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
| Metric | Value |
|---|---|
| Total Revenue | $641K |
| Total Expenses | $541K |
| Program Spending | 85% |
| Net Assets | $120K |
| Transparency Score | 75/100 |
Search Intent Cockpit
Laundrycares Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Laundrycares Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Laundrycares Foundation in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $428K and expenses of $541K.
Revenue and Expenses
Laundrycares Foundation reported $428K in revenue and $541K in expenses, a deficit of $112K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Laundrycares Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $460K (85%) |
Across stored filings, Laundrycares Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 7 stored filing years |
| Peer context | Compare with Shorefront | Illinois and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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Local and Sector Spokes
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Oakbrook Ter, IL nonprofitsHuman Services in Illinois
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Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Laundrycares Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Laundrycares Foundation is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 38.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $428K |
| Total Expenses | $541K |
| Surplus / Deficit | $-112,454 |
| Total Assets | $196K |
| Total Liabilities | $77K |
| Net Assets | $120K |
| Operating Margin | -26.3% |
| Debt-to-Asset Ratio | 39.1% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Laundrycares Foundation reported a deficit of $112K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 39.1% (moderate leverage).
Financial Trends
Over 7 years of filings (2017–2023), Laundrycares Foundation's revenue has grown at a compound annual growth rate (CAGR) of 38.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -49.4% | -12.2% | -46.1% |
| 2022 | +335.7% | +47.8% | +159.5% |
| 2021 | -39.9% | -13.0% | -47.0% |
| 2020 | -54.1% | -1.8% | -44.2% |
| 2019 | +137.0% | +92.0% | +191.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.1%.
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
Is Laundrycares Foundation a legitimate charity?
Laundrycares Foundation (EIN: 204504242) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 75/100. It has 7 years of IRS 990 filings on record. Total revenue: $641K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Laundrycares Foundation spend its money?
Laundrycares Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Laundrycares Foundation tax-deductible?
Laundrycares Foundation is registered as a tax-exempt nonprofit (EIN: 204504242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Laundrycares Foundation's spending goes to programs?
Laundrycares Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laundrycares Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Laundrycares Foundation is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laundrycares Foundation located?
Laundrycares Foundation is headquartered in Oakbrook Ter, Illinois and files with the IRS under EIN 204504242. It is classified under NTEE code P99.
How many years of IRS 990 filings does Laundrycares Foundation have?
Laundrycares Foundation has 7 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 $641K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laundrycares Foundation:
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.