Lre Foundation
Lre Foundation maintains substantial assets despite recent revenue declines and operational deficits.
EIN: 204973856 · Wayzata, MN · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $15.5M |
| Transparency Score | 85/100 |
Is Lre Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lre Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lre Foundation
Lre Foundation (EIN: 204973856) is a nonprofit organization based in Wayzata, MN, classified under NTEE code T22. The organization reported total revenue of $1.4M and total assets of $15.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lre Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lre Foundation is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $992K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-69,694 |
| Total Assets | $15.5M |
| Total Liabilities | $1 |
| Net Assets | $15.5M |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 175.4 months |
Financial Health Grade: B
In 2023, Lre Foundation reported a deficit of $70K with expenses exceeding revenue, holds 175.4 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), Lre Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | -2.0% | -0.5% |
| 2022 | -77.0% | +15.2% | -0.3% |
| 2021 | +13.9% | +48.7% | +29.4% |
| 2020 | +498.4% | +42.9% | +37.6% |
| 2019 | -75.2% | +189.0% | +81.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lre Foundation with a Mission Score of 85 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, Lre Foundation 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 $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Lre Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated by an affiliated entity, which is highly efficient for an organization with assets exceeding $15 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.
Red Flags
The following concerns were identified during AI analysis of Lre Foundation's IRS 990 filings:
- Significant decline in revenue from $4.49 million in 2021 to $991,626 in 2023.
- Operational deficits in recent years (e.g., expenses exceeded revenue by $69,694 in 2023 and $50,857 in 2022).
Strengths
The following positive indicators were identified for Lre Foundation:
- Substantial and growing asset base, reaching over $15.5 million in 2023.
- Consistently reports 0% officer compensation, indicating high efficiency in leadership costs.
- Minimal liabilities reported across all filings, demonstrating strong financial management.
- Consistent IRS 990 filing history over a decade, indicating good transparency and compliance.
Frequently Asked Questions about Lre Foundation
Is Lre Foundation a legitimate charity?
Lre Foundation (EIN: 204973856) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lre Foundation spend its money?
Lre Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lre Foundation tax-deductible?
Lre Foundation is registered as a tax-exempt nonprofit (EIN: 204973856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lre Foundation CEO make?
Lre Foundation's highest-compensated officer earns $15 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Lre Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lre Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lre Foundation located?
Lre Foundation is headquartered in Wayzata, Minnesota and files with the IRS under EIN 204973856. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lre Foundation have?
Lre 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 $1.4M in total revenue.
Is Lre Foundation a good charity?
Based on the available data, Lre Foundation appears to be a financially sound organization with substantial assets ($15.5 million in 2023) and a history of minimal liabilities. The consistent reporting of 0% officer compensation is a strong positive indicator of efficiency. However, recent operational deficits (e.g., $991,626 revenue vs. $1,061,320 expenses in 2023) and a significant drop in revenue from 2021 levels ($4.49 million) suggest a need to monitor its long-term financial sustainability, particularly if these trends continue.
What caused the significant revenue fluctuation between 2021 and 2023?
The IRS 990 data shows a substantial decrease in revenue from $4,498,913 in 2021 to $991,626 in 2023. Without access to the detailed Form 990s, it's not possible to pinpoint the exact cause, but such large fluctuations often stem from changes in major contributions, investment income, or specific grant cycles. This warrants further investigation to understand the stability of its funding model.
How does Lre Foundation manage its expenses given recent operational deficits?
In 2022 and 2023, Lre Foundation's expenses ($1,083,367 and $1,061,320 respectively) exceeded its revenues ($1,032,510 and $991,626 respectively), leading to operational deficits. While the organization has substantial assets ($15.5 million in 2023) that can absorb these shortfalls, sustained deficits could erode its endowment over time. The foundation likely draws from its investment income or principal to cover these gaps, but this trend needs careful monitoring for long-term financial health.
Filing History
IRS 990 filing history for Lre Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lre Foundation's revenue has grown by 613.7%, moving from $139K to $992K. Total assets increased by 747.4% over the same period, from $1.8M to $15.5M. Total functional expenses rose by 767.1%, from $122K to $1.1M. In its most recent filing year (2023), Lre Foundation reported a deficit of $70K, with expenses exceeding revenue. The organization holds $1 in liabilities against $15.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $15.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $992K | $1.1M | $15.5M | $1 | — | View 990 |
| 2022 | $1.0M | $1.1M | $15.6M | $1 | — | View 990 |
| 2021 | $4.5M | $941K | $15.6M | $1 | — | View 990 |
| 2020 | $3.9M | $633K | $12.1M | $1 | — | View 990 |
| 2019 | $660K | $443K | $8.8M | $15K | — | View 990 |
| 2015 | $2.7M | $153K | $4.8M | $0 | — | View 990 |
| 2014 | $508K | $161K | $2.3M | $0 | — | View 990 |
| 2013 | $235K | $135K | $2.0M | $0 | — | View 990 |
| 2012 | $100K | $122K | $1.9M | $0 | — | View 990 |
| 2011 | $139K | $122K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $992K, expenses of $1.1M, and assets of $15.5M (revenue -4.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.1M, and assets of $15.6M (revenue -77.0% year-over-year).
- 2021: Revenue of $4.5M, expenses of $941K, and assets of $15.6M (revenue +13.9% year-over-year).
- 2020: Revenue of $3.9M, expenses of $633K, and assets of $12.1M (revenue +498.4% year-over-year).
- 2019: Revenue of $660K, expenses of $443K, and assets of $8.8M (revenue -75.2% year-over-year).
- 2015: Revenue of $2.7M, expenses of $153K, and assets of $4.8M (revenue +423.2% year-over-year).
- 2014: Revenue of $508K, expenses of $161K, and assets of $2.3M (revenue +116.0% year-over-year).
- 2013: Revenue of $235K, expenses of $135K, and assets of $2.0M (revenue +136.0% year-over-year).
- 2012: Revenue of $100K, expenses of $122K, and assets of $1.9M (revenue -28.3% year-over-year).
- 2011: Revenue of $139K, expenses of $122K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lre Foundation:
Data Sources and Methodology
This transparency report for Lre 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.