Lucille Lortel Theatre Foundation Inc
Lucille Lortel Theatre Foundation sees substantial revenue and asset growth with no reported officer compensation.
EIN: 133995881 · New York, NY · NTEE: A20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| Net Assets | $3.8M |
| Transparency Score | 95/100 |
Is Lucille Lortel Theatre 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 Theatre Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lucille Lortel Theatre Foundation Inc
Lucille Lortel Theatre Foundation Inc (EIN: 133995881) is a nonprofit organization based in New York, NY, classified under NTEE code A20. The organization reported total revenue of $4.0M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lucille Lortel Theatre Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lucille Lortel Theatre Foundation Inc is a mid-size nonprofit that has been operating for 2 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$454K |
| Total Assets | $3.9M |
| Total Liabilities | $38K |
| Net Assets | $3.8M |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 25.3 months |
Financial Health Grade: A
In 2022, Lucille Lortel Theatre Foundation Inc reported a surplus of $454K with revenue exceeding expenses, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Lucille Lortel Theatre Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +93.2% | +46.4% | +8.7% |
| 2021 | +18.3% | +7.0% | +2.2% |
| 2020 | -21.3% | -18.8% | -5.9% |
| 2019 | +61.3% | +94.0% | +27.9% |
| 2015 | +26.2% | +9.8% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Theatre Foundation Inc 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: 90%
- fundraising: 5%
According to IRS 990 filings, Lucille Lortel Theatre Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $454K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or compensation being covered by other means not reported as officer compensation.
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 Theatre Foundation Inc's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data
- Unusually low liabilities relative to assets, which could indicate conservative financial practices or specific funding structures.
Strengths
The following positive indicators were identified for Lucille Lortel Theatre Foundation Inc:
- Consistent 0% officer compensation, indicating strong commitment to mission-focused spending.
- Significant growth in revenue from $2,287,275 in 2022 to $3,955,633 currently.
- Substantial increase in assets from $3,863,141 to $12,416,983, indicating strong financial health.
- Low liabilities relative to assets, suggesting financial stability and low debt.
- Positive net income in the latest reported period ($3,955,633 revenue vs. $1,833,175 expenses in 2022, though current expenses are not provided, the revenue growth is significant).
Frequently Asked Questions about Lucille Lortel Theatre Foundation Inc
Is Lucille Lortel Theatre Foundation Inc a legitimate charity?
Lucille Lortel Theatre Foundation Inc (EIN: 133995881) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 9 years of IRS 990 filings on record. Total revenue: $4.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Lucille Lortel Theatre Foundation Inc spend its money?
Lucille Lortel Theatre Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lucille Lortel Theatre Foundation Inc tax-deductible?
Lucille Lortel Theatre Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133995881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lucille Lortel Theatre Foundation Inc's spending goes to programs?
Lucille Lortel Theatre Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lucille Lortel Theatre Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Lucille Lortel Theatre Foundation Inc is above average for NTEE category A20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lucille Lortel Theatre Foundation Inc located?
Lucille Lortel Theatre Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133995881. It is classified under NTEE code A20.
How many years of IRS 990 filings does Lucille Lortel Theatre Foundation Inc have?
Lucille Lortel Theatre Foundation Inc has 9 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 $4.0M in total revenue.
How does the Lucille Lortel Theatre Foundation Inc. manage to operate without reported officer compensation?
The filings consistently show 0% officer compensation, which could mean that executive leadership is entirely volunteer-based, or that compensation for key roles is structured differently and not categorized as 'officer compensation' on the 990, potentially through a related entity or as general staff salaries.
What factors contributed to the significant increase in assets from $3.86M to $12.42M?
The substantial increase in assets likely stems from a combination of strong revenue growth (from $2.29M to $3.96M), successful fundraising campaigns, and potentially investment gains, as the organization's liabilities remain relatively low.
Is the organization's financial growth sustainable?
The recent surge in revenue and assets suggests strong financial health. Sustaining this growth will depend on continued successful fundraising, effective program delivery, and prudent financial management, but current trends are positive.
Filing History
IRS 990 filing history for Lucille Lortel Theatre Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Lucille Lortel Theatre Foundation Inc's revenue has grown by 277.5%, moving from $606K to $2.3M. Total assets increased by 36.7% over the same period, from $2.8M to $3.9M. Total functional expenses rose by 160.3%, from $704K to $1.8M. In its most recent filing year (2022), Lucille Lortel Theatre Foundation Inc reported a surplus of $454K, with revenue exceeding expenses. The organization holds $38K in liabilities against $3.9M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.3M | $1.8M | $3.9M | $38K | — | View 990 |
| 2021 | $1.2M | $1.3M | $3.6M | $182K | — | View 990 |
| 2020 | $1.0M | $1.2M | $3.5M | $36K | — | View 990 |
| 2019 | $1.3M | $1.4M | $3.7M | $83K | — | View 990 |
| 2015 | $788K | $743K | $2.9M | $29K | — | View 990 |
| 2014 | $624K | $676K | $2.8M | $27K | — | View 990 |
| 2013 | $720K | $664K | $2.9M | $26K | — | View 990 |
| 2012 | $713K | $704K | $2.8M | $24K | — | View 990 |
| 2011 | $606K | $704K | $2.8M | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.3M, expenses of $1.8M, and assets of $3.9M (revenue +93.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.3M, and assets of $3.6M (revenue +18.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.2M, and assets of $3.5M (revenue -21.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $3.7M (revenue +61.3% year-over-year).
- 2015: Revenue of $788K, expenses of $743K, and assets of $2.9M (revenue +26.2% year-over-year).
- 2014: Revenue of $624K, expenses of $676K, and assets of $2.8M (revenue -13.3% year-over-year).
- 2013: Revenue of $720K, expenses of $664K, and assets of $2.9M (revenue +0.9% year-over-year).
- 2012: Revenue of $713K, expenses of $704K, and assets of $2.8M (revenue +17.7% year-over-year).
- 2011: Revenue of $606K, expenses of $704K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lucille Lortel Theatre Foundation Inc:
Data Sources and Methodology
This transparency report for Lucille Lortel Theatre 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.