Luc Gates Foundation Inc
EIN: 43377424 · Enosburg Falls, VT · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $6K |
| Net Assets | $168K |
Is Luc Gates Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Luc Gates Foundation Inc
Luc Gates Foundation Inc (EIN: 43377424) is a nonprofit organization based in Enosburg Falls, VT, classified under NTEE code B82. The organization reported total revenue of $83K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luc Gates Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Luc Gates Foundation Inc is a micro nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -114.9% | -58.1% | -5.0% |
| 2022 | -10.4% | +228.3% | +5.0% |
| 2021 | +68.8% | -62.3% | +13.6% |
| 2020 | -35.7% | -42.6% | +2.5% |
| 2019 | +67.8% | -38.0% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Luc Gates Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Luc Gates Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Luc Gates Foundation Inc
Is Luc Gates Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Luc Gates Foundation Inc (EIN: 43377424) insufficient data. 0 red flags identified, 0 strengths noted.
How does Luc Gates Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Luc Gates Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Luc Gates Foundation Inc tax-deductible?
Luc Gates Foundation Inc is registered as a tax-exempt nonprofit (EIN: 43377424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Luc Gates Foundation Inc located?
Luc Gates Foundation Inc is headquartered in Enosburg Falls, Vermont and files with the IRS under EIN 43377424. It is classified under NTEE code B82.
How many years of IRS 990 filings does Luc Gates Foundation Inc have?
Luc Gates Foundation Inc has 13 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 $83K in total revenue.
Filing History
IRS 990 filing history for Luc Gates Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Luc Gates Foundation Inc's revenue has declined by 111.5%, moving from $28K to $-3,244. Total assets increased by 57.5% over the same period, from $107K to $168K. Total functional expenses fell by 68.3%, from $18K to $6K. The organization holds $97 in liabilities against $168K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-3,244 | $6K | $168K | $97 | — | — |
| 2022 | $22K | $13K | $177K | $97 | — | — |
| 2021 | $24K | $4K | $168K | $97 | — | View 990 |
| 2020 | $14K | $11K | $148K | $97 | — | — |
| 2019 | $22K | $19K | $145K | $97 | — | View 990 |
| 2018 | $13K | $30K | $141K | $97 | — | View 990 |
| 2017 | $19K | $23K | $158K | $97 | — | View 990 |
| 2016 | $11K | $14K | $162K | $0 | — | View 990 |
| 2015 | $34K | $21K | $165K | $0 | — | View 990 |
| 2014 | $30K | $20K | $152K | $0 | — | View 990 |
| 2013 | $35K | $19K | $143K | $0 | — | View 990 |
| 2012 | $33K | $12K | $127K | $0 | — | View 990 |
| 2011 | $28K | $18K | $107K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-3,244, expenses of $6K, and assets of $168K (revenue -114.9% year-over-year).
- 2022: Revenue of $22K, expenses of $13K, and assets of $177K (revenue -10.4% year-over-year).
- 2021: Revenue of $24K, expenses of $4K, and assets of $168K (revenue +68.8% year-over-year).
- 2020: Revenue of $14K, expenses of $11K, and assets of $148K (revenue -35.7% year-over-year).
- 2019: Revenue of $22K, expenses of $19K, and assets of $145K (revenue +67.8% year-over-year).
- 2018: Revenue of $13K, expenses of $30K, and assets of $141K (revenue -30.3% year-over-year).
- 2017: Revenue of $19K, expenses of $23K, and assets of $158K (revenue +71.8% year-over-year).
- 2016: Revenue of $11K, expenses of $14K, and assets of $162K (revenue -67.0% year-over-year).
- 2015: Revenue of $34K, expenses of $21K, and assets of $165K (revenue +13.1% year-over-year).
- 2014: Revenue of $30K, expenses of $20K, and assets of $152K (revenue -13.9% year-over-year).
- 2013: Revenue of $35K, expenses of $19K, and assets of $143K (revenue +6.0% year-over-year).
- 2012: Revenue of $33K, expenses of $12K, and assets of $127K (revenue +15.5% year-over-year).
- 2011: Revenue of $28K, expenses of $18K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Luc Gates Foundation Inc:
Data Sources and Methodology
This transparency report for Luc Gates 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.