Lusk Family Foundation
Lusk Family Foundation faces consistent operating deficits and declining assets over the past decade.
EIN: 202011334 · Wichita, KS · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $46K |
| Program Spending | 80% |
| Net Assets | $851K |
| Transparency Score | 55/100 |
Is Lusk Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lusk Family Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lusk Family Foundation
Lusk Family Foundation (EIN: 202011334) is a nonprofit organization based in Wichita, KS, classified under NTEE code T20. The organization reported total revenue of $30K and total assets of $841K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lusk Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lusk Family Foundation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28K |
| Total Expenses | $46K |
| Surplus / Deficit | $-18,150 |
| Total Assets | $856K |
| Total Liabilities | $5K |
| Net Assets | $851K |
| Operating Margin | -64.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 221.0 months |
Financial Health Grade: B
In 2023, Lusk Family Foundation reported a deficit of $18K with expenses exceeding revenue, holds 221.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Lusk Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.8% | -8.2% | -2.1% |
| 2021 | -219.6% | -2.4% | -6.3% |
| 2020 | -61.1% | +3.3% | -4.1% |
| 2019 | -73.1% | +1.7% | +13.3% |
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 Lusk Family Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lusk Family Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The Lusk Family Foundation consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is a strong positive for resource allocation directly to the foundation's mission.
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 Lusk Family Foundation's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., 2023: $46,481 expenses vs. $28,331 revenue).
- Declining asset base over the past decade, from $1,184,452 in 2011 to $856,197 in 2023, indicating a draw on principal.
- Negative revenue reported in 2021 ($-11,617), which is an unusual and concerning financial event.
- Long-term financial sustainability is questionable given the persistent spending beyond income.
Strengths
The following positive indicators were identified for Lusk Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds in this area.
- Consistent filing of IRS Form 990s, demonstrating good transparency and compliance.
- Maintains a substantial asset base ($856,197 in 2023) despite recent declines, providing some financial cushion.
Frequently Asked Questions about Lusk Family Foundation
Is Lusk Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lusk Family Foundation (EIN: 202011334) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Lusk Family Foundation spend its money?
Lusk Family Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lusk Family Foundation tax-deductible?
Lusk Family Foundation is registered as a tax-exempt nonprofit (EIN: 202011334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lusk Family Foundation's spending goes to programs?
Lusk Family Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lusk Family Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Lusk Family Foundation is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lusk Family Foundation located?
Lusk Family Foundation is headquartered in Wichita, Kansas and files with the IRS under EIN 202011334. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lusk Family Foundation have?
Lusk Family Foundation has 10 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 $30K in total revenue.
What is the primary cause of the consistent operating deficits?
The filings show expenses frequently exceeding revenue, for example, $46,481 in expenses against $28,331 in revenue in 2023. This suggests either insufficient incoming funds or high operational costs relative to income, leading to a draw on assets.
How does the foundation cover its annual deficits?
Given the declining asset base from $1,184,452 in 2011 to $856,197 in 2023, it appears the foundation is covering its deficits by drawing down its principal assets, which is not a sustainable long-term strategy.
What led to the negative revenue reported in 2021 ($-11,617)?
Negative revenue can occur due to investment losses, returns of grants, or other unusual financial events. A detailed look at the 2021 filing's Statement of Revenue would be needed to pinpoint the exact cause.
What are the specific categories of expenses for the foundation?
While the filings show total expenses, a detailed breakdown of program service expenses, management and general expenses, and fundraising expenses would be necessary to fully understand spending efficiency. This information is typically found in Part IX of the Form 990.
What is the foundation's strategy for improving its financial sustainability?
The consistent deficits and declining assets suggest a need for a strategy to either increase revenue (e.g., through investment growth or new contributions) or reduce expenses to ensure the foundation's long-term viability.
Filing History
IRS 990 filing history for Lusk Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lusk Family Foundation's revenue has grown by 87.8%, moving from $15K to $28K. Total assets decreased by 27.7% over the same period, from $1.2M to $856K. Total functional expenses rose by 52.6%, from $30K to $46K. In its most recent filing year (2023), Lusk Family Foundation reported a deficit of $18K, with expenses exceeding revenue. The organization holds $5K in liabilities against $856K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $851K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28K | $46K | $856K | $5K | — | — |
| 2022 | $16K | $51K | $874K | $5K | — | — |
| 2021 | $-11,617 | $50K | $909K | $5K | — | — |
| 2020 | $10K | $51K | $970K | $5K | — | — |
| 2019 | $25K | $49K | $1.0M | $5K | — | View 990 |
| 2015 | $93K | $49K | $892K | $0 | — | View 990 |
| 2014 | $46K | $44K | $848K | $0 | — | View 990 |
| 2013 | $2K | $33K | $847K | $1 | — | View 990 |
| 2012 | $-275,629 | $31K | $1.1M | $177K | — | View 990 |
| 2011 | $15K | $30K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28K, expenses of $46K, and assets of $856K (revenue +74.8% year-over-year).
- 2022: Revenue of $16K, expenses of $51K, and assets of $874K.
- 2021: Revenue of $-11,617, expenses of $50K, and assets of $909K (revenue -219.6% year-over-year).
- 2020: Revenue of $10K, expenses of $51K, and assets of $970K (revenue -61.1% year-over-year).
- 2019: Revenue of $25K, expenses of $49K, and assets of $1.0M (revenue -73.1% year-over-year).
- 2015: Revenue of $93K, expenses of $49K, and assets of $892K (revenue +103.9% year-over-year).
- 2014: Revenue of $46K, expenses of $44K, and assets of $848K (revenue +2757.6% year-over-year).
- 2013: Revenue of $2K, expenses of $33K, and assets of $847K.
- 2012: Revenue of $-275,629, expenses of $31K, and assets of $1.1M (revenue -1926.7% year-over-year).
- 2011: Revenue of $15K, expenses of $30K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lusk Family Foundation:
Data Sources and Methodology
This transparency report for Lusk 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.