Louis B & Joan M Perry Familyfoundation
Louis B & Joan M Perry Familyfoundation shows strong asset growth and zero executive compensation amidst fluctuating annual revenues and expenses.
EIN: 203927535 · Wadsworth, OH · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.7M |
| Transparency Score | 90/100 |
Is Louis B & Joan M Perry Familyfoundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louis B & Joan M Perry Familyfoundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louis B & Joan M Perry Familyfoundation
Louis B & Joan M Perry Familyfoundation (EIN: 203927535) is a nonprofit organization based in Wadsworth, OH, classified under NTEE code T20. The organization reported total revenue of $2.3M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis B & Joan M Perry Familyfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louis B & Joan M Perry Familyfoundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $499K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-596,380 |
| Total Assets | $4.8M |
| Total Liabilities | $84K |
| Net Assets | $4.7M |
| Operating Margin | -119.6% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 52.7 months |
Financial Health Grade: B
In 2023, Louis B & Joan M Perry Familyfoundation reported a deficit of $596K with expenses exceeding revenue, holds 52.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Louis B & Joan M Perry Familyfoundation's revenue has grown at a compound annual growth rate (CAGR) of 35.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.0% | +20.6% | -10.7% |
| 2022 | +66.0% | -29.0% | +19.9% |
| 2021 | +479.7% | +129.6% | +11.5% |
| 2020 | +20.0% | +22.1% | -6.3% |
| 2019 | -3.6% | +155.5% | -16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Louis B & Joan M Perry Familyfoundation 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 B & Joan M Perry Familyfoundation 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 $596K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly efficient for an organization of its size with assets nearing $5 million.
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.
Strengths
The following positive indicators were identified for Louis B & Joan M Perry Familyfoundation:
- Consistent 0% officer compensation, indicating high administrative efficiency regarding executive pay.
- Significant long-term asset growth, from $258,401 in 201112 to $4,806,785 in 202312.
- Very low liabilities, consistently under $100,000, demonstrating strong financial stability.
- Clear transparency regarding executive compensation.
Frequently Asked Questions about Louis B & Joan M Perry Familyfoundation
Is Louis B & Joan M Perry Familyfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Louis B & Joan M Perry Familyfoundation (EIN: 203927535) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Louis B & Joan M Perry Familyfoundation spend its money?
Louis B & Joan M Perry Familyfoundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Louis B & Joan M Perry Familyfoundation tax-deductible?
Louis B & Joan M Perry Familyfoundation is registered as a tax-exempt nonprofit (EIN: 203927535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Louis B & Joan M Perry Familyfoundation CEO make?
Louis B & Joan M Perry Familyfoundation's highest-compensated officer earns $5 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Louis B & Joan M Perry Familyfoundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Louis B & Joan M Perry Familyfoundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Louis B & Joan M Perry Familyfoundation located?
Louis B & Joan M Perry Familyfoundation is headquartered in Wadsworth, Ohio and files with the IRS under EIN 203927535. It is classified under NTEE code T20.
How many years of IRS 990 filings does Louis B & Joan M Perry Familyfoundation have?
Louis B & Joan M Perry Familyfoundation 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 $2.3M in total revenue.
Is the Louis B & Joan M Perry Familyfoundation financially stable?
Yes, the foundation appears financially stable. While annual revenues and expenses fluctuate, its assets have grown significantly from $258,401 in 201112 to $4,806,785 in 202312, and liabilities remain very low, indicating a strong financial base.
How much does the foundation spend on executive salaries?
The foundation consistently reports 0% officer compensation across all available filings, meaning no salaries are paid to its officers.
Does the foundation have a good track record of asset growth?
Yes, the foundation has a strong track record of asset growth, increasing its assets from $258,401 in 201112 to $4,806,785 in 202312, demonstrating effective long-term financial management.
Filing History
IRS 990 filing history for Louis B & Joan M Perry Familyfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louis B & Joan M Perry Familyfoundation's revenue has grown by 3863.2%, moving from $13K to $499K. Total assets increased by 1760.2% over the same period, from $258K to $4.8M. Total functional expenses rose by 5923.5%, from $18K to $1.1M. In its most recent filing year (2023), Louis B & Joan M Perry Familyfoundation reported a deficit of $596K, with expenses exceeding revenue. The organization holds $84K in liabilities against $4.8M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $499K | $1.1M | $4.8M | $84K | — | — |
| 2022 | $2.8M | $908K | $5.4M | $62K | — | View 990 |
| 2021 | $1.7M | $1.3M | $4.5M | $77K | — | View 990 |
| 2020 | $287K | $557K | $4.0M | $1 | — | View 990 |
| 2019 | $240K | $456K | $4.3M | $1 | — | View 990 |
| 2015 | $248K | $179K | $5.1M | $1 | — | View 990 |
| 2014 | $5.0M | $22K | $5.2M | $1 | — | View 990 |
| 2013 | $14K | $34K | $228K | $0 | — | View 990 |
| 2012 | $10K | $20K | $248K | $0 | — | View 990 |
| 2011 | $13K | $18K | $258K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $499K, expenses of $1.1M, and assets of $4.8M (revenue -82.0% year-over-year).
- 2022: Revenue of $2.8M, expenses of $908K, and assets of $5.4M (revenue +66.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.3M, and assets of $4.5M (revenue +479.7% year-over-year).
- 2020: Revenue of $287K, expenses of $557K, and assets of $4.0M (revenue +20.0% year-over-year).
- 2019: Revenue of $240K, expenses of $456K, and assets of $4.3M (revenue -3.6% year-over-year).
- 2015: Revenue of $248K, expenses of $179K, and assets of $5.1M (revenue -95.0% year-over-year).
- 2014: Revenue of $5.0M, expenses of $22K, and assets of $5.2M (revenue +34764.2% year-over-year).
- 2013: Revenue of $14K, expenses of $34K, and assets of $228K (revenue +41.4% year-over-year).
- 2012: Revenue of $10K, expenses of $20K, and assets of $248K (revenue -19.2% year-over-year).
- 2011: Revenue of $13K, expenses of $18K, and assets of $258K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louis B & Joan M Perry Familyfoundation:
Data Sources and Methodology
This transparency report for Louis B & Joan M Perry Familyfoundation 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.