Lippincott Family Foundation Inc
Lippincott Family Foundation reports significant asset growth and zero officer compensation over a decade.
EIN: 200967548 · Phoenix, AZ · NTEE: T11 · Updated: 2026-03-28
Is Lippincott 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 →
Lippincott Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lippincott Family Foundation Inc
Lippincott Family Foundation Inc (EIN: 200967548) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code T11. The organization reported total revenue of $6.6M and total assets of $7.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lippincott Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lippincott Family Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $63K |
| Surplus / Deficit | $-27,516 |
| Total Assets | $1.1M |
| Total Liabilities | $2K |
| Net Assets | $1.1M |
| Operating Margin | -77.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 200.5 months |
Financial Health Grade: B
In 2023, Lippincott Family Foundation Inc reported a deficit of $28K with expenses exceeding revenue, holds 200.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lippincott Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.8% | -1.3% | -8.4% |
| 2022 | -8.0% | +9.6% | +1.9% |
| 2021 | +135.2% | +13.5% | +20.4% |
| 2020 | -14.6% | -17.1% | -9.2% |
| 2019 | -39.5% | -14.1% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Lippincott Family Foundation Inc with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Lippincott Family Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a foundation 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 Lippincott Family Foundation Inc's IRS 990 filings:
- Significant fluctuation in revenue and assets in the latest period without clear explanation in summary data.
Strengths
The following positive indicators were identified for Lippincott Family Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Assets consistently exceed liabilities, demonstrating financial stability.
- Significant growth in assets and revenue in the latest period, potentially increasing future grantmaking capacity.
Frequently Asked Questions about Lippincott Family Foundation Inc
Is Lippincott Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lippincott Family Foundation Inc (EIN: 200967548) some concerns. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
How does Lippincott Family Foundation Inc spend its money?
Lippincott Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lippincott Family Foundation Inc tax-deductible?
Lippincott Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200967548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in revenue and assets in the latest period?
The latest data shows a revenue of $6,620,227 and assets of $7,678,201, a substantial jump from previous years where revenue was typically under $150,000 and assets around $1 million. This could be due to a large donation, a significant investment gain, or a change in reporting.
How does the foundation manage its operations with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation is either entirely volunteer-run at the executive level, or it outsources management, or compensates staff in roles not classified as officers. Further detail would be needed to understand the operational model.
What are the primary programs or grants supported by the foundation?
As a private grantmaking foundation (NTEE T11), its primary 'program' is typically making grants. The filings would need to be reviewed for specific grant recipients or program areas to understand its impact.
Filing History
IRS 990 filing history for Lippincott Family Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lippincott Family Foundation Inc's revenue has declined by 79.7%, moving from $175K to $36K. Total assets increased by 3.6% over the same period, from $1.0M to $1.1M. Total functional expenses fell by 4.3%, from $66K to $63K. In its most recent filing year (2023), Lippincott Family Foundation Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $2K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $63K | $1.1M | $2K | — | View 990 |
| 2022 | $84K | $64K | $1.1M | $750 | — | View 990 |
| 2021 | $92K | $58K | $1.1M | $2K | — | View 990 |
| 2020 | $39K | $51K | $937K | $59 | — | View 990 |
| 2019 | $46K | $62K | $1.0M | $750 | — | View 990 |
| 2018 | $75K | $72K | $1.1M | $2K | — | View 990 |
| 2017 | $140K | $47K | $1.1M | $3K | — | View 990 |
| 2016 | $52K | $55K | $977K | $3K | — | View 990 |
| 2015 | $66K | $67K | $1.1M | $895 | — | View 990 |
| 2014 | $35K | $55K | $1.1M | $0 | — | View 990 |
| 2013 | $38K | $56K | $992K | $1K | — | View 990 |
| 2012 | $35K | $48K | $950K | $2K | — | View 990 |
| 2011 | $175K | $66K | $1.0M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $63K, and assets of $1.1M (revenue -57.8% year-over-year).
- 2022: Revenue of $84K, expenses of $64K, and assets of $1.1M (revenue -8.0% year-over-year).
- 2021: Revenue of $92K, expenses of $58K, and assets of $1.1M (revenue +135.2% year-over-year).
- 2020: Revenue of $39K, expenses of $51K, and assets of $937K (revenue -14.6% year-over-year).
- 2019: Revenue of $46K, expenses of $62K, and assets of $1.0M (revenue -39.5% year-over-year).
- 2018: Revenue of $75K, expenses of $72K, and assets of $1.1M (revenue -46.1% year-over-year).
- 2017: Revenue of $140K, expenses of $47K, and assets of $1.1M (revenue +166.5% year-over-year).
- 2016: Revenue of $52K, expenses of $55K, and assets of $977K (revenue -20.2% year-over-year).
- 2015: Revenue of $66K, expenses of $67K, and assets of $1.1M (revenue +87.1% year-over-year).
- 2014: Revenue of $35K, expenses of $55K, and assets of $1.1M (revenue -8.6% year-over-year).
- 2013: Revenue of $38K, expenses of $56K, and assets of $992K (revenue +10.0% year-over-year).
- 2012: Revenue of $35K, expenses of $48K, and assets of $950K (revenue -80.0% year-over-year).
- 2011: Revenue of $175K, expenses of $66K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lippincott Family Foundation Inc:
Data Sources and Methodology
This transparency report for Lippincott 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.