Lurie Family Foundation
Lurie Family Foundation consistently operates with substantial assets and minimal liabilities, often disbursing more than annual revenue.
EIN: 202741949 · Boston, MA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $3.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $18 |
| Net Assets | $18.1M |
| Transparency Score | 85/100 |
Is Lurie Family Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lurie Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lurie Family Foundation
Lurie Family Foundation (EIN: 202741949) is a nonprofit organization based in Boston, MA, classified under NTEE code T22. The organization reported total revenue of $2.5M and total assets of $18.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lurie Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lurie Family Foundation is a mid-size nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $698K |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-2,411,587 |
| Total Assets | $18.1M |
| Total Liabilities | $1 |
| Net Assets | $18.1M |
| Operating Margin | -345.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 70.0 months |
Financial Health Grade: B
In 2023, Lurie Family Foundation reported a deficit of $2.4M with expenses exceeding revenue, holds 70.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Lurie Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.7% | +135.3% | -12.3% |
| 2022 | +116.0% | +62.0% | +11.1% |
| 2021 | +30.2% | +88.5% | -6.3% |
| 2020 | -10.7% | -66.9% | +2.0% |
| 2019 | -48.4% | +3.4% | +4.8% |
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 Lurie Family Foundation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lurie Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is highly favorable for a foundation of its size with assets around $18 million, indicating either volunteer leadership or compensation structured in a way that doesn't appear as officer compensation on the 990.
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.
Strengths
The following positive indicators were identified for Lurie Family Foundation:
- Strong and stable asset base (consistently $18M-$20M)
- Minimal liabilities ($0 or $1 reported across all filings)
- Zero reported officer compensation, indicating efficient use of funds or volunteer leadership
- Consistent financial reporting over a long period (9 filings)
Frequently Asked Questions about Lurie Family Foundation
Is Lurie Family Foundation a legitimate charity?
Lurie Family Foundation (EIN: 202741949) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 9 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Lurie Family Foundation spend its money?
Lurie Family Foundation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lurie Family Foundation tax-deductible?
Lurie Family Foundation is registered as a tax-exempt nonprofit (EIN: 202741949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lurie Family Foundation CEO make?
Lurie Family Foundation's highest-compensated officer earns $18 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lurie Family Foundation's spending goes to programs?
Lurie Family Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lurie Family Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lurie Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lurie Family Foundation located?
Lurie Family Foundation is headquartered in Boston, Massachusetts and files with the IRS under EIN 202741949. It is classified under NTEE code T22.
How many years of IRS 990 filings does Lurie Family Foundation have?
Lurie Family Foundation 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 $2.5M in total revenue.
Is Lurie Family Foundation a good charity?
Based on the available financial data, the Lurie Family Foundation appears to be a well-managed private foundation with substantial assets and minimal liabilities. Its consistent reporting of zero officer compensation is a positive indicator of efficient resource allocation. However, as a private foundation, its primary function is grantmaking, and a 'good charity' assessment would also depend on the impact and effectiveness of its grants, which is not detailed in these financial summaries.
How does the foundation manage its expenses when revenue is lower?
The foundation appears to draw from its substantial asset base (e.g., $18,505,662 latest assets) to cover expenses when annual revenue is insufficient, as demonstrated in 2023 where expenses ($3,109,141) significantly exceeded revenue ($697,554). This is a common practice for foundations with large endowments.
What is the trend in the foundation's asset base?
The foundation's asset base has remained remarkably stable over the past decade, consistently hovering between $18 million and $20 million, indicating sound financial stewardship and investment management despite fluctuations in annual revenue and expenses.
Filing History
IRS 990 filing history for Lurie Family Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Lurie Family Foundation's revenue has declined by 63.7%, moving from $1.9M to $698K. Total assets decreased by 0.1% over the same period, from $18.2M to $18.1M. Total functional expenses rose by 166.3%, from $1.2M to $3.1M. In its most recent filing year (2023), Lurie Family Foundation reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $18.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $18.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $698K | $3.1M | $18.1M | $1 | — | — |
| 2022 | $2.2M | $1.3M | $20.7M | $1 | — | View 990 |
| 2021 | $999K | $816K | $18.6M | $1 | — | View 990 |
| 2020 | $767K | $433K | $19.9M | $0 | — | View 990 |
| 2019 | $859K | $1.3M | $19.5M | $0 | — | View 990 |
| 2015 | $1.7M | $1.3M | $18.6M | $0 | — | View 990 |
| 2014 | $558K | $1.3M | $18.2M | $0 | — | View 990 |
| 2013 | $1.9M | $1.5M | $18.8M | $0 | — | View 990 |
| 2012 | $1.9M | $1.2M | $18.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $698K, expenses of $3.1M, and assets of $18.1M (revenue -67.7% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.3M, and assets of $20.7M (revenue +116.0% year-over-year).
- 2021: Revenue of $999K, expenses of $816K, and assets of $18.6M (revenue +30.2% year-over-year).
- 2020: Revenue of $767K, expenses of $433K, and assets of $19.9M (revenue -10.7% year-over-year).
- 2019: Revenue of $859K, expenses of $1.3M, and assets of $19.5M (revenue -48.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.3M, and assets of $18.6M (revenue +198.4% year-over-year).
- 2014: Revenue of $558K, expenses of $1.3M, and assets of $18.2M (revenue -70.5% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.5M, and assets of $18.8M (revenue -1.3% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.2M, and assets of $18.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lurie Family Foundation:
Data Sources and Methodology
This transparency report for Lurie Family Foundation 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.