Louis & Frances B Booke Memorial Foundation Inc
Louis & Frances B Booke Memorial Foundation consistently spends more than it earns, drawing down assets to fund operations.
EIN: 203950230 · Baltimore, MD · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $212K |
| Total Expenses | $85K |
| Program Spending | 85% |
| Net Assets | $717K |
| Transparency Score | 70/100 |
Is Louis & Frances B Booke Memorial 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 & Frances B Booke Memorial Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louis & Frances B Booke Memorial Foundation Inc
Louis & Frances B Booke Memorial Foundation Inc (EIN: 203950230) is a nonprofit organization based in Baltimore, MD, classified under NTEE code T20. The organization reported total revenue of $212K and total assets of $717K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louis & Frances B Booke Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louis & Frances B Booke Memorial Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $85K |
| Surplus / Deficit | $-32,851 |
| Total Assets | $717K |
| Total Liabilities | $1 |
| Net Assets | $717K |
| Operating Margin | -62.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 100.7 months |
Financial Health Grade: B
In 2024, Louis & Frances B Booke Memorial Foundation Inc reported a deficit of $33K with expenses exceeding revenue, holds 100.7 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 (2012–2024), Louis & Frances B Booke Memorial Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.1% | +4.7% | -4.4% |
| 2023 | -36.9% | +1.0% | -3.7% |
| 2022 | +21.6% | -0.6% | +0.5% |
| 2021 | +61.3% | -3.1% | -1.5% |
| 2020 | -22.2% | +2.1% | -4.9% |
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 & Frances B Booke Memorial Foundation Inc with a Mission Score of 70 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: 85%
- fundraising: 0%
According to IRS 990 filings, Louis & Frances B Booke Memorial Foundation Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through mechanisms not categorized as officer compensation on the 990, which is highly efficient for an organization 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 Louis & Frances B Booke Memorial Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years, leading to asset depletion.
- Declining asset base from $1,064,052 in 2012 to $716,523 in 2024.
Strengths
The following positive indicators were identified for Louis & Frances B Booke Memorial Foundation Inc:
- Zero reported officer compensation, indicating high efficiency in leadership costs.
- Very low liabilities ($1 consistently reported), showing strong financial control.
- Consistent IRS 990 filing history (10 filings), indicating transparency and compliance.
- Active grant-making, as evidenced by consistent expenses even when exceeding revenue.
Frequently Asked Questions about Louis & Frances B Booke Memorial Foundation Inc
Is Louis & Frances B Booke Memorial Foundation Inc a legitimate charity?
Louis & Frances B Booke Memorial Foundation Inc (EIN: 203950230) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $212K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Louis & Frances B Booke Memorial Foundation Inc spend its money?
Louis & Frances B Booke Memorial Foundation Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Louis & Frances B Booke Memorial Foundation Inc tax-deductible?
Louis & Frances B Booke Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203950230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Louis & Frances B Booke Memorial Foundation Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Louis & Frances B Booke Memorial Foundation Inc 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 & Frances B Booke Memorial Foundation Inc located?
Louis & Frances B Booke Memorial Foundation Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 203950230. It is classified under NTEE code T20.
How many years of IRS 990 filings does Louis & Frances B Booke Memorial Foundation Inc have?
Louis & Frances B Booke Memorial 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 $212K in total revenue.
Is the Louis & Frances B Booke Memorial Foundation Inc. financially sustainable long-term?
The foundation has consistently spent more than its revenue for many years, leading to a reduction in assets from over $1 million in 2012 to $716,523 in 2024. While this indicates active grant-making, it also suggests a reliance on drawing down its endowment, which is not sustainable indefinitely without new significant revenue streams.
What is the primary purpose of this foundation?
Based on the NTEE code T20 (Foundations, Grantmaking), the primary purpose of the Louis & Frances B Booke Memorial Foundation Inc. is to make grants to other organizations or individuals, rather than directly operating programs.
How does the lack of officer compensation impact the organization?
The absence of officer compensation (0% reported) significantly reduces administrative overhead, allowing a greater proportion of funds to be directed towards the foundation's grant-making activities. It suggests a highly dedicated, possibly volunteer, leadership structure.
Filing History
IRS 990 filing history for Louis & Frances B Booke Memorial Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Louis & Frances B Booke Memorial Foundation Inc's revenue has grown by 1.2%, moving from $52K to $52K. Total assets decreased by 32.7% over the same period, from $1.1M to $717K. Total functional expenses rose by 15.3%, from $74K to $85K. In its most recent filing year (2024), Louis & Frances B Booke Memorial Foundation Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1 in liabilities against $717K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $717K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $52K | $85K | $717K | $1 | — | — |
| 2023 | $53K | $81K | $749K | $1 | — | View 990 |
| 2022 | $84K | $81K | $778K | $1 | — | View 990 |
| 2021 | $69K | $81K | $774K | $1 | — | View 990 |
| 2020 | $43K | $84K | $786K | $1 | — | View 990 |
| 2019 | $55K | $82K | $827K | $1 | — | View 990 |
| 2015 | $76K | $79K | $1.0M | $1 | — | View 990 |
| 2014 | $70K | $79K | $1.0M | $1 | — | View 990 |
| 2013 | $36K | $84K | $1.0M | $1 | — | View 990 |
| 2012 | $52K | $74K | $1.1M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $52K, expenses of $85K, and assets of $717K (revenue -1.1% year-over-year).
- 2023: Revenue of $53K, expenses of $81K, and assets of $749K (revenue -36.9% year-over-year).
- 2022: Revenue of $84K, expenses of $81K, and assets of $778K (revenue +21.6% year-over-year).
- 2021: Revenue of $69K, expenses of $81K, and assets of $774K (revenue +61.3% year-over-year).
- 2020: Revenue of $43K, expenses of $84K, and assets of $786K (revenue -22.2% year-over-year).
- 2019: Revenue of $55K, expenses of $82K, and assets of $827K (revenue -27.4% year-over-year).
- 2015: Revenue of $76K, expenses of $79K, and assets of $1.0M (revenue +8.8% year-over-year).
- 2014: Revenue of $70K, expenses of $79K, and assets of $1.0M (revenue +93.8% year-over-year).
- 2013: Revenue of $36K, expenses of $84K, and assets of $1.0M (revenue -30.6% year-over-year).
- 2012: Revenue of $52K, expenses of $74K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louis & Frances B Booke Memorial Foundation Inc:
Data Sources and Methodology
This transparency report for Louis & Frances B Booke Memorial 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.