Lapin Foundation Inc
Lapin Foundation Inc: Transparent Spending and Strong Program Focus
EIN: 223200990 · Stamford, CT · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $50K |
| Total Expenses | $44K |
| Program Spending | 60% |
| Net Assets | $55K |
| Transparency Score | 87/100 |
Is Lapin Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lapin Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Lapin Foundation Inc
Lapin Foundation Inc (EIN: 223200990) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $50K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lapin Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lapin Foundation Inc is a micro nonprofit that has been operating for 33 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $44K |
| Surplus / Deficit | $-21,277 |
| Total Assets | $55K |
| Total Liabilities | $1 |
| Net Assets | $55K |
| Operating Margin | -91.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2023, Lapin Foundation Inc reported a deficit of $21K with expenses exceeding revenue, holds 14.8 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), Lapin Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1276.5% | +7.1% | -28.0% |
| 2022 | +6.5% | +25.0% | -34.5% |
| 2021 | -0.1% | +60.7% | -21.4% |
| 2020 | -62.0% | -67.5% | -11.5% |
| 2019 | +309.8% | +41.3% | -49.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Lapin Foundation Inc with a Mission Score of 87 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: 19%
- programs: 60%
- fundraising: 21%
According to IRS 990 filings, Lapin Foundation Inc allocates its expenses as follows: admin: 19%, programs: 60%, fundraising: 21%. Approximately 60% 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 $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation remains at a low level, with no changes over the past few years, suggesting a commitment to ethical leadership.
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 Lapin Foundation Inc's IRS 990 filings:
- The foundation has not disclosed any charitable activities or programs in the past, which could be a red flag for transparency.
Strengths
The following positive indicators were identified for Lapin Foundation Inc:
- The foundation has maintained a consistent focus on program spending, which is a positive sign of effective resource allocation.
Frequently Asked Questions about Lapin Foundation Inc
Is Lapin Foundation Inc a legitimate charity?
Lapin Foundation Inc (EIN: 223200990) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 87/100. It has 10 years of IRS 990 filings on record. Total revenue: $50K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Lapin Foundation Inc spend its money?
Lapin Foundation Inc directs 60% of its spending to programs and services. Fundraising costs 21%. This falls below the 65% benchmark.
Are donations to Lapin Foundation Inc tax-deductible?
Lapin Foundation Inc is registered as a tax-exempt nonprofit (EIN: 223200990). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lapin Foundation Inc's spending goes to programs?
Lapin Foundation Inc directs 60% to programs, 21% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Lapin Foundation Inc located?
Lapin Foundation Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 223200990.
How many years of IRS 990 filings does Lapin Foundation Inc have?
Lapin Foundation Inc 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 $50K in total revenue.
What does Lapin Foundation Inc do?
Lapin Foundation Inc is a nonprofit organization in the Unknown sector, located in Stamford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Lapin Foundation Inc have?
Lapin Foundation Inc reported total revenue of $50,000. Based on 10 IRS 990 filings on record.
What are Lapin Foundation Inc's total assets?
Lapin Foundation Inc holds total assets of $19,337 as reported in IRS 990 filings.
Where is Lapin Foundation Inc located?
Lapin Foundation Inc is based in Stamford, Connecticut.
What is Lapin Foundation Inc's EIN?
Lapin Foundation Inc's Employer Identification Number (EIN) is 223200990. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lapin Foundation Inc?
Lapin Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Lapin Foundation Inc a registered 501(c)(3)?
Lapin Foundation Inc appears in IRS records (EIN: 223200990). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lapin Foundation Inc file IRS Form 990?
Yes, Lapin Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Lapin Foundation Inc's revenue in 2023?
In the 202309 filing period, Lapin Foundation Inc reported total revenue of $23,194, total expenses of $44,471, and net assets of $54,672.
Is Lapin Foundation Inc's revenue growing or declining?
Lapin Foundation Inc's revenue is growing. Revenue went from $1,685 (202209) to $23,194 (202309), a +1276.5% change. Based on 10 filings on record.
What is Lapin Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lapin Foundation Inc covers tax period 202309. It shows revenue of $23,194, expenses of $44,471, total assets of $54,672, and liabilities of $1.
How much does Lapin Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Lapin Foundation Inc allocates approximately 60% of expenses to program services, 19% to administrative costs, and 21% to fundraising. Program spending is moderate relative to overhead.
Is Lapin Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lapin Foundation Inc appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Lapin Foundation Inc?
The following concerns were identified: The foundation has not disclosed any charitable activities or programs in the past, which could be a red flag for transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lapin Foundation Inc's strengths?
Positive indicators for Lapin Foundation Inc include: The foundation has maintained a consistent focus on program spending, which is a positive sign of effective resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Lapin Foundation Inc compensate executives?
Executive compensation remains at a low level, with no changes over the past few years, suggesting a commitment to ethical leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs does Lapin Foundation Inc support?
The foundation's annual reports indicate a consistent focus on program spending, but detailed information on specific programs is not provided.
How does Lapin Foundation Inc manage its fundraising efforts?
Fundraising activities account for a significant portion of the foundation's spending, with percentages varying from 20% to 33% over the past decade.
What is the foundation's approach to executive compensation?
Executive compensation has remained at a low level, with no changes over the past few years, indicating a commitment to ethical leadership.
Filing History
IRS 990 filing history for Lapin Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lapin Foundation Inc's revenue has grown by 39.4%, moving from $17K to $23K. Total assets decreased by 91.7% over the same period, from $662K to $55K. Total functional expenses rose by 159.1%, from $17K to $44K. In its most recent filing year (2023), Lapin Foundation Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $1 in liabilities against $55K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $44K | $55K | $1 | — | View 990 |
| 2022 | $2K | $42K | $76K | $1 | — | — |
| 2021 | $2K | $33K | $116K | $1 | — | — |
| 2020 | $2K | $21K | $148K | $0 | — | View 990 |
| 2019 | $4K | $64K | $167K | $0 | — | View 990 |
| 2015 | $1K | $45K | $331K | $0 | — | View 990 |
| 2014 | $210 | $26K | $375K | $0 | — | View 990 |
| 2013 | $-244,144 | $29K | $401K | $0 | — | View 990 |
| 2012 | $57K | $45K | $674K | $0 | — | View 990 |
| 2011 | $17K | $17K | $662K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $44K, and assets of $55K (revenue +1276.5% year-over-year).
- 2022: Revenue of $2K, expenses of $42K, and assets of $76K (revenue +6.5% year-over-year).
- 2021: Revenue of $2K, expenses of $33K, and assets of $116K (revenue -0.1% year-over-year).
- 2020: Revenue of $2K, expenses of $21K, and assets of $148K (revenue -62.0% year-over-year).
- 2019: Revenue of $4K, expenses of $64K, and assets of $167K (revenue +309.8% year-over-year).
- 2015: Revenue of $1K, expenses of $45K, and assets of $331K (revenue +383.8% year-over-year).
- 2014: Revenue of $210, expenses of $26K, and assets of $375K.
- 2013: Revenue of $-244,144, expenses of $29K, and assets of $401K (revenue -530.4% year-over-year).
- 2012: Revenue of $57K, expenses of $45K, and assets of $674K (revenue +240.9% year-over-year).
- 2011: Revenue of $17K, expenses of $17K, and assets of $662K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lapin Foundation Inc:
Data Sources and Methodology
This transparency report for Lapin 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.