Louise B Cochrane Charitable Foundation
Louise B Cochrane Charitable Foundation maintains robust assets and zero officer compensation, focusing on grant-making.
EIN: 202478657 · Henrico, VA · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $1.1M |
| Program Spending | 95% |
| Net Assets | $20.1M |
| Transparency Score | 95/100 |
Is Louise B Cochrane Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louise B Cochrane Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louise B Cochrane Charitable Foundation
Louise B Cochrane Charitable Foundation (EIN: 202478657) is a nonprofit organization based in Henrico, VA, classified under NTEE code T20. The organization reported total revenue of $3.8M and total assets of $21.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louise B Cochrane Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louise B Cochrane Charitable Foundation is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$290K |
| Total Assets | $20.1M |
| Total Liabilities | $1 |
| Net Assets | $20.1M |
| Operating Margin | 20.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 215.0 months |
Financial Health Grade: A
In 2023, Louise B Cochrane Charitable Foundation reported a surplus of $290K with revenue exceeding expenses, holds 215.0 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), Louise B Cochrane Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.7% | +4.2% | +4.0% |
| 2022 | +40.3% | +32.3% | -5.8% |
| 2021 | +21.5% | +69.9% | +25.6% |
| 2020 | -88.1% | +14.0% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Louise B Cochrane Charitable Foundation 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: 95%
- fundraising: 0%
According to IRS 990 filings, Louise B Cochrane Charitable Foundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $290K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation. This is a significant positive for a foundation of its size, as it means all operational expenses are directed towards administrative overhead and grant distributions, maximizing funds available for its charitable purpose.
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 Louise B Cochrane Charitable Foundation:
- Zero officer compensation, maximizing funds for mission.
- Substantial and growing asset base ($20,119,707 in 2023) relative to expenses, ensuring long-term stability.
- Consistently low liabilities ($1 in recent years), indicating strong financial management.
- High program spending efficiency, as a grant-making foundation.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Louise B Cochrane Charitable Foundation
Is Louise B Cochrane Charitable Foundation a legitimate charity?
Louise B Cochrane Charitable Foundation (EIN: 202478657) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 95/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.8M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Louise B Cochrane Charitable Foundation spend its money?
Louise B Cochrane Charitable Foundation directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Louise B Cochrane Charitable Foundation tax-deductible?
Louise B Cochrane Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 202478657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Louise B Cochrane Charitable Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Louise B Cochrane Charitable Foundation 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 Louise B Cochrane Charitable Foundation located?
Louise B Cochrane Charitable Foundation is headquartered in Henrico, Virginia and files with the IRS under EIN 202478657. It is classified under NTEE code T20.
How many years of IRS 990 filings does Louise B Cochrane Charitable Foundation have?
Louise B Cochrane Charitable Foundation 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 $3.8M in total revenue.
Is Louise B Cochrane Charitable Foundation a good charity?
Based on the available IRS 990 data, the Louise B Cochrane Charitable Foundation appears to be a very good charity. It has substantial assets ($20,119,707 in 2023), consistently low liabilities ($1), and reports 0% officer compensation, indicating that funds are primarily used for grants and minimal administrative overhead.
How does the foundation's asset base compare to its annual spending?
The foundation's asset base is significantly larger than its annual spending. For example, in 2023, assets were $20,119,707 while expenses were $1,123,009, demonstrating a strong endowment that ensures long-term sustainability and capacity for grant-making.
What is the primary use of the foundation's funds?
As a charitable foundation (NTEE T20) with 0% officer compensation and minimal administrative costs, the primary use of the foundation's funds is for grant-making to other organizations, fulfilling its philanthropic mission.
Filing History
IRS 990 filing history for Louise B Cochrane Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Louise B Cochrane Charitable Foundation's revenue has grown by 864.8%, moving from $146K to $1.4M. Total assets increased by 847.8% over the same period, from $2.1M to $20.1M. Total functional expenses rose by 1384.9%, from $76K to $1.1M. In its most recent filing year (2023), Louise B Cochrane Charitable Foundation reported a surplus of $290K, with revenue exceeding expenses. The organization holds $1 in liabilities against $20.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $20.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.1M | $20.1M | $1 | — | — |
| 2022 | $1.5M | $1.1M | $19.3M | $1 | — | View 990 |
| 2021 | $1.1M | $815K | $20.5M | $1 | — | View 990 |
| 2020 | $908K | $479K | $16.4M | $1 | — | — |
| 2019 | $7.6M | $421K | $15.4M | $1 | — | — |
| 2015 | $-2,596 | $187K | $2.7M | $1 | — | View 990 |
| 2014 | $-81,405 | $131K | $3.5M | $0 | — | View 990 |
| 2013 | $992K | $107K | $3.7M | $0 | — | View 990 |
| 2012 | $60K | $121K | $2.1M | $0 | — | View 990 |
| 2011 | $146K | $76K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.1M, and assets of $20.1M (revenue -8.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.1M, and assets of $19.3M (revenue +40.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $815K, and assets of $20.5M (revenue +21.5% year-over-year).
- 2020: Revenue of $908K, expenses of $479K, and assets of $16.4M (revenue -88.1% year-over-year).
- 2019: Revenue of $7.6M, expenses of $421K, and assets of $15.4M.
- 2015: Revenue of $-2,596, expenses of $187K, and assets of $2.7M.
- 2014: Revenue of $-81,405, expenses of $131K, and assets of $3.5M (revenue -108.2% year-over-year).
- 2013: Revenue of $992K, expenses of $107K, and assets of $3.7M (revenue +1556.7% year-over-year).
- 2012: Revenue of $60K, expenses of $121K, and assets of $2.1M (revenue -59.1% year-over-year).
- 2011: Revenue of $146K, expenses of $76K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louise B Cochrane Charitable Foundation:
Data Sources and Methodology
This transparency report for Louise B Cochrane Charitable Foundation 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.