Lacewing Foundation
Lacewing Foundation consistently spends more than it earns, leading to a steady decline in assets over the past decade.
EIN: 201891949 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $118K |
| Program Spending | 75% |
| Net Assets | $337K |
| Transparency Score | 60/100 |
Is Lacewing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lacewing Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lacewing Foundation
Lacewing Foundation (EIN: 201891949) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $230K and total assets of $209K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lacewing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lacewing Foundation is a small 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 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $118K |
| Surplus / Deficit | $-30,470 |
| Total Assets | $337K |
| Total Liabilities | $1 |
| Net Assets | $337K |
| Operating Margin | -34.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 34.2 months |
Financial Health Grade: B
In 2023, Lacewing Foundation reported a deficit of $30K with expenses exceeding revenue, holds 34.2 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), Lacewing Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +90.7% | -6.1% | -8.3% |
| 2022 | -64.1% | -10.3% | -17.9% |
| 2021 | +26.9% | +4.5% | -2.6% |
| 2020 | -2.5% | +20.0% | -6.7% |
| 2019 | +275.1% | -0.9% | +0.7% |
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 Lacewing Foundation with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Lacewing Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Lacewing Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception regarding executive pay.
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 Lacewing Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) for over a decade, leading to asset depletion.
- Significant decline in total assets over time, from $660,049 in 2011 to $336,961 in 2023.
Strengths
The following positive indicators were identified for Lacewing Foundation:
- Consistently reports 0% officer compensation, indicating no executive salaries.
- Maintains very low liabilities ($1 across all reported periods), suggesting good financial management of debt.
Frequently Asked Questions about Lacewing Foundation
Is Lacewing Foundation a legitimate charity?
Lacewing Foundation (EIN: 201891949) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $230K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Lacewing Foundation spend its money?
Lacewing Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Lacewing Foundation tax-deductible?
Lacewing Foundation is registered as a tax-exempt nonprofit (EIN: 201891949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lacewing Foundation's spending goes to programs?
Lacewing Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lacewing Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Lacewing 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 Lacewing Foundation located?
Lacewing Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 201891949. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lacewing Foundation have?
Lacewing 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 $230K in total revenue.
Is Lacewing Foundation financially sustainable?
Based on the provided data, the Lacewing Foundation has consistently spent more than its revenue for over a decade, leading to a significant reduction in its assets from $660,049 in 2011 to $336,961 in 2023. This trend suggests potential long-term sustainability challenges if not addressed.
What is the primary use of Lacewing Foundation's funds?
As a T20 NTEE code organization, Lacewing Foundation is primarily involved in grant-making. While specific program spending details aren't provided in the summary, the general expectation for such an organization is that the majority of its expenses would be directed towards grants or program-related investments.
How has Lacewing Foundation's asset base changed over time?
The organization's assets have steadily declined from $660,049 in 2011 to $336,961 in 2023, indicating a significant draw-down on its reserves to cover operational expenses.
Filing History
IRS 990 filing history for Lacewing Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lacewing Foundation's revenue has grown by 218.6%, moving from $28K to $88K. Total assets decreased by 48.9% over the same period, from $660K to $337K. Total functional expenses rose by 41.5%, from $84K to $118K. In its most recent filing year (2023), Lacewing Foundation reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1 in liabilities against $337K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $337K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $118K | $337K | $1 | — | — |
| 2022 | $46K | $126K | $367K | $1 | — | View 990 |
| 2021 | $128K | $140K | $447K | $1 | — | View 990 |
| 2020 | $101K | $134K | $460K | $1 | — | — |
| 2019 | $104K | $112K | $493K | $1 | — | View 990 |
| 2015 | $28K | $113K | $489K | $1 | — | View 990 |
| 2014 | $67K | $90K | $575K | $1 | — | View 990 |
| 2013 | $43K | $93K | $598K | $1 | — | View 990 |
| 2012 | $43K | $55K | $647K | $1 | — | View 990 |
| 2011 | $28K | $84K | $660K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $118K, and assets of $337K (revenue +90.7% year-over-year).
- 2022: Revenue of $46K, expenses of $126K, and assets of $367K (revenue -64.1% year-over-year).
- 2021: Revenue of $128K, expenses of $140K, and assets of $447K (revenue +26.9% year-over-year).
- 2020: Revenue of $101K, expenses of $134K, and assets of $460K (revenue -2.5% year-over-year).
- 2019: Revenue of $104K, expenses of $112K, and assets of $493K (revenue +275.1% year-over-year).
- 2015: Revenue of $28K, expenses of $113K, and assets of $489K (revenue -58.5% year-over-year).
- 2014: Revenue of $67K, expenses of $90K, and assets of $575K (revenue +54.4% year-over-year).
- 2013: Revenue of $43K, expenses of $93K, and assets of $598K (revenue +0.9% year-over-year).
- 2012: Revenue of $43K, expenses of $55K, and assets of $647K (revenue +55.2% year-over-year).
- 2011: Revenue of $28K, expenses of $84K, and assets of $660K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lacewing Foundation:
Data Sources and Methodology
This transparency report for Lacewing 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.