Lucille Lortel Foundation Inc
Lucille Lortel Foundation experiences significant financial fluctuations, with a substantial deficit in 2023 following a surplus in 2022.
EIN: 133036521 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.1M |
| Total Expenses | $10.1M |
| Program Spending | 90% |
| Net Assets | $13.8M |
| Transparency Score | 85/100 |
Is Lucille Lortel Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lucille Lortel Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lucille Lortel Foundation Inc
Lucille Lortel Foundation Inc (EIN: 133036521) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $12.1M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lucille Lortel Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lucille Lortel Foundation Inc is a large nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $10.1M |
| Surplus / Deficit | $-8,534,315 |
| Total Assets | $13.8M |
| Total Liabilities | $1 |
| Net Assets | $13.8M |
| Operating Margin | -538.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 16.3 months |
Financial Health Grade: B
In 2023, Lucille Lortel Foundation Inc reported a deficit of $8.5M with expenses exceeding revenue, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Lucille Lortel Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.1% | +261.6% | -38.3% |
| 2022 | +181.0% | +20.3% | +20.7% |
| 2021 | +367.4% | +24.3% | +0.2% |
| 2020 | -46.4% | -12.0% | -6.9% |
| 2019 | -17.7% | -0.8% | -11.8% |
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 Lucille Lortel Foundation Inc 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, Lucille Lortel Foundation Inc 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 $8.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officer compensation is paid, which is highly favorable for minimizing administrative costs.
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 Lucille Lortel Foundation Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($1,585,040 revenue vs. $10,119,355 expenses)
- Substantial decrease in assets from $22,312,648 in 2022 to $13,775,129 in 2023
- Highly volatile revenue and expense figures year-over-year, indicating potential financial instability.
Strengths
The following positive indicators were identified for Lucille Lortel Foundation Inc:
- Consistent 0% officer compensation, indicating strong commitment to minimizing executive overhead.
- Historically strong asset base, providing a buffer despite recent declines.
- Demonstrated ability to generate significant revenue in certain years (e.g., $6,627,899 in 2022).
Frequently Asked Questions about Lucille Lortel Foundation Inc
Is Lucille Lortel Foundation Inc a legitimate charity?
Lucille Lortel Foundation Inc (EIN: 133036521) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $12.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Lucille Lortel Foundation Inc spend its money?
Lucille Lortel Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lucille Lortel Foundation Inc tax-deductible?
Lucille Lortel Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133036521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lucille Lortel Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lucille Lortel 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 Lucille Lortel Foundation Inc located?
Lucille Lortel Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133036521. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lucille Lortel Foundation Inc have?
Lucille Lortel Foundation Inc has 11 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 $12.1M in total revenue.
What caused the significant expense increase in 2023 to $10,119,355, leading to a large deficit?
The 2023 filing shows expenses of $10,119,355, which is a substantial increase from previous years, particularly compared to $2,798,788 in 2022. This warrants further investigation into specific program activities or one-time expenditures.
Why did assets decrease by over $8.5 million from 2022 to 2023?
Assets dropped from $22,312,648 in 2022 to $13,775,129 in 2023. This significant reduction could be related to the high expenses in 2023 or investment performance, and requires clarification.
How does the organization sustain operations with such volatile revenue and expenses?
The wide swings in revenue and expenses, such as $504,654 revenue in 2020 versus $6,627,899 in 2022, suggest reliance on unpredictable funding sources or significant project-based funding, which could impact long-term stability.
Filing History
IRS 990 filing history for Lucille Lortel Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Lucille Lortel Foundation Inc's revenue has grown by 134.4%, moving from $676K to $1.6M. Total assets decreased by 43.4% over the same period, from $24.3M to $13.8M. Total functional expenses rose by 760%, from $1.2M to $10.1M. In its most recent filing year (2023), Lucille Lortel Foundation Inc reported a deficit of $8.5M, with expenses exceeding revenue. The organization holds $1 in liabilities against $13.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $10.1M | $13.8M | $1 | — | — |
| 2022 | $6.6M | $2.8M | $22.3M | $3K | — | View 990 |
| 2021 | $2.4M | $2.3M | $18.5M | $10K | — | — |
| 2020 | $505K | $1.9M | $18.5M | $383 | — | View 990 |
| 2019 | $942K | $2.1M | $19.8M | $9K | — | View 990 |
| 2016 | $1.1M | $2.1M | $22.5M | $7K | — | View 990 |
| 2015 | $1.1M | $1.4M | $23.5M | $7K | — | View 990 |
| 2014 | $1.2M | $1.3M | $24.0M | $6K | — | View 990 |
| 2013 | $945K | $1.3M | $24.1M | $5K | — | View 990 |
| 2012 | $1.4M | $1.2M | $24.5M | $6K | — | View 990 |
| 2011 | $676K | $1.2M | $24.3M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $10.1M, and assets of $13.8M (revenue -76.1% year-over-year).
- 2022: Revenue of $6.6M, expenses of $2.8M, and assets of $22.3M (revenue +181.0% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.3M, and assets of $18.5M (revenue +367.4% year-over-year).
- 2020: Revenue of $505K, expenses of $1.9M, and assets of $18.5M (revenue -46.4% year-over-year).
- 2019: Revenue of $942K, expenses of $2.1M, and assets of $19.8M (revenue -17.7% year-over-year).
- 2016: Revenue of $1.1M, expenses of $2.1M, and assets of $22.5M (revenue +4.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.4M, and assets of $23.5M (revenue -7.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $24.0M (revenue +24.6% year-over-year).
- 2013: Revenue of $945K, expenses of $1.3M, and assets of $24.1M (revenue -31.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $24.5M (revenue +104.4% year-over-year).
- 2011: Revenue of $676K, expenses of $1.2M, and assets of $24.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lucille Lortel Foundation Inc:
Data Sources and Methodology
This transparency report for Lucille Lortel 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.