Libby Holman Foundation Inc
Libby Holman Foundation maintains strong asset base despite fluctuating revenues and consistent operational deficits.
EIN: 116037769 · Westport, CT · Updated: 2026-03-28
Is Libby Holman Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Libby Holman Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Libby Holman Foundation Inc
Libby Holman Foundation Inc (EIN: 116037769) is a nonprofit organization based in Westport, CT. The organization reported total revenue of $508K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Libby Holman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Libby Holman Foundation Inc is a small nonprofit that has been operating for 64 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $196K |
| Total Expenses | $227K |
| Surplus / Deficit | $-30,865 |
| Total Assets | $2.0M |
| Total Liabilities | $1 |
| Net Assets | $2.0M |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 107.8 months |
Financial Health Grade: B
In 2023, Libby Holman Foundation Inc reported a deficit of $31K with expenses exceeding revenue, holds 107.8 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 (2012–2023), Libby Holman Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +185.2% | +15.2% | -1.5% |
| 2022 | -67.6% | -3.8% | -5.8% |
| 2020 | -1678.9% | +5.7% | -9.9% |
| 2019 | -98.7% | +3.7% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Libby Holman 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Libby Holman Foundation Inc 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 $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization 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 Libby Holman Foundation Inc's IRS 990 filings:
- Frequent operational deficits (expenses exceeding revenue) in multiple years, such as 2023 ($226,884 expenses vs. $196,019 revenue) and 2022 ($196,942 expenses vs. $68,737 revenue).
- Negative revenue reported in 2020 (-$78,769), which could indicate significant investment losses or unusual accounting adjustments.
Strengths
The following positive indicators were identified for Libby Holman Foundation Inc:
- Strong and stable asset base, consistently above $1.9 million, providing long-term financial security.
- Consistently low liabilities, often reported as $1, indicating excellent debt management and financial health.
- Zero officer compensation reported across all filings, suggesting highly efficient use of funds and potentially volunteer leadership.
- Consistent IRS 990 filing history (10 filings), demonstrating a commitment to transparency and regulatory compliance.
Frequently Asked Questions about Libby Holman Foundation Inc
Is Libby Holman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Libby Holman Foundation Inc (EIN: 116037769) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Libby Holman Foundation Inc spend its money?
Libby Holman Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Libby Holman Foundation Inc tax-deductible?
Libby Holman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 116037769). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Libby Holman Foundation Inc. sustain its operations given its frequent operational deficits?
The foundation appears to sustain its operations by drawing from its substantial asset base, which has consistently been over $1.9 million, rather than relying solely on annual revenue. For example, in 2023, expenses ($226,884) exceeded revenue ($196,019), and similar trends are visible in multiple other years.
What are the primary program activities of the Libby Holman Foundation Inc.?
Without the NTEE code or specific program expense details from the 990 filings, the exact nature of their program activities cannot be determined from the provided data. However, the consistent expenses suggest ongoing operational programs.
Why does the organization report such low liabilities, often $1?
Reporting liabilities as $1 consistently suggests that the organization has virtually no outstanding debt or significant financial obligations, indicating very conservative financial management and a strong balance sheet.
What caused the significant revenue spike in 2012 ($2,046,837) compared to other years?
The provided data does not specify the source of this large revenue spike. It could be due to a large one-time donation, an investment gain, or a specific grant, which significantly boosted their financial position in that period.
Filing History
IRS 990 filing history for Libby Holman Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Libby Holman Foundation Inc's revenue has declined by 90.4%, moving from $2.0M to $196K. Total assets decreased by 14.6% over the same period, from $2.4M to $2.0M. Total functional expenses rose by 18%, from $192K to $227K. In its most recent filing year (2023), Libby Holman Foundation Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $196K | $227K | $2.0M | $1 | — | View 990 |
| 2022 | $69K | $197K | $2.1M | $1 | — | View 990 |
| 2021 | $212K | $205K | $2.2M | $1 | — | View 990 |
| 2020 | $-78,769 | $169K | $2.2M | $1 | — | View 990 |
| 2019 | $5K | $159K | $2.4M | $1 | — | View 990 |
| 2015 | $386K | $154K | $2.5M | $9K | — | View 990 |
| 2014 | $129K | $155K | $2.3M | $3K | — | View 990 |
| 2014 | $158K | $154K | $2.3M | $3K | — | View 990 |
| 2013 | $46K | $106K | $2.3M | $3K | — | View 990 |
| 2012 | $2.0M | $192K | $2.4M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $196K, expenses of $227K, and assets of $2.0M (revenue +185.2% year-over-year).
- 2022: Revenue of $69K, expenses of $197K, and assets of $2.1M (revenue -67.6% year-over-year).
- 2021: Revenue of $212K, expenses of $205K, and assets of $2.2M.
- 2020: Revenue of $-78,769, expenses of $169K, and assets of $2.2M (revenue -1678.9% year-over-year).
- 2019: Revenue of $5K, expenses of $159K, and assets of $2.4M (revenue -98.7% year-over-year).
- 2015: Revenue of $386K, expenses of $154K, and assets of $2.5M (revenue +198.7% year-over-year).
- 2014: Revenue of $129K, expenses of $155K, and assets of $2.3M (revenue -18.3% year-over-year).
- 2014: Revenue of $158K, expenses of $154K, and assets of $2.3M (revenue +241.7% year-over-year).
- 2013: Revenue of $46K, expenses of $106K, and assets of $2.3M (revenue -97.7% year-over-year).
- 2012: Revenue of $2.0M, expenses of $192K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Libby Holman Foundation Inc:
Data Sources and Methodology
This transparency report for Libby Holman 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.