Lc And Mary Worley Memorialfoundation
Lc And Mary Worley Memorialfoundation consistently spends more than its annual revenue, drawing down its assets.
EIN: 203964693 · Longview, TX · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $632K |
| Program Spending | 90% |
| Net Assets | $7.2M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Lc And Mary Worley Memorialfoundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lc And Mary Worley Memorialfoundation 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 Lc And Mary Worley Memorialfoundation in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $524K and expenses of $632K.
Revenue and Expenses
Lc And Mary Worley Memorialfoundation reported $524K in revenue and $632K in expenses, a deficit of $108K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Lc And Mary Worley Memorialfoundation 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 | $569K (90%) |
Across stored filings, Lc And Mary Worley Memorialfoundation 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; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with At&T Corp Management & Nonrepresent Employees Postretirement Welfare | Texas and Philanthropy context |
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Lc And Mary Worley Memorialfoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lc And Mary Worley Memorialfoundation
Lc And Mary Worley Memorialfoundation (EIN: 203964693) is a nonprofit organization based in Longview, TX, classified under NTEE code T20. The organization reported total revenue of $1.2M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lc And Mary Worley Memorialfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lc And Mary Worley Memorialfoundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $524K |
| Total Expenses | $632K |
| Surplus / Deficit | $-107,863 |
| Total Assets | $7.2M |
| Total Liabilities | $1 |
| Net Assets | $7.2M |
| Operating Margin | -20.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 135.8 months |
Financial Health Grade: B
In 2023, Lc And Mary Worley Memorialfoundation reported a deficit of $108K with expenses exceeding revenue, holds 135.8 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), Lc And Mary Worley Memorialfoundation's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +111.6% | +-0.0% | -1.5% |
| 2022 | -54.1% | +0.5% | -5.1% |
| 2021 | +37.2% | +0.7% | -1.2% |
| 2020 | +20.3% | +8.2% | -2.9% |
| 2019 | +12.5% | +8.0% | -8.5% |
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 Lc And Mary Worley Memorialfoundation with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lc And Mary Worley Memorialfoundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $108K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly efficient for a foundation of its size.
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 Lc And Mary Worley Memorialfoundation's IRS 990 filings:
- Consistent net operating losses (expenses exceeding revenue) in most recent years, leading to asset depletion.
- Significant fluctuation in annual revenue, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Lc And Mary Worley Memorialfoundation:
- Zero officer compensation, indicating efficient use of funds for its mission.
- Very low liabilities, suggesting strong financial management and minimal debt.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- NTEE code T20 (Private Grantmaking Foundations) suggests a clear focus on philanthropic distribution.
Frequently Asked Questions about Lc And Mary Worley Memorialfoundation
Is Lc And Mary Worley Memorialfoundation a legitimate charity?
Lc And Mary Worley Memorialfoundation (EIN: 203964693) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lc And Mary Worley Memorialfoundation spend its money?
Lc And Mary Worley Memorialfoundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lc And Mary Worley Memorialfoundation tax-deductible?
Lc And Mary Worley Memorialfoundation is registered as a tax-exempt nonprofit (EIN: 203964693). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lc And Mary Worley Memorialfoundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lc And Mary Worley Memorialfoundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lc And Mary Worley Memorialfoundation located?
Lc And Mary Worley Memorialfoundation is headquartered in Longview, Texas and files with the IRS under EIN 203964693. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lc And Mary Worley Memorialfoundation have?
Lc And Mary Worley Memorialfoundation 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 $1.2M in total revenue.
Is Lc And Mary Worley Memorialfoundation a good charity?
Based on the available data, the foundation appears to be a well-managed grant-making entity with no officer compensation, which is a strong positive. Its consistent asset draw-down suggests it is actively fulfilling its purpose by distributing funds. However, without knowing the specific grantees or impact, a full assessment of 'goodness' is limited.
Why are the assets decreasing over time?
The assets are decreasing because the organization's annual expenses consistently exceed its annual revenue. For example, in 2023, revenue was $524,112 while expenses were $631,975, leading to a net loss and a reduction in assets.
What is the primary source of the organization's revenue?
While not explicitly stated in the provided data, for a private grantmaking foundation (NTEE T20), the primary source of revenue is typically investment income from its endowment, contributions, or a combination thereof. The fluctuating revenue suggests a reliance on investment performance or irregular contributions.
How does the organization ensure its long-term sustainability given the asset draw-down?
The consistent draw-down of assets suggests the foundation might be operating with a spend-down strategy, meaning it intends to distribute all its assets over a defined period rather than maintaining a perpetual endowment. Without further information, it's difficult to determine if this is a deliberate strategy or a challenge.
Filing History
IRS 990 filing history for Lc And Mary Worley Memorialfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lc And Mary Worley Memorialfoundation's revenue has grown by 626.6%, moving from $72K to $524K. Total assets increased by 410.1% over the same period, from $1.4M to $7.2M. Total functional expenses rose by 753.6%, from $74K to $632K. In its most recent filing year (2023), Lc And Mary Worley Memorialfoundation reported a deficit of $108K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $524K | $632K | $7.2M | $1 | — | View 990 |
| 2022 | $248K | $632K | $7.3M | $1 | — | View 990 |
| 2021 | $540K | $629K | $7.7M | $1 | — | View 990 |
| 2020 | $394K | $625K | $7.7M | $1 | — | View 990 |
| 2019 | $327K | $577K | $8.0M | $1 | — | View 990 |
| 2015 | $291K | $534K | $8.7M | $387 | — | View 990 |
| 2014 | $268K | $541K | $8.8M | $236 | — | View 990 |
| 2013 | $218K | $538K | $9.0M | $0 | — | View 990 |
| 2012 | $7.7M | $81K | $9.2M | $6K | — | View 990 |
| 2011 | $72K | $74K | $1.4M | $793 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $524K, expenses of $632K, and assets of $7.2M (revenue +111.6% year-over-year).
- 2022: Revenue of $248K, expenses of $632K, and assets of $7.3M (revenue -54.1% year-over-year).
- 2021: Revenue of $540K, expenses of $629K, and assets of $7.7M (revenue +37.2% year-over-year).
- 2020: Revenue of $394K, expenses of $625K, and assets of $7.7M (revenue +20.3% year-over-year).
- 2019: Revenue of $327K, expenses of $577K, and assets of $8.0M (revenue +12.5% year-over-year).
- 2015: Revenue of $291K, expenses of $534K, and assets of $8.7M (revenue +8.5% year-over-year).
- 2014: Revenue of $268K, expenses of $541K, and assets of $8.8M (revenue +23.2% year-over-year).
- 2013: Revenue of $218K, expenses of $538K, and assets of $9.0M (revenue -97.2% year-over-year).
- 2012: Revenue of $7.7M, expenses of $81K, and assets of $9.2M (revenue +10617.2% year-over-year).
- 2011: Revenue of $72K, expenses of $74K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lc And Mary Worley Memorialfoundation:
Data Sources and Methodology
This transparency report for Lc And Mary Worley Memorialfoundation 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.