Lucretia Philanthropic Foundation Inc
Lucretia Philanthropic Foundation Inc shows strong asset growth and minimal liabilities, with no reported officer compensation.
EIN: 203964837 · Woburn, MA · NTEE: T20 · Updated: 2026-03-28
Is Lucretia Philanthropic Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lucretia Philanthropic Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lucretia Philanthropic Foundation Inc
Lucretia Philanthropic Foundation Inc (EIN: 203964837) is a nonprofit organization based in Woburn, MA, classified under NTEE code T20. The organization reported total revenue of $28.2M and total assets of $57.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lucretia Philanthropic Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lucretia Philanthropic Foundation Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Lucretia Philanthropic Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a fully volunteer-led executive team or that compensation is covered by an affiliated entity not reflected in these specific filings. This suggests a highly efficient use of funds, as no direct organizational revenue is allocated to officer salaries.
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 Lucretia Philanthropic Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $369,166 in 202212 vs. $28,229,710 latest revenue) could indicate unpredictable funding streams.
Strengths
The following positive indicators were identified for Lucretia Philanthropic Foundation Inc:
- Consistent and substantial asset growth, from $15.6M in 2011 to $57.9M currently.
- Extremely low liabilities ($1 in most years) indicating strong financial health and minimal debt.
- 0% reported officer compensation across all filings, suggesting highly efficient use of funds.
- Expenses consistently well below revenue in most years, demonstrating fiscal prudence (e.g., 202312: $11.7M revenue vs. $4.0M expenses).
Frequently Asked Questions about Lucretia Philanthropic Foundation Inc
Is Lucretia Philanthropic Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lucretia Philanthropic Foundation Inc (EIN: 203964837) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Lucretia Philanthropic Foundation Inc spend its money?
Lucretia Philanthropic Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lucretia Philanthropic Foundation Inc tax-deductible?
Lucretia Philanthropic Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203964837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lucretia Philanthropic Foundation Inc manage its significant revenue fluctuations?
The foundation appears to manage revenue fluctuations by maintaining expenses significantly below revenue in most years, allowing for substantial asset growth. For example, in 202312, revenue was $11,732,396 while expenses were $4,024,802, creating a large surplus.
What is the reason for the 0% officer compensation reported?
The consistent 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based or compensated through an external entity, which is a strong indicator of fiscal efficiency and dedication to the mission.
What is the foundation's strategy for asset growth?
The foundation consistently generates more revenue than expenses, leading to significant surpluses that contribute to asset growth. Assets have grown from $15,604,257 in 201112 to $57,931,495 in the latest period, demonstrating a clear strategy of reinvestment or accumulation.
Filing History
IRS 990 filing history for Lucretia Philanthropic Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lucretia Philanthropic Foundation Inc's revenue has grown by 2746.9%, moving from $412K to $11.7M. Total assets increased by 246.4% over the same period, from $15.6M to $54.1M. Total functional expenses rose by 324.2%, from $949K to $4.0M. In its most recent filing year (2023), Lucretia Philanthropic Foundation Inc reported a surplus of $7.7M, with revenue exceeding expenses. The organization holds $1 in liabilities against $54.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $54.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11.7M | $4.0M | $54.1M | $1 | — | — |
| 2022 | $369K | $3.3M | $46.3M | $1 | — | View 990 |
| 2021 | $10.8M | $3.6M | $49.1M | $1 | — | View 990 |
| 2020 | $9.1M | $3.5M | $41.9M | $1 | — | View 990 |
| 2019 | $7.4M | $3.5M | $37.7M | $1.6M | — | — |
| 2015 | $3.7M | $1.8M | $23.3M | $1 | — | View 990 |
| 2014 | $5.9M | $1.6M | $21.4M | $1 | — | View 990 |
| 2013 | $5.2M | $1.4M | $19.8M | $1 | — | View 990 |
| 2012 | $1.3M | $955K | $15.9M | $1 | — | View 990 |
| 2011 | $412K | $949K | $15.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.7M, expenses of $4.0M, and assets of $54.1M (revenue +3078.1% year-over-year).
- 2022: Revenue of $369K, expenses of $3.3M, and assets of $46.3M (revenue -96.6% year-over-year).
- 2021: Revenue of $10.8M, expenses of $3.6M, and assets of $49.1M (revenue +18.5% year-over-year).
- 2020: Revenue of $9.1M, expenses of $3.5M, and assets of $41.9M (revenue +22.8% year-over-year).
- 2019: Revenue of $7.4M, expenses of $3.5M, and assets of $37.7M (revenue +100.3% year-over-year).
- 2015: Revenue of $3.7M, expenses of $1.8M, and assets of $23.3M (revenue -37.4% year-over-year).
- 2014: Revenue of $5.9M, expenses of $1.6M, and assets of $21.4M (revenue +13.0% year-over-year).
- 2013: Revenue of $5.2M, expenses of $1.4M, and assets of $19.8M (revenue +315.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $955K, and assets of $15.9M (revenue +204.7% year-over-year).
- 2011: Revenue of $412K, expenses of $949K, and assets of $15.6M.
Data Sources and Methodology
This transparency report for Lucretia Philanthropic 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.