Laguntza Foundation
Laguntza Foundation faces significant operating deficits, drawing down assets despite minimal liabilities and no reported officer compensation.
EIN: 208638559 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Laguntza Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laguntza Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Laguntza Foundation
Laguntza Foundation (EIN: 208638559) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $832K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laguntza Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laguntza Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $508K |
| Surplus / Deficit | $-404,451 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -390.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 39.8 months |
Financial Health Grade: B
In 2023, Laguntza Foundation reported a deficit of $404K with expenses exceeding revenue, holds 39.8 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), Laguntza Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5004.3% | +228.8% | -19.3% |
| 2022 | -99.5% | -3.4% | -6.8% |
| 2021 | +220.8% | +45.5% | +12.4% |
| 2020 | -84.4% | -3.6% | +0.9% |
| 2019 | +963.1% | +24.5% | +53.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Laguntza Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Laguntza Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $404K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all 10 available IRS 990 filings, which is unusual for an organization with assets exceeding $1 million and annual expenses often in the hundreds of thousands. This could indicate a fully volunteer executive team or compensation levels below reporting thresholds, but it warrants further investigation to ensure proper governance and transparency.
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 Laguntza Foundation's IRS 990 filings:
- Consistent and significant operating deficits, with expenses far exceeding revenue in multiple recent years (e.g., 2023, 2022).
- Significant draw-down of assets over recent years (from $2,244,108 in 2021 to $1,687,160 in 2023) to cover operational costs.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering assessment of spending efficiency.
- No reported officer compensation despite substantial assets and expenses, which could indicate a lack of transparency or an unusual operational model.
Strengths
The following positive indicators were identified for Laguntza Foundation:
- Maintains substantial assets ($1,687,160 in 2023), providing a buffer despite operating deficits.
- Consistently low reported liabilities ($1 across most filings), indicating minimal debt burden.
- Consistent filing history (10 filings), demonstrating adherence to IRS reporting requirements.
- No reported officer compensation, which could indicate efficient use of funds if executive leadership is truly volunteer-based.
Frequently Asked Questions about Laguntza Foundation
Is Laguntza Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Laguntza Foundation (EIN: 208638559) some concerns. Mission Score: 55/100. 4 red flags identified, 4 strengths noted.
How does Laguntza Foundation spend its money?
Laguntza Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Laguntza Foundation tax-deductible?
Laguntza Foundation is registered as a tax-exempt nonprofit (EIN: 208638559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Laguntza Foundation cover its significant operating deficits, given that expenses have consistently outpaced revenue in recent years (e.g., $508,069 expenses vs. $103,618 revenue in 2023)?
The organization appears to be covering its operating deficits by drawing down its substantial asset base. Assets decreased from $2,244,108 in 2021 to $1,687,160 in 2023, suggesting a reliance on reserves rather than sustainable revenue generation.
What is the detailed breakdown of Laguntza Foundation's expenses into program, administrative, and fundraising categories?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for assessing spending efficiency and mission focus.
Why is no officer compensation reported across all 10 filings, despite the organization's size and activity?
The absence of reported officer compensation could indicate that the executive leadership is entirely volunteer-based or that compensation falls below the IRS reporting thresholds. Further clarification from the organization would be needed to understand this structure.
What is the long-term strategy for revenue generation to address the consistent operating deficits?
The provided data does not detail the organization's strategy for revenue generation. The current trend of expenses significantly exceeding revenue is unsustainable and suggests a need for a robust plan to increase income or reduce expenditures.
Filing History
IRS 990 filing history for Laguntza Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Laguntza Foundation's revenue has grown by 79.5%, moving from $58K to $104K. Total assets increased by 97.5% over the same period, from $854K to $1.7M. Total functional expenses rose by 786.2%, from $57K to $508K. In its most recent filing year (2023), Laguntza Foundation reported a deficit of $404K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $508K | $1.7M | $1 | — | View 990 |
| 2022 | $2K | $155K | $2.1M | $1 | — | View 990 |
| 2021 | $408K | $160K | $2.2M | $1 | — | View 990 |
| 2020 | $127K | $110K | $2.0M | $1 | — | View 990 |
| 2019 | $817K | $114K | $2.0M | $1 | — | View 990 |
| 2015 | $77K | $92K | $1.3M | $1 | — | View 990 |
| 2014 | $83K | $72K | $1.3M | $0 | — | View 990 |
| 2013 | $500K | $58K | $1.3M | $1 | — | View 990 |
| 2012 | $56K | $57K | $853K | $1 | — | View 990 |
| 2011 | $58K | $57K | $854K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $508K, and assets of $1.7M (revenue +5004.3% year-over-year).
- 2022: Revenue of $2K, expenses of $155K, and assets of $2.1M (revenue -99.5% year-over-year).
- 2021: Revenue of $408K, expenses of $160K, and assets of $2.2M (revenue +220.8% year-over-year).
- 2020: Revenue of $127K, expenses of $110K, and assets of $2.0M (revenue -84.4% year-over-year).
- 2019: Revenue of $817K, expenses of $114K, and assets of $2.0M (revenue +963.1% year-over-year).
- 2015: Revenue of $77K, expenses of $92K, and assets of $1.3M (revenue -7.9% year-over-year).
- 2014: Revenue of $83K, expenses of $72K, and assets of $1.3M (revenue -83.3% year-over-year).
- 2013: Revenue of $500K, expenses of $58K, and assets of $1.3M (revenue +790.9% year-over-year).
- 2012: Revenue of $56K, expenses of $57K, and assets of $853K (revenue -2.9% year-over-year).
- 2011: Revenue of $58K, expenses of $57K, and assets of $854K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laguntza Foundation:
Data Sources and Methodology
This transparency report for Laguntza 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.