Lcs Foundation
Lcs Foundation maintains strong assets but faces recurring operational deficits with no reported officer compensation.
EIN: 208050521 · Milwaukee, WI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $445K |
| Total Expenses | $180K |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Lcs Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lcs Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lcs Foundation
Lcs Foundation (EIN: 208050521) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code T22. The organization reported total revenue of $445K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lcs Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lcs Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $170K |
| Total Expenses | $180K |
| Surplus / Deficit | $-9,282 |
| Total Assets | $1.6M |
| Total Liabilities | $1 |
| Net Assets | $1.6M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.2 months |
Financial Health Grade: B
In 2023, Lcs Foundation reported a deficit of $9K with expenses exceeding revenue, holds 108.2 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), Lcs Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.9% | -9.9% | -0.6% |
| 2022 | -34.1% | +26.4% | -5.6% |
| 2021 | +37.1% | +2.7% | -0.1% |
| 2020 | +92.9% | +0.1% | -2.3% |
| 2019 | -62.5% | +17.5% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lcs 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, Lcs 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Lcs Foundation consistently reports 0% officer compensation across all available filings, indicating a volunteer-led or extremely lean executive structure, which is highly favorable for donor trust and resource allocation.
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 Lcs Foundation's IRS 990 filings:
- Recurring operational deficits (e.g., expenses exceeded revenue by $9,282 in 2023 and $96,750 in 2022)
- Reliance on asset drawdowns to cover expenses
- Unusual consistent $1 liability reporting
Strengths
The following positive indicators were identified for Lcs Foundation:
- Strong asset base ($1,686,493) providing financial stability
- 0% officer compensation, indicating efficient use of funds for mission
- Consistent IRS 990 filing history demonstrating transparency and compliance
- Low liabilities relative to assets
Frequently Asked Questions about Lcs Foundation
Is Lcs Foundation a legitimate charity?
Lcs Foundation (EIN: 208050521) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $445K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lcs Foundation spend its money?
Lcs Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lcs Foundation tax-deductible?
Lcs Foundation is registered as a tax-exempt nonprofit (EIN: 208050521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lcs Foundation's spending goes to programs?
Lcs Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lcs Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lcs Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lcs Foundation located?
Lcs Foundation is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 208050521. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lcs Foundation have?
Lcs Foundation 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 $445K in total revenue.
Is Lcs Foundation financially sustainable given its recurring deficits?
While Lcs Foundation has a substantial asset base of $1,686,493, it has consistently operated at a deficit in recent years (e.g., expenses exceeded revenue by $9,282 in 2023 and $96,750 in 2022). This trend suggests it is drawing down on its assets, which is not sustainable long-term without increased revenue or reduced expenses.
What is the nature of the $1 liability reported annually?
The consistent reporting of $1 in liabilities across multiple years (2012-2023) is unusual. It could represent a nominal placeholder, a specific type of minor outstanding obligation, or a simplified accounting practice. Further detail from the full 990 filing would be needed to understand its exact nature.
How does Lcs Foundation manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the executive level or that executive services are provided pro bono, which is a significant strength in terms of resource allocation.
What is the primary source of Lcs Foundation's revenue?
The provided data only shows total revenue. To understand the primary sources (e.g., donations, grants, investment income), one would need to consult the detailed revenue breakdown within the full IRS Form 990 filings.
Filing History
IRS 990 filing history for Lcs Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lcs Foundation's revenue has grown by 226.8%, moving from $52K to $170K. Total assets increased by 6.6% over the same period, from $1.5M to $1.6M. Total functional expenses rose by 95.7%, from $92K to $180K. In its most recent filing year (2023), Lcs Foundation reported a deficit of $9K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $170K | $180K | $1.6M | $1 | — | — |
| 2022 | $103K | $200K | $1.6M | $1 | — | View 990 |
| 2021 | $156K | $158K | $1.7M | $1 | — | — |
| 2020 | $114K | $154K | $1.7M | $1 | — | — |
| 2019 | $59K | $154K | $1.8M | $1 | — | View 990 |
| 2015 | $157K | $131K | $1.8M | $1 | — | View 990 |
| 2014 | $186K | $116K | $1.7M | $1 | — | View 990 |
| 2013 | $159K | $106K | $1.7M | $1 | — | View 990 |
| 2012 | $199K | $97K | $1.6M | $1 | — | View 990 |
| 2011 | $52K | $92K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $170K, expenses of $180K, and assets of $1.6M (revenue +65.9% year-over-year).
- 2022: Revenue of $103K, expenses of $200K, and assets of $1.6M (revenue -34.1% year-over-year).
- 2021: Revenue of $156K, expenses of $158K, and assets of $1.7M (revenue +37.1% year-over-year).
- 2020: Revenue of $114K, expenses of $154K, and assets of $1.7M (revenue +92.9% year-over-year).
- 2019: Revenue of $59K, expenses of $154K, and assets of $1.8M (revenue -62.5% year-over-year).
- 2015: Revenue of $157K, expenses of $131K, and assets of $1.8M (revenue -15.3% year-over-year).
- 2014: Revenue of $186K, expenses of $116K, and assets of $1.7M (revenue +16.4% year-over-year).
- 2013: Revenue of $159K, expenses of $106K, and assets of $1.7M (revenue -20.0% year-over-year).
- 2012: Revenue of $199K, expenses of $97K, and assets of $1.6M (revenue +282.4% year-over-year).
- 2011: Revenue of $52K, expenses of $92K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lcs Foundation:
Data Sources and Methodology
This transparency report for Lcs 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.