Lore Kann Foundation Inc
Lore Kann Foundation Inc. shows recent financial improvement after years of asset decline due to operating deficits.
EIN: 133374261 · Livingston, MT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $46K |
| Total Expenses | $28K |
| Program Spending | 75% |
| Net Assets | $443K |
| Transparency Score | 65/100 |
Is Lore Kann Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lore Kann Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lore Kann Foundation Inc
Lore Kann Foundation Inc (EIN: 133374261) is a nonprofit organization based in Livingston, MT. The organization reported total revenue of $46K and total assets of $430K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lore Kann Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lore Kann Foundation Inc is a micro nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $28K |
| Surplus / Deficit | +$24K |
| Total Assets | $443K |
| Total Liabilities | $1 |
| Net Assets | $443K |
| Operating Margin | 45.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 187.1 months |
Financial Health Grade: A
In 2023, Lore Kann Foundation Inc reported a surplus of $24K with revenue exceeding expenses, holds 187.1 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), Lore Kann Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +105.5% | -2.2% | +5.6% |
| 2022 | +76.0% | +34.0% | -0.9% |
| 2021 | +159.3% | -32.0% | -1.7% |
| 2020 | -81.8% | -6.6% | -5.8% |
| 2019 | -8.9% | -57.0% | -18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Lore Kann Foundation Inc with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Lore Kann Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $24K, with revenue exceeding expenses.
- 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 not compensated, which is a positive sign for donor trust and resource allocation.
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 Lore Kann Foundation Inc's IRS 990 filings:
- Consistent operating deficits for many years (e.g., 2022: Expenses $29,018 vs. Revenue $25,298)
- Significant decline in total assets over the past decade (from $748,310 in 2011 to $442,728 in 2023)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Lore Kann Foundation Inc:
- Consistent 0% officer compensation across all filings, indicating no executive salaries are paid from organizational funds.
- Low liabilities ($0 or $1) consistently reported, suggesting good debt management.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Positive net income in the most recent filing period (2023: Revenue $51,996, Expenses $28,393).
Frequently Asked Questions about Lore Kann Foundation Inc
Is Lore Kann Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lore Kann Foundation Inc (EIN: 133374261) some concerns. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.
How does Lore Kann Foundation Inc spend its money?
Lore Kann Foundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lore Kann Foundation Inc tax-deductible?
Lore Kann Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133374261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lore Kann Foundation Inc's spending goes to programs?
Lore Kann Foundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lore Kann Foundation Inc located?
Lore Kann Foundation Inc is headquartered in Livingston, Montana and files with the IRS under EIN 133374261.
How many years of IRS 990 filings does Lore Kann Foundation Inc have?
Lore Kann Foundation Inc 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 $46K in total revenue.
Is Lore Kann Foundation Inc. financially sustainable long-term?
The foundation has historically operated at a deficit, leading to a significant decline in assets from $748,310 in 2011 to $442,728 in 2023. While the most recent period (2023) shows a surplus, the long-term trend suggests potential sustainability challenges if deficits resume.
How does the foundation allocate its expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, or fundraising categories, making it difficult to assess specific allocation efficiency.
What is the impact of 0% officer compensation?
The consistent 0% officer compensation indicates that no funds are being used to pay executive salaries, which is a strong positive for ensuring resources are directed towards the organization's mission and builds donor confidence.
Why have assets declined significantly over the past decade?
Assets have declined from $748,310 in 2011 to $442,728 in 2023 primarily because the organization's expenses frequently exceeded its revenue for many years, leading to a draw-down on its reserves.
Filing History
IRS 990 filing history for Lore Kann Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lore Kann Foundation Inc's revenue has grown by 301.9%, moving from $13K to $52K. Total assets decreased by 40.8% over the same period, from $748K to $443K. Total functional expenses fell by 68.3%, from $90K to $28K. In its most recent filing year (2023), Lore Kann Foundation Inc reported a surplus of $24K, with revenue exceeding expenses. The organization holds $1 in liabilities against $443K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $443K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $28K | $443K | $1 | — | — |
| 2022 | $25K | $29K | $419K | $1 | — | View 990 |
| 2021 | $14K | $22K | $423K | $1 | — | View 990 |
| 2020 | $6K | $32K | $430K | $0 | — | — |
| 2019 | $31K | $34K | $456K | $0 | — | View 990 |
| 2015 | $33K | $79K | $561K | $0 | — | View 990 |
| 2014 | $57K | $66K | $607K | $0 | — | View 990 |
| 2013 | $35K | $94K | $615K | $0 | — | View 990 |
| 2012 | $15K | $88K | $675K | $0 | — | View 990 |
| 2011 | $13K | $90K | $748K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $28K, and assets of $443K (revenue +105.5% year-over-year).
- 2022: Revenue of $25K, expenses of $29K, and assets of $419K (revenue +76.0% year-over-year).
- 2021: Revenue of $14K, expenses of $22K, and assets of $423K (revenue +159.3% year-over-year).
- 2020: Revenue of $6K, expenses of $32K, and assets of $430K (revenue -81.8% year-over-year).
- 2019: Revenue of $31K, expenses of $34K, and assets of $456K (revenue -8.9% year-over-year).
- 2015: Revenue of $33K, expenses of $79K, and assets of $561K (revenue -41.1% year-over-year).
- 2014: Revenue of $57K, expenses of $66K, and assets of $607K (revenue +64.6% year-over-year).
- 2013: Revenue of $35K, expenses of $94K, and assets of $615K (revenue +131.7% year-over-year).
- 2012: Revenue of $15K, expenses of $88K, and assets of $675K (revenue +15.3% year-over-year).
- 2011: Revenue of $13K, expenses of $90K, and assets of $748K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lore Kann Foundation Inc:
Data Sources and Methodology
This transparency report for Lore Kann 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.