Limpe Foundation
Limpe Foundation's assets decline by 35% since 2019 due to consistent deficit spending.
EIN: 133639369 · Greenwich, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $121K |
| Program Spending | 80% |
| Net Assets | $465K |
| Transparency Score | 45/100 |
Is Limpe Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Limpe Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Limpe Foundation
Limpe Foundation (EIN: 133639369) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $138K and total assets of $456K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Limpe Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Limpe Foundation is a small nonprofit that has been operating for 34 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $121K |
| Surplus / Deficit | $-24,992 |
| Total Assets | $465K |
| Total Liabilities | $1 |
| Net Assets | $465K |
| Operating Margin | -26.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 46.3 months |
Financial Health Grade: B
In 2023, Limpe Foundation reported a deficit of $25K with expenses exceeding revenue, holds 46.3 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), Limpe Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +201.0% | +27.9% | -5.1% |
| 2022 | -33.3% | -44.8% | -11.3% |
| 2021 | +12.3% | +110.8% | -18.3% |
| 2020 | +13.1% | -12.9% | -5.4% |
| 2019 | +88.9% | +452.7% | +68.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Limpe Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Limpe Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is excellent for minimizing administrative costs and ensuring resources are not diverted to high salaries, especially for an organization with declining 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 Limpe Foundation's IRS 990 filings:
- Consistent deficit spending: Expenses have exceeded revenue in most recent years (e.g., 2023, 2022, 2021).
- Significant decline in assets: Assets decreased from $714,953 in 2019 to $465,222 in 2023, a 35% reduction.
- Unclear program efficiency: Without detailed expense breakdowns, it's difficult to assess how much of the spending directly supports programs versus other overhead.
Strengths
The following positive indicators were identified for Limpe Foundation:
- Zero officer compensation: No reported executive compensation, indicating efficient use of funds in this area.
- No reported liabilities: The organization consistently reports $1 in liabilities, suggesting a debt-free operation.
- Consistent filing history: 10 available IRS 990 filings demonstrate a commitment to transparency and reporting.
Frequently Asked Questions about Limpe Foundation
Is Limpe Foundation a legitimate charity?
Limpe Foundation (EIN: 133639369) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 45/100. It has 10 years of IRS 990 filings on record. Total revenue: $138K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Limpe Foundation spend its money?
Limpe Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Limpe Foundation tax-deductible?
Limpe Foundation is registered as a tax-exempt nonprofit (EIN: 133639369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Limpe Foundation's spending goes to programs?
Limpe Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Limpe Foundation located?
Limpe Foundation is headquartered in Greenwich, Connecticut and files with the IRS under EIN 133639369.
How many years of IRS 990 filings does Limpe Foundation have?
Limpe 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 $138K in total revenue.
Is Limpe Foundation financially sustainable?
Based on the consistent deficit spending (e.g., $120,674 expenses vs. $95,682 revenue in 2023) and the significant decline in assets from $714,953 in 2019 to $465,222 in 2023, the organization's current financial model appears unsustainable.
What caused the significant decline in assets?
The decline in assets is directly correlated with the organization consistently spending more than its revenue. For example, in 2021, expenses were $171,087 against revenues of $47,654, leading to a substantial draw-down from its asset base.
How does Limpe Foundation fund its operations?
Given the consistent revenue shortfalls compared to expenses, the Limpe Foundation appears to be funding its operations by drawing down its accumulated assets or endowment, as evidenced by the decreasing asset values over time.
Filing History
IRS 990 filing history for Limpe Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Limpe Foundation's revenue has grown by 317.8%, moving from $23K to $96K. Total assets increased by 21.7% over the same period, from $382K to $465K. Total functional expenses rose by 1107.3%, from $10K to $121K. In its most recent filing year (2023), Limpe Foundation reported a deficit of $25K, with expenses exceeding revenue. The organization holds $1 in liabilities against $465K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $465K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $96K | $121K | $465K | $1 | — | — |
| 2022 | $32K | $94K | $490K | $1 | — | View 990 |
| 2021 | $48K | $171K | $553K | $1 | — | — |
| 2020 | $42K | $81K | $676K | $1 | — | — |
| 2019 | $38K | $93K | $715K | $1 | — | View 990 |
| 2015 | $20K | $17K | $426K | $1 | — | View 990 |
| 2014 | $52K | $27K | $423K | $1 | — | View 990 |
| 2013 | $40K | $19K | $398K | $1 | — | View 990 |
| 2012 | $20K | $25K | $376K | $1 | — | View 990 |
| 2011 | $23K | $10K | $382K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $96K, expenses of $121K, and assets of $465K (revenue +201.0% year-over-year).
- 2022: Revenue of $32K, expenses of $94K, and assets of $490K (revenue -33.3% year-over-year).
- 2021: Revenue of $48K, expenses of $171K, and assets of $553K (revenue +12.3% year-over-year).
- 2020: Revenue of $42K, expenses of $81K, and assets of $676K (revenue +13.1% year-over-year).
- 2019: Revenue of $38K, expenses of $93K, and assets of $715K (revenue +88.9% year-over-year).
- 2015: Revenue of $20K, expenses of $17K, and assets of $426K (revenue -61.5% year-over-year).
- 2014: Revenue of $52K, expenses of $27K, and assets of $423K (revenue +28.5% year-over-year).
- 2013: Revenue of $40K, expenses of $19K, and assets of $398K (revenue +104.5% year-over-year).
- 2012: Revenue of $20K, expenses of $25K, and assets of $376K (revenue -14.3% year-over-year).
- 2011: Revenue of $23K, expenses of $10K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Limpe Foundation:
Data Sources and Methodology
This transparency report for Limpe 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.