Louis Armstrong Educational Foundation Inc
Louis Armstrong Educational Foundation consistently generates significant surpluses and reports zero officer compensation.
EIN: 132659286 · Great Neck, NY · Updated: 2026-03-28
Is Louis Armstrong Educational Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louis Armstrong Educational Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louis Armstrong Educational Foundation Inc
Louis Armstrong Educational Foundation Inc (EIN: 132659286) is a nonprofit organization based in Great Neck, NY. The organization reported total revenue of $22.4M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis Armstrong Educational Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Louis Armstrong Educational Foundation Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Louis Armstrong Educational Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure.
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 Armstrong Educational Foundation Inc's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to categorize and compare with similar organizations.
Strengths
The following positive indicators were identified for Louis Armstrong Educational Foundation Inc:
- Consistent revenue surpluses, leading to strong asset growth (e.g., $2,569,172 revenue vs. $1,257,006 expenses in 2023).
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
- Significant growth in assets from $3.7 million in 2011 to over $10 million in 2023.
- Low liabilities relative to assets, indicating strong financial stability (e.g., $35,229 liabilities vs. $10,320,543 assets in 2023).
Frequently Asked Questions about Louis Armstrong Educational Foundation Inc
Is Louis Armstrong Educational Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Louis Armstrong Educational Foundation Inc (EIN: 132659286) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Louis Armstrong Educational Foundation Inc spend its money?
Louis Armstrong Educational Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Louis Armstrong Educational Foundation Inc tax-deductible?
Louis Armstrong Educational Foundation Inc is registered as a tax-exempt nonprofit (EIN: 132659286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Louis Armstrong Educational Foundation Inc. a good charity?
Based on its financial data, the Louis Armstrong Educational Foundation Inc. appears to be a very good charity. It consistently generates significant surpluses, has a growing asset base, and reports 0% officer compensation, indicating strong financial health and a commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved. Its assets have grown from $3,749,449 in 2011 to $10,320,543 in 2023, and it has consistently reported revenues exceeding expenses in recent years, particularly since 2020.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is a highly transparent and mission-focused approach.
Filing History
IRS 990 filing history for Louis Armstrong Educational Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louis Armstrong Educational Foundation Inc's revenue has grown by 62.2%, moving from $1.6M to $2.6M. Total assets increased by 175.3% over the same period, from $3.7M to $10.3M. Total functional expenses rose by 6.2%, from $1.2M to $1.3M. In its most recent filing year (2023), Louis Armstrong Educational Foundation Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $35K in liabilities against $10.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $1.3M | $10.3M | $35K | — | View 990 |
| 2022 | $3.3M | $1.2M | $9.0M | $26K | — | View 990 |
| 2021 | $2.6M | $1.2M | $7.0M | $55K | — | View 990 |
| 2020 | $2.4M | $2.1M | $5.6M | $223K | — | View 990 |
| 2016 | $646K | $681K | $3.4M | $16K | — | View 990 |
| 2015 | $630K | $877K | $3.4M | $18K | — | View 990 |
| 2014 | $965K | $874K | $3.7M | $42K | — | View 990 |
| 2013 | $771K | $830K | $3.6M | $63K | — | View 990 |
| 2012 | $810K | $942K | $3.6M | $41K | — | View 990 |
| 2011 | $1.6M | $1.2M | $3.7M | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $1.3M, and assets of $10.3M (revenue -21.7% year-over-year).
- 2022: Revenue of $3.3M, expenses of $1.2M, and assets of $9.0M (revenue +27.8% year-over-year).
- 2021: Revenue of $2.6M, expenses of $1.2M, and assets of $7.0M (revenue +8.9% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.1M, and assets of $5.6M (revenue +265.0% year-over-year).
- 2016: Revenue of $646K, expenses of $681K, and assets of $3.4M (revenue +2.5% year-over-year).
- 2015: Revenue of $630K, expenses of $877K, and assets of $3.4M (revenue -34.7% year-over-year).
- 2014: Revenue of $965K, expenses of $874K, and assets of $3.7M (revenue +25.1% year-over-year).
- 2013: Revenue of $771K, expenses of $830K, and assets of $3.6M (revenue -4.8% year-over-year).
- 2012: Revenue of $810K, expenses of $942K, and assets of $3.6M (revenue -48.9% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.2M, and assets of $3.7M.
Data Sources and Methodology
This transparency report for Louis Armstrong Educational 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.