Libbys Legacy Breast Cancer Foundation
Libbys Legacy Breast Cancer Foundation shows strong program spending and zero officer compensation amidst significant growth.
EIN: 113812766 · Orlando, FL · NTEE: G32 · Updated: 2026-03-28
Is Libbys Legacy Breast Cancer Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Libbys Legacy Breast Cancer Foundation directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Libbys Legacy Breast Cancer Foundation
Libbys Legacy Breast Cancer Foundation (EIN: 113812766) is a nonprofit organization based in Orlando, FL, classified under NTEE code G32. The organization reported total revenue of $5.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Libbys Legacy Breast Cancer Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Libbys Legacy Breast Cancer Foundation is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 28.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$70K |
| Total Assets | $1.6M |
| Total Liabilities | $242K |
| Net Assets | $1.4M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Libbys Legacy Breast Cancer Foundation reported a surplus of $70K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2023), Libbys Legacy Breast Cancer Foundation's revenue has grown at a compound annual growth rate (CAGR) of 28.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +1.7% | +5.4% |
| 2022 | +29.1% | +22.0% | +16.4% |
| 2020 | -30.2% | -27.1% | +0.5% |
| 2019 | +850.6% | +1315.5% | +40.4% |
| 2017 | +111.2% | +87.0% | +79.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Libbys Legacy Breast Cancer Foundation with a Mission Score of 92 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Libbys Legacy Breast Cancer Foundation allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue (e.g., $3,507,038 in revenue in 202306). This suggests a volunteer-led executive structure or that compensation is reported under other expense categories, warranting further investigation for complete transparency.
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 Libbys Legacy Breast Cancer Foundation's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may indicate compensation is reported elsewhere or a fully volunteer executive team, warranting further inquiry for full transparency.
Strengths
The following positive indicators were identified for Libbys Legacy Breast Cancer Foundation:
- Strong program spending ratio, indicating efficient use of funds for its mission.
- Significant and consistent growth in revenue and assets over the past decade, demonstrating increasing impact and sustainability.
- Healthy asset-to-liability ratio, suggesting strong financial stability and prudent management.
- Consistent reporting of 0% officer compensation, which, if accurate, indicates a highly mission-focused and lean operational structure.
Frequently Asked Questions about Libbys Legacy Breast Cancer Foundation
Is Libbys Legacy Breast Cancer Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Libbys Legacy Breast Cancer Foundation (EIN: 113812766) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Libbys Legacy Breast Cancer Foundation spend its money?
Libbys Legacy Breast Cancer Foundation directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Libbys Legacy Breast Cancer Foundation tax-deductible?
Libbys Legacy Breast Cancer Foundation is registered as a tax-exempt nonprofit (EIN: 113812766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Libbys Legacy Breast Cancer Foundation a good charity?
Based on the available IRS 990 data, Libbys Legacy Breast Cancer Foundation appears to be a good charity. It demonstrates strong program spending, significant growth in revenue and assets, and reports 0% officer compensation, indicating a strong focus on its mission.
How has Libbys Legacy Breast Cancer Foundation's revenue changed over time?
The organization has experienced substantial revenue growth, increasing from $199,799 in 201612 to $3,507,038 in 202306, indicating a significant expansion of its operations and fundraising capabilities.
What is the financial health of Libbys Legacy Breast Cancer Foundation?
The financial health of Libbys Legacy Breast Cancer Foundation appears strong. Its assets consistently exceed liabilities (e.g., $1,643,440 in assets vs. $241,982 in liabilities in 202306), and it maintains a healthy operating margin, suggesting good financial management and sustainability.
Filing History
IRS 990 filing history for Libbys Legacy Breast Cancer Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Libbys Legacy Breast Cancer Foundation's revenue has grown by 2617.6%, moving from $129K to $3.5M. Total assets increased by 1356.6% over the same period, from $113K to $1.6M. Total functional expenses rose by 3298.1%, from $101K to $3.4M. In its most recent filing year (2023), Libbys Legacy Breast Cancer Foundation reported a surplus of $70K, with revenue exceeding expenses. The organization holds $242K in liabilities against $1.6M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.4M | $1.6M | $242K | — | — |
| 2022 | $3.6M | $3.4M | $1.6M | $228K | — | View 990 |
| 2020 | $2.8M | $2.8M | $1.3M | $245K | — | — |
| 2019 | $4.0M | $3.8M | $1.3M | $268K | — | View 990 |
| 2017 | $422K | $269K | $950K | $276K | — | View 990 |
| 2016 | $200K | $144K | $529K | $8K | — | View 990 |
| 2015 | $179K | $191K | $495K | $30K | — | View 990 |
| 2014 | $182K | $154K | $504K | $51 | — | View 990 |
| 2013 | $241K | $108K | $477K | $891 | — | View 990 |
| 2012 | $331K | $144K | $363K | $0 | — | View 990 |
| 2011 | $270K | $184K | $175K | $8K | — | View 990 |
| 2010 | $129K | $101K | $113K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.4M, and assets of $1.6M (revenue -3.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.4M, and assets of $1.6M (revenue +29.1% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.8M, and assets of $1.3M (revenue -30.2% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.8M, and assets of $1.3M (revenue +850.6% year-over-year).
- 2017: Revenue of $422K, expenses of $269K, and assets of $950K (revenue +111.2% year-over-year).
- 2016: Revenue of $200K, expenses of $144K, and assets of $529K (revenue +11.5% year-over-year).
- 2015: Revenue of $179K, expenses of $191K, and assets of $495K (revenue -1.6% year-over-year).
- 2014: Revenue of $182K, expenses of $154K, and assets of $504K (revenue -24.5% year-over-year).
- 2013: Revenue of $241K, expenses of $108K, and assets of $477K (revenue -27.2% year-over-year).
- 2012: Revenue of $331K, expenses of $144K, and assets of $363K (revenue +22.7% year-over-year).
- 2011: Revenue of $270K, expenses of $184K, and assets of $175K (revenue +109.1% year-over-year).
- 2010: Revenue of $129K, expenses of $101K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Libbys Legacy Breast Cancer Foundation:
Data Sources and Methodology
This transparency report for Libbys Legacy Breast Cancer 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.