Licr Fund Inc
Licr Fund Inc. shows fluctuating revenues and expenses, with recent operational deficits despite substantial assets and no reported officer compensation.
EIN: 133573053 · New York, NY · NTEE: H110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $449.4M |
| Total Expenses | $76.9M |
| Program Spending | 70% |
| Net Assets | $1.8B |
| Transparency Score | 75/100 |
Is Licr Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Licr Fund Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Licr Fund Inc
Licr Fund Inc (EIN: 133573053) is a nonprofit organization based in New York, NY, classified under NTEE code H110. The organization reported total revenue of $449.4M and total assets of $1.9B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Licr Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Licr Fund Inc is a major nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.0M |
| Total Expenses | $76.9M |
| Surplus / Deficit | $-42,928,507 |
| Total Assets | $1.8B |
| Total Liabilities | $5.7M |
| Net Assets | $1.8B |
| Operating Margin | -126.2% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 281.7 months |
Financial Health Grade: B
In 2023, Licr Fund Inc reported a deficit of $42.9M with expenses exceeding revenue, holds 281.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Licr Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.9% | -8.1% | +5.0% |
| 2022 | -53.6% | +60.5% | -19.5% |
| 2021 | +71.9% | -20.7% | +8.1% |
| 2020 | -1.2% | +8.8% | +25.0% |
| 2019 | -16.4% | +26.4% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Licr Fund Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Licr Fund Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $42.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either uncompensated or compensated through an unstated mechanism, which is a positive indicator for directing funds to mission-related activities.
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 Licr Fund Inc's IRS 990 filings:
- Significant operational deficits in recent years (e.g., 2023 and 2022), where expenses substantially exceeded revenue.
- Fluctuating revenue streams, making long-term financial planning and stability potentially challenging.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Licr Fund Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating potential for high program spending efficiency or volunteer leadership.
- Substantial and growing asset base ($1,936,672,464), providing financial stability and capacity.
- Long history of IRS 990 filings (14 filings), demonstrating consistent compliance and transparency in reporting.
- Significant revenue generation in some years (e.g., $149,523,718 in 2021), showing capacity for large-scale operations.
Frequently Asked Questions about Licr Fund Inc
Is Licr Fund Inc a legitimate charity?
Licr Fund Inc (EIN: 133573053) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $449.4M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Licr Fund Inc spend its money?
Licr Fund Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Licr Fund Inc tax-deductible?
Licr Fund Inc is registered as a tax-exempt nonprofit (EIN: 133573053). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Licr Fund Inc's spending goes to programs?
Licr Fund Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Licr Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Licr Fund Inc is above average for NTEE category H110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Licr Fund Inc located?
Licr Fund Inc is headquartered in New York, New York and files with the IRS under EIN 133573053. It is classified under NTEE code H110.
How many years of IRS 990 filings does Licr Fund Inc have?
Licr Fund Inc has 14 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 $449.4M in total revenue.
Why did expenses significantly exceed revenue in 2023 ($76,939,694 expenses vs. $34,011,187 revenue) and 2022 ($83,766,381 expenses vs. $69,314,681 revenue)?
This could be due to strategic investments, market fluctuations affecting investment income (which might be part of revenue), or a temporary increase in program activities. Further detail from the full 990 would be needed to understand the specific reasons for these deficits.
What is the nature of the significant increase in liabilities in 2020 ($31,929,131) and 2023 ($5,734,022) compared to other years?
These spikes in liabilities could indicate new debt, deferred revenue, or other obligations. Understanding the specific types of liabilities would provide insight into the organization's financial commitments.
Given the 0% officer compensation, how are the organization's executives compensated, if at all?
While 0% officer compensation is reported, it's important to verify if executives are compensated through related organizations, contractors, or if they are truly volunteers. This ensures full transparency regarding leadership costs.
What is the breakdown of program, administrative, and fundraising expenses?
Without this detailed breakdown, it's challenging to fully assess the efficiency of spending and how much of the total expenses directly support the mission versus overhead.
Filing History
IRS 990 filing history for Licr Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Licr Fund Inc's revenue has declined by 46.8%, moving from $63.9M to $34.0M. Total assets increased by 42.8% over the same period, from $1.3B to $1.8B. Total functional expenses rose by 18.4%, from $65.0M to $76.9M. In its most recent filing year (2023), Licr Fund Inc reported a deficit of $42.9M, with expenses exceeding revenue. The organization holds $5.7M in liabilities against $1.8B in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.8B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.0M | $76.9M | $1.8B | $5.7M | — | View 990 |
| 2022 | $69.3M | $83.8M | $1.7B | $1.6M | — | View 990 |
| 2021 | $149.5M | $52.2M | $2.1B | $1.6M | — | View 990 |
| 2020 | $87.0M | $65.8M | $2.0B | $31.9M | — | View 990 |
| 2019 | $88.0M | $60.5M | $1.6B | $7.7M | — | View 990 |
| 2018 | $105.3M | $47.9M | $1.4B | $1.6M | — | View 990 |
| 2017 | $72.6M | $71.9M | $1.5B | $3.1M | — | View 990 |
| 2016 | $61.4M | $61.5M | $1.3B | $1.6M | — | View 990 |
| 2015 | $91.4M | $63.9M | $1.3B | $1.4M | — | View 990 |
| 2014 | $96.8M | $72.1M | $1.3B | $3.2M | — | View 990 |
| 2013 | $91.5M | $73.7M | $1.3B | $1.9M | — | View 990 |
| 2012 | $59.2M | $81.2M | $1.2B | $1.7M | — | View 990 |
| 2011 | $70.7M | $80.1M | $1.1B | $1.7M | — | View 990 |
| 2010 | $63.9M | $65.0M | $1.3B | $55.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.0M, expenses of $76.9M, and assets of $1.8B (revenue -50.9% year-over-year).
- 2022: Revenue of $69.3M, expenses of $83.8M, and assets of $1.7B (revenue -53.6% year-over-year).
- 2021: Revenue of $149.5M, expenses of $52.2M, and assets of $2.1B (revenue +71.9% year-over-year).
- 2020: Revenue of $87.0M, expenses of $65.8M, and assets of $2.0B (revenue -1.2% year-over-year).
- 2019: Revenue of $88.0M, expenses of $60.5M, and assets of $1.6B (revenue -16.4% year-over-year).
- 2018: Revenue of $105.3M, expenses of $47.9M, and assets of $1.4B (revenue +45.0% year-over-year).
- 2017: Revenue of $72.6M, expenses of $71.9M, and assets of $1.5B (revenue +18.3% year-over-year).
- 2016: Revenue of $61.4M, expenses of $61.5M, and assets of $1.3B (revenue -32.8% year-over-year).
- 2015: Revenue of $91.4M, expenses of $63.9M, and assets of $1.3B (revenue -5.6% year-over-year).
- 2014: Revenue of $96.8M, expenses of $72.1M, and assets of $1.3B (revenue +5.7% year-over-year).
- 2013: Revenue of $91.5M, expenses of $73.7M, and assets of $1.3B (revenue +54.5% year-over-year).
- 2012: Revenue of $59.2M, expenses of $81.2M, and assets of $1.2B (revenue -16.2% year-over-year).
- 2011: Revenue of $70.7M, expenses of $80.1M, and assets of $1.1B (revenue +10.6% year-over-year).
- 2010: Revenue of $63.9M, expenses of $65.0M, and assets of $1.3B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Licr Fund Inc:
Data Sources and Methodology
This transparency report for Licr Fund 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.