Luella Henkel Foundation Inc
Luella Henkel Foundation consistently reports minimal revenue and significant expenses, drawing down assets.
EIN: 136219943 · Wilmington, DE · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $300 |
| Net Assets | $36K |
| Transparency Score | 20/100 |
Is Luella Henkel Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Luella Henkel Foundation Inc
Luella Henkel Foundation Inc (EIN: 136219943) is a nonprofit organization based in Wilmington, DE. The organization reported total revenue of $1 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luella Henkel Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Luella Henkel Foundation Inc is a micro nonprofit that has been operating for 68 years, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of -20.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $3 |
| Total Expenses | $300 |
| Surplus / Deficit | $-297 |
| Total Assets | $36K |
| Net Assets | $36K |
| Operating Margin | -9900.0% |
| Months of Reserves | 1458.6 months |
Financial Health Grade: B
In 2015, Luella Henkel Foundation Inc reported a deficit of $297 with expenses exceeding revenue, holds 1458.6 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2012–2015), Luella Henkel Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -40.0% | -98.9% | -0.8% |
| 2014 | -16.7% | +8679.0% | -41.6% |
| 2013 | +0.0% | +0.0% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Luella Henkel Foundation Inc with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Luella Henkel Foundation Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $297, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating no salaries are paid to executives, which is appropriate given its extremely low revenue and asset base.
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 Luella Henkel Foundation Inc's IRS 990 filings:
- Consistently high expenses relative to reported revenue (e.g., $300 expenses on $3 revenue in 2015, $26,337 expenses on $5 revenue in 2014).
- Significant asset decline from $63,288 in 2012 to $36,466 in 2015, likely due to expenses exceeding revenue.
- Lack of clear program spending, as expenses appear to be administrative or asset-depleting given the revenue figures.
Strengths
The following positive indicators were identified for Luella Henkel Foundation Inc:
- Zero reported officer compensation, indicating no executive salaries are paid.
Frequently Asked Questions about Luella Henkel Foundation Inc
Is Luella Henkel Foundation Inc a legitimate charity?
Luella Henkel Foundation Inc (EIN: 136219943) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 20/100. It has 4 years of IRS 990 filings on record. Total revenue: $1. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Luella Henkel Foundation Inc spend its money?
Luella Henkel Foundation Inc reported $1 in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Luella Henkel Foundation Inc tax-deductible?
Luella Henkel Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136219943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Luella Henkel Foundation Inc located?
Luella Henkel Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 136219943.
How many years of IRS 990 filings does Luella Henkel Foundation Inc have?
Luella Henkel Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1 in total revenue.
How does the organization cover its expenses when revenue is consistently so low?
The organization's expenses (e.g., $300 in 2015, $26,337 in 2014) consistently exceed its reported revenue (e.g., $3 in 2015, $5 in 2014). This suggests it is either drawing down on its assets, receiving significant unreported contributions, or the reported revenue figures are incomplete for its operational needs.
What are the specific program activities of the Luella Henkel Foundation?
Based on the provided IRS 990 data, specific program activities are not detailed. The NTEE code is unknown, and with minimal revenue and significant expenses, it's unclear how much, if any, of the spending directly supports charitable programs.
Why did expenses spike to $26,337 in 2014?
The provided data shows a significant spike in expenses to $26,337 in 2014, compared to $300 in other years. Without access to the full 990 form, the specific reason for this large increase is unknown, but it represents a major outlier in its financial history.
Filing History
IRS 990 filing history for Luella Henkel Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Luella Henkel Foundation Inc's revenue has declined by 50%, moving from $6 to $3. Total assets decreased by 42.4% over the same period, from $63K to $36K. Total functional expenses rose by 0%, from $300 to $300. In its most recent filing year (2015), Luella Henkel Foundation Inc reported a deficit of $297, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $3 | $300 | $36K | $0 | — | View 990 |
| 2014 | $5 | $26K | $37K | $0 | — | View 990 |
| 2013 | $6 | $300 | $63K | $0 | — | View 990 |
| 2012 | $6 | $300 | $63K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $3, expenses of $300, and assets of $36K (revenue -40.0% year-over-year).
- 2014: Revenue of $5, expenses of $26K, and assets of $37K (revenue -16.7% year-over-year).
- 2013: Revenue of $6, expenses of $300, and assets of $63K (revenue +0.0% year-over-year).
- 2012: Revenue of $6, expenses of $300, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Luella Henkel Foundation Inc:
Data Sources and Methodology
This transparency report for Luella Henkel 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.