Laundrycares Foundation

Laundrycares Foundation experiences fluctuating revenues and consistent deficit spending in recent years, with no reported officer compensation.

EIN: 204504242 · Oakbrook Ter, IL · NTEE: P99 · Updated: 2026-03-28

$641KRevenue

$85KAssets

75/100Mission Score (Good)

P99

About Laundrycares Foundation

Laundrycares Foundation (EIN: 204504242) is a nonprofit organization based in Oakbrook Ter, IL, classified under NTEE code P99. The organization reported total revenue of $641K and total assets of $85K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laundrycares Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Laundrycares Foundation demonstrates a fluctuating financial performance over the past several years. While revenue has seen significant swings, from a low of $59,730 in 2017 to a high of $846,727 in 2022, expenses have generally followed a similar pattern, often exceeding revenue in recent periods, such as in 2023 where expenses were $540,850 against revenues of $428,396. This indicates a reliance on prior year surpluses or other funding sources to cover operational costs. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to mission-related activities rather than executive salaries.

The organization's asset base has also varied, peaking at $475,095 in 2019 and standing at $196,398 in 2023. Liabilities have also fluctuated, reaching $139,166 in 2021, suggesting periods of significant short-term obligations. The consistent reporting of 0% officer compensation across all available filings points to a strong commitment to transparency regarding executive pay and a potential operational model that relies heavily on volunteer leadership or modest non-officer salaries. However, the consistent deficit spending in recent years (e.g., 2023 and 2021) warrants closer examination to ensure long-term financial sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Laundrycares Foundation with a Mission Score of 75 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Laundrycares Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Laundrycares Foundation consistently reports 0% officer compensation across all seven available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly favorable for resource allocation to its mission.

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 Laundrycares Foundation's IRS 990 filings:

Consistent deficit spending in recent periods (e.g., 2023 expenses $540,850 vs. revenue $428,396)
Significant year-over-year revenue volatility, making financial planning challenging
Fluctuating asset base, indicating potential instability in financial reserves

Strengths

The following positive indicators were identified for Laundrycares Foundation:

0% officer compensation reported across all filings, indicating efficient use of funds for mission
History of significant revenue generation, reaching $846,727 in 2022
Consistent filing of IRS 990 forms, demonstrating transparency

Frequently Asked Questions about Laundrycares Foundation

How does Laundrycares Foundation sustain operations given consistent deficit spending in recent years?

In 2023, expenses ($540,850) exceeded revenue ($428,396), and a similar pattern was observed in 2021 and 2017. This suggests the organization may be drawing from accumulated reserves or relying on non-operating income not fully detailed in the summary data to cover operational costs.

What is the primary source of Laundrycares Foundation's revenue given its significant fluctuations?

The provided data shows revenue ranging from $59,730 in 2017 to $846,727 in 2022. Without detailed breakdowns of revenue streams (e.g., grants, donations, program service fees), it's difficult to pinpoint the primary source, but such volatility often indicates reliance on large, infrequent grants or major fundraising campaigns.

What is the organization's strategy for managing its liabilities, which have fluctuated significantly?

Liabilities have varied from $0 in 2017 to $139,166 in 2021. While the 2023 liabilities are $76,826, understanding the nature of these liabilities (e.g., program-related payables, short-term loans) and the strategy for their management is crucial for assessing financial stability.

Filing History

IRS 990 filing history for Laundrycares Foundation showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2017–2023), Laundrycares Foundation's revenue has grown by 617.2%, moving from $60K to $428K. Total assets increased by 64.5% over the same period, from $119K to $196K. Total functional expenses rose by 625.4%, from $75K to $541K. In its most recent filing year (2023), Laundrycares Foundation reported a deficit of $112K, with expenses exceeding revenue. The organization holds $77K in liabilities against $196K in assets (debt-to-asset ratio: 39.1%), resulting in net assets of $120K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$428K	$541K	$196K	$77K	—	—
2022	$847K	$616K	$364K	$132K	—	—
2021	$194K	$417K	$140K	$139K	—	View 990
2020	$323K	$479K	$265K	$41K	—	View 990
2019	$704K	$487K	$475K	$96K	—	View 990
2018	$297K	$254K	$163K	$657	—	View 990
2017	$60K	$75K	$119K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $428K, expenses of $541K, and assets of $196K (revenue -49.4% year-over-year).
2022: Revenue of $847K, expenses of $616K, and assets of $364K (revenue +335.7% year-over-year).
2021: Revenue of $194K, expenses of $417K, and assets of $140K (revenue -39.9% year-over-year).
2020: Revenue of $323K, expenses of $479K, and assets of $265K (revenue -54.1% year-over-year).
2019: Revenue of $704K, expenses of $487K, and assets of $475K (revenue +137.0% year-over-year).
2018: Revenue of $297K, expenses of $254K, and assets of $163K (revenue +397.1% year-over-year).
2017: Revenue of $60K, expenses of $75K, and assets of $119K.

Data Sources and Methodology

This transparency report for Laundrycares 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.