Letaw Family Foundation Inc
Letaw Family Foundation maintains stable assets and minimal liabilities with no reported officer compensation.
EIN: 208109297 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $139K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Letaw Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Letaw Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Letaw Family Foundation Inc
Letaw Family Foundation Inc (EIN: 208109297) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $345K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Letaw Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Letaw Family Foundation Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $139K |
| Surplus / Deficit | +$370 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 112.9 months |
Financial Health Grade: A
In 2023, Letaw Family Foundation Inc reported a surplus of $370 with revenue exceeding expenses, holds 112.9 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), Letaw Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | -2.4% | -1.0% |
| 2022 | -5.0% | +13.6% | -0.9% |
| 2021 | +30.9% | +181.3% | +0.6% |
| 2020 | +64.2% | -37.9% | +1.6% |
| 2019 | -3.7% | -16.2% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Letaw Family Foundation Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Letaw Family Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $370, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is either entirely volunteer-based or compensated through other non-reportable means, which is highly unusual for an organization with over $1 million in assets.
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 Letaw Family Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes precise efficiency assessment challenging.
- Consistent 0% officer compensation for an organization with over $1 million in assets could indicate a lack of transparency if compensation is being paid through related entities or non-standard methods, though it could also genuinely mean volunteer leadership.
Strengths
The following positive indicators were identified for Letaw Family Foundation Inc:
- Strong and stable asset base, consistently over $1.2 million in recent years, reaching $1,305,245 in 2023.
- Minimal liabilities, often reported as $1, indicating excellent financial health and no significant debt burden.
- Consistent reporting of 0% officer compensation, suggesting a highly efficient operational model with potentially volunteer leadership.
- Long history of IRS 990 filings (10 filings), demonstrating consistent transparency and compliance.
- Revenue and expenses are generally well-matched, indicating responsible financial management and sustainability.
Frequently Asked Questions about Letaw Family Foundation Inc
Is Letaw Family Foundation Inc a legitimate charity?
Letaw Family Foundation Inc (EIN: 208109297) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $345K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Letaw Family Foundation Inc spend its money?
Letaw Family Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Letaw Family Foundation Inc tax-deductible?
Letaw Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208109297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Letaw Family Foundation Inc CEO make?
Letaw Family Foundation Inc's highest-compensated officer earns $1 annually. The organization reported $345K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Letaw Family Foundation Inc's spending goes to programs?
Letaw Family Foundation Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Letaw Family Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Letaw Family Foundation Inc 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 Letaw Family Foundation Inc located?
Letaw Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 208109297. It is classified under NTEE code T20.
How many years of IRS 990 filings does Letaw Family Foundation Inc have?
Letaw Family 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 $345K in total revenue.
Is Letaw Family Foundation Inc. a good charity?
Based on the available IRS 990 data, the Letaw Family Foundation Inc. appears to be a financially sound and well-managed organization. It maintains stable assets, minimal liabilities, and consistently reports no officer compensation, suggesting a high dedication to its mission and efficient use of funds. However, without a detailed breakdown of program vs. administrative expenses, a definitive 'good' rating is difficult, but the indicators are positive.
How does the foundation manage its expenses relative to its revenue?
The foundation generally manages its expenses closely to its revenue. For example, in 2023, revenue was $139,078 and expenses were $138,708, showing a near break-even. In 2022, expenses ($142,098) slightly exceeded revenue ($127,356), while in 2021, revenue ($133,993) slightly exceeded expenses ($125,063). This indicates a conservative approach to spending, avoiding significant deficits.
What is the trend in the foundation's assets?
The foundation's assets have shown remarkable stability and growth over the long term. Starting from $927,060 in 2011, assets grew to $1,290,913 (latest available) and were $1,305,245 in 2023. This consistent asset base, well over $1 million, indicates strong financial health and prudent management of its endowment or investments.
Filing History
IRS 990 filing history for Letaw Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Letaw Family Foundation Inc's revenue has grown by 43.6%, moving from $97K to $139K. Total assets increased by 40.8% over the same period, from $927K to $1.3M. Total functional expenses rose by 166.1%, from $52K to $139K. In its most recent filing year (2023), Letaw Family Foundation Inc reported a surplus of $370, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $139K | $139K | $1.3M | $1 | — | View 990 |
| 2022 | $127K | $142K | $1.3M | $1 | — | View 990 |
| 2021 | $134K | $125K | $1.3M | $1 | — | View 990 |
| 2020 | $102K | $44K | $1.3M | $1 | — | — |
| 2019 | $62K | $72K | $1.3M | $40K | — | View 990 |
| 2015 | $65K | $85K | $1.3M | $0 | — | View 990 |
| 2014 | $90K | $72K | $1.3M | $0 | — | View 990 |
| 2013 | $345K | $64K | $1.2M | $0 | — | View 990 |
| 2012 | $94K | $59K | $964K | $1 | — | View 990 |
| 2011 | $97K | $52K | $927K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $139K, expenses of $139K, and assets of $1.3M (revenue +9.2% year-over-year).
- 2022: Revenue of $127K, expenses of $142K, and assets of $1.3M (revenue -5.0% year-over-year).
- 2021: Revenue of $134K, expenses of $125K, and assets of $1.3M (revenue +30.9% year-over-year).
- 2020: Revenue of $102K, expenses of $44K, and assets of $1.3M (revenue +64.2% year-over-year).
- 2019: Revenue of $62K, expenses of $72K, and assets of $1.3M (revenue -3.7% year-over-year).
- 2015: Revenue of $65K, expenses of $85K, and assets of $1.3M (revenue -27.9% year-over-year).
- 2014: Revenue of $90K, expenses of $72K, and assets of $1.3M (revenue -74.0% year-over-year).
- 2013: Revenue of $345K, expenses of $64K, and assets of $1.2M (revenue +265.4% year-over-year).
- 2012: Revenue of $94K, expenses of $59K, and assets of $964K (revenue -2.4% year-over-year).
- 2011: Revenue of $97K, expenses of $52K, and assets of $927K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Letaw Family Foundation Inc:
Data Sources and Methodology
This transparency report for Letaw Family 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.