased by 92.6% over the same period, from $264K to $508K. Total functional expenses rose by 2967.9%, from $19K to $570K. In its most recent filing year (2023), La Farge Heritage Foundation Of Newport reported a deficit of $535K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $570K | $508K | $0 | — | — |
| 2022 | $845K | $663K | $1.0M | $0 | — | — |
| 2021 | $344K | $135K | $867K | $0 | — | View 990 |
| 2020 | $377K | $87K | $659K | $0 | — | View 990 |
| 2019 | $81K | $245K | $369K | $0 | — | View 990 |
| 2018 | $335K | $491K | $532K | $0 | — | View 990 |
| 2017 | $280K | $266K | $693K | $4K | — | View 990 |
| 2016 | $474K | $274K | $713K | $38K | — | View 990 |
| 2015 | $119K | $104K | $540K | $64K | — | View 990 |
| 2014 | $318K | $142K | $507K | $47K | — | View 990 |
| 2013 | $33K | $84K | $679K | $3K | — | View 990 |
| 2012 | $508K | $42K | $730K | $3K | — | View 990 |
| 2011 | $272K | $19K | $264K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $570K, and assets of $508K (revenue -95.9% year-over-year).
- 2022: Revenue of $845K, expenses of $663K, and assets of $1.0M (revenue +145.8% year-over-year).
- 2021: Revenue of $344K, expenses of $135K, and assets of $867K (revenue -8.8% year-over-year).
- 2020: Revenue of $377K, expenses of $87K, and assets of $659K (revenue +362.8% year-over-year).
- 2019: Revenue of $81K, expenses of $245K, and assets of $369K (revenue -75.7% year-over-year).
- 2018: Revenue of $335K, expenses of $491K, and assets of $532K (revenue +19.8% year-over-year).
- 2017: Revenue of $280K, expenses of $266K, and assets of $693K (revenue -41.0% year-over-year).
- 2016: Revenue of $474K, expenses of $274K, and assets of $713K (revenue +298.0% year-over-year).
- 2015: Revenue of $119K, expenses of $104K, and assets of $540K (revenue -62.6% year-over-year).
- 2014: Revenue of $318K, expenses of $142K, and assets of $507K (revenue +870.3% year-over-year).
- 2013: Revenue of $33K, expenses of $84K, and assets of $679K (revenue -93.5% year-over-year).
- 2012: Revenue of $508K, expenses of $42K, and assets of $730K (revenue +86.9% year-over-year).
- 2011: Revenue of $272K, expenses of $19K, and assets of $264K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Farge Heritage Foundation Of Newport:
Data Sources and Methodology
This transparency report for La Farge Heritage Foundation Of Newport 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.