Louis And Harold Price Foundation Inc

Louis And Harold Price Foundation consistently spends more than it earns, drawing on substantial assets, with no reported officer compensation.

EIN: 136121358 · Woodbridge, NJ · Updated: 2026-03-28

$12.4MRevenue

$72.0MAssets

90/100Mission Score (Excellent)

About Louis And Harold Price Foundation Inc

Louis And Harold Price Foundation Inc (EIN: 136121358) is a nonprofit organization based in Woodbridge, NJ. The organization reported total revenue of $12.4M and total assets of $72.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis And Harold Price Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Louis And Harold Price Foundation Inc. appears to be a well-established private foundation with substantial assets, currently valued at $72,043,213 as of the 202312 period. The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of efficient administrative spending and a commitment to directing resources towards its mission. However, a notable trend is that expenses have frequently exceeded revenue in recent years, such as in 202312 where expenses were $5,544,596 against revenues of $2,232,215, and in 202212 with $4,854,630 in expenses versus $2,775,354 in revenue. This suggests the foundation is drawing down on its endowment or investment income to fund its grantmaking activities, which is typical for a private foundation but warrants monitoring to ensure long-term sustainability.

The foundation's financial health is robust given its significant asset base. The consistent reporting of minimal liabilities (often $1) further underscores a strong balance sheet and sound financial management. While specific program spending percentages are not detailed in the provided data, the absence of executive compensation and low liabilities suggest a high potential for program efficiency. The transparency is good in terms of financial reporting, with consistent filings and clear asset/liability figures.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Louis And Harold Price 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, Louis And Harold Price 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers are compensated, which is highly favorable for a foundation of this size ($72,043,213 in 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 Louis And Harold Price Foundation Inc's IRS 990 filings:

Consistent negative net income (expenses exceeding revenue) in recent years, such as $5,544,596 in expenses against $2,232,215 in revenue in 202312.

Strengths

The following positive indicators were identified for Louis And Harold Price Foundation Inc:

Substantial asset base of $72,043,213 provides strong financial stability.
Zero officer compensation reported across all filings, indicating high administrative efficiency.
Minimal liabilities consistently reported (often $1), reflecting sound financial management.
Consistent IRS 990 filing history demonstrates transparency and compliance.

Frequently Asked Questions about Louis And Harold Price Foundation Inc

Is Louis And Harold Price Foundation Inc. financially sustainable given its spending patterns?

While the foundation has consistently spent more than its revenue in recent years (e.g., $5.5M expenses vs. $2.2M revenue in 202312), its substantial asset base of over $72 million suggests it can sustain this for a considerable period, likely drawing from its endowment. Long-term sustainability depends on investment returns and future revenue generation.

What is the primary source of the foundation's revenue?

The provided data does not explicitly detail the revenue sources, but for a foundation of this type and asset size, it is typically derived from investment income, dividends, and capital gains from its endowment.

How does the absence of officer compensation impact the foundation's efficiency?

The consistent reporting of 0% officer compensation is a significant positive indicator of efficiency, meaning a larger proportion of the foundation's expenses are likely directed towards its programmatic mission rather than administrative salaries.

Filing History

IRS 990 filing history for Louis And Harold Price Foundation Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Louis And Harold Price Foundation Inc's revenue has declined by 30.1%, moving from $3.2M to $2.2M. Total assets increased by 7.7% over the same period, from $66.9M to $72.0M. Total functional expenses rose by 42.2%, from $3.9M to $5.5M. In its most recent filing year (2023), Louis And Harold Price Foundation Inc reported a deficit of $3.3M, with expenses exceeding revenue. The organization holds $1 in liabilities against $72.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $72.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.2M	$5.5M	$72.0M	$1	—	View 990
2022	$2.8M	$4.9M	$74.4M	$1	—	View 990
2021	$2.7M	$4.6M	$76.1M	$1	—	View 990
2020	$8.9M	$4.5M	$77.6M	$11K	—	View 990
2019	$2.4M	$4.6M	$73.4M	$18K	—	—
2015	$-812,030	$4.2M	$65.1M	$1.2M	—	View 990
2014	$5.4M	$4.2M	$66.4M	$0	—	View 990
2013	$3.9M	$4.4M	$65.2M	$0	—	View 990
2012	$4.1M	$3.8M	$68.3M	$0	—	View 990
2011	$3.2M	$3.9M	$66.9M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.2M, expenses of $5.5M, and assets of $72.0M (revenue -19.6% year-over-year).
2022: Revenue of $2.8M, expenses of $4.9M, and assets of $74.4M (revenue +2.4% year-over-year).
2021: Revenue of $2.7M, expenses of $4.6M, and assets of $76.1M (revenue -69.6% year-over-year).
2020: Revenue of $8.9M, expenses of $4.5M, and assets of $77.6M (revenue +273.9% year-over-year).
2019: Revenue of $2.4M, expenses of $4.6M, and assets of $73.4M.
2015: Revenue of $-812,030, expenses of $4.2M, and assets of $65.1M (revenue -115.1% year-over-year).
2014: Revenue of $5.4M, expenses of $4.2M, and assets of $66.4M (revenue +37.6% year-over-year).
2013: Revenue of $3.9M, expenses of $4.4M, and assets of $65.2M (revenue -5.4% year-over-year).
2012: Revenue of $4.1M, expenses of $3.8M, and assets of $68.3M (revenue +29.8% year-over-year).
2011: Revenue of $3.2M, expenses of $3.9M, and assets of $66.9M.

Data Sources and Methodology

This transparency report for Louis And Harold Price 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.