Lafayette Square Foundation Inc
EIN: 863666746 · Washington, DC · NTEE: S40
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $538K |
| Net Assets | $960K |
Is Lafayette Square Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lafayette Square Foundation Inc
Lafayette Square Foundation Inc (EIN: 863666746) is a nonprofit organization based in Washington, DC, classified under NTEE code S40. The organization reported total revenue of $4.1M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lafayette Square Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lafayette Square Foundation Inc is a mid-size nonprofit that has been operating for 5 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $538K |
| Surplus / Deficit | +$578K |
| Total Assets | $1.3M |
| Total Liabilities | $323K |
| Net Assets | $960K |
| Operating Margin | 51.8% |
| Debt-to-Asset Ratio | 25.1% |
| Months of Reserves | 28.6 months |
Financial Health Grade: A
In 2023, Lafayette Square Foundation Inc reported a surplus of $578K with revenue exceeding expenses, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 25.1% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lafayette Square Foundation Inc 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 Lafayette Square Foundation Inc 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 surplus of $578K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.1%.
Frequently Asked Questions about Lafayette Square Foundation Inc
Is Lafayette Square Foundation Inc a legitimate charity?
Lafayette Square Foundation Inc (EIN: 863666746) is a registered tax-exempt nonprofit based in Washington DC. Total revenue: $4.1M. No red flags identified. Financial health grade: A.
How does Lafayette Square Foundation Inc spend its money?
Lafayette Square Foundation Inc reported $4.1M in total revenue in IRS 990 filings. 1 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lafayette Square Foundation Inc tax-deductible?
Lafayette Square Foundation Inc is registered as a tax-exempt nonprofit (EIN: 863666746). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lafayette Square Foundation Inc located?
Lafayette Square Foundation Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 863666746. It is classified under NTEE code S40.
Filing History
IRS 990 filing history for Lafayette Square Foundation Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Lafayette Square Foundation Inc reported a surplus of $578K, with revenue exceeding expenses. The organization holds $323K in liabilities against $1.3M in assets (debt-to-asset ratio: 25.1%), resulting in net assets of $960K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $538K | $1.3M | $323K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lafayette Square Foundation Inc:
Data Sources and Methodology
This transparency report for Lafayette Square Foundation Inc 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.