Lyn & Margaret Comfort Charitable Foundation
Lyn & Margaret Comfort Charitable Foundation consistently spends more than it earns, drawing down on assets.
EIN: 201985235 · Newport, RI · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $167K |
| Total Expenses | $44K |
| Program Spending | 90% |
| Net Assets | $425K |
| Transparency Score | 75/100 |
Is Lyn & Margaret Comfort Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lyn & Margaret Comfort Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lyn & Margaret Comfort Charitable Foundation
Lyn & Margaret Comfort Charitable Foundation (EIN: 201985235) is a nonprofit organization based in Newport, RI, classified under NTEE code T21. The organization reported total revenue of $167K and total assets of $418K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lyn & Margaret Comfort Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lyn & Margaret Comfort Charitable Foundation is a small nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $44K |
| Surplus / Deficit | $-28,387 |
| Total Assets | $425K |
| Total Liabilities | $1 |
| Net Assets | $425K |
| Operating Margin | -180.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 115.8 months |
Financial Health Grade: B
In 2024, Lyn & Margaret Comfort Charitable Foundation reported a deficit of $28K with expenses exceeding revenue, holds 115.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2024), Lyn & Margaret Comfort Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -13.7% | +16.6% | -6.7% |
| 2023 | -64.6% | +5.8% | -4.1% |
| 2022 | +46.8% | +15.1% | +3.4% |
| 2021 | +18.6% | +135.7% | +0.9% |
| 2020 | +57.9% | -70.6% | +32.1% |
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 Lyn & Margaret Comfort Charitable Foundation with a Mission Score of 75 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Lyn & Margaret Comfort Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers and directors are not compensated, which is highly favorable for a foundation of this size and suggests a strong commitment to directing funds towards its 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 Lyn & Margaret Comfort Charitable Foundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most years, e.g., 202406, 202306, 201606, 201406, 201306, 201206)
- Declining revenue in recent years (e.g., $51,419 in 202206 down to $15,710 in 202406)
Strengths
The following positive indicators were identified for Lyn & Margaret Comfort Charitable Foundation:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Stable asset base over a long period, suggesting prudent management of its endowment despite deficit spending.
Frequently Asked Questions about Lyn & Margaret Comfort Charitable Foundation
Is Lyn & Margaret Comfort Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lyn & Margaret Comfort Charitable Foundation (EIN: 201985235) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Lyn & Margaret Comfort Charitable Foundation spend its money?
Lyn & Margaret Comfort Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lyn & Margaret Comfort Charitable Foundation tax-deductible?
Lyn & Margaret Comfort Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 201985235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lyn & Margaret Comfort Charitable Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lyn & Margaret Comfort Charitable Foundation is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lyn & Margaret Comfort Charitable Foundation located?
Lyn & Margaret Comfort Charitable Foundation is headquartered in Newport, Rhode Island and files with the IRS under EIN 201985235. It is classified under NTEE code T21.
How many years of IRS 990 filings does Lyn & Margaret Comfort Charitable Foundation have?
Lyn & Margaret Comfort Charitable 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 $167K in total revenue.
Is the Lyn & Margaret Comfort Charitable Foundation financially sustainable given its consistent deficit spending?
The foundation frequently reports expenses exceeding revenue (e.g., $44,097 expenses vs. $15,710 revenue in 202406), which suggests it is drawing down on its assets. While its asset base has remained relatively stable, this pattern is not sustainable indefinitely without new significant revenue sources or a reduction in expenses.
What are the primary activities or programs funded by this foundation?
Based on the NTEE code T21 (Private Grantmaking Foundations), the foundation primarily engages in grantmaking. However, without more detailed program expense breakdowns in the provided data, specific program areas cannot be identified.
How does the lack of officer compensation impact the foundation's operations?
The consistent reporting of 0% officer compensation indicates that the foundation's leadership is likely volunteer-based. This significantly reduces administrative overhead and allows a greater proportion of funds to be directed towards its charitable purpose, enhancing spending efficiency.
Filing History
IRS 990 filing history for Lyn & Margaret Comfort Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), Lyn & Margaret Comfort Charitable Foundation's revenue has declined by 32.2%, moving from $23K to $16K. Total assets increased by 5% over the same period, from $405K to $425K. Total functional expenses fell by 24.3%, from $58K to $44K. In its most recent filing year (2024), Lyn & Margaret Comfort Charitable Foundation reported a deficit of $28K, with expenses exceeding revenue. The organization holds $1 in liabilities against $425K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $425K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $16K | $44K | $425K | $1 | — | — |
| 2023 | $18K | $38K | $456K | $1 | — | View 990 |
| 2022 | $51K | $36K | $476K | $1 | — | — |
| 2021 | $35K | $31K | $460K | $1 | — | — |
| 2020 | $30K | $13K | $455K | $1 | — | — |
| 2016 | $19K | $45K | $345K | $1 | — | View 990 |
| 2015 | $32K | $28K | $371K | $1 | — | View 990 |
| 2014 | $24K | $54K | $367K | $1 | — | View 990 |
| 2013 | $29K | $37K | $397K | $1 | — | View 990 |
| 2012 | $23K | $58K | $405K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $16K, expenses of $44K, and assets of $425K (revenue -13.7% year-over-year).
- 2023: Revenue of $18K, expenses of $38K, and assets of $456K (revenue -64.6% year-over-year).
- 2022: Revenue of $51K, expenses of $36K, and assets of $476K (revenue +46.8% year-over-year).
- 2021: Revenue of $35K, expenses of $31K, and assets of $460K (revenue +18.6% year-over-year).
- 2020: Revenue of $30K, expenses of $13K, and assets of $455K (revenue +57.9% year-over-year).
- 2016: Revenue of $19K, expenses of $45K, and assets of $345K (revenue -40.7% year-over-year).
- 2015: Revenue of $32K, expenses of $28K, and assets of $371K (revenue +30.7% year-over-year).
- 2014: Revenue of $24K, expenses of $54K, and assets of $367K (revenue -17.7% year-over-year).
- 2013: Revenue of $29K, expenses of $37K, and assets of $397K (revenue +26.5% year-over-year).
- 2012: Revenue of $23K, expenses of $58K, and assets of $405K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lyn & Margaret Comfort Charitable Foundation:
Data Sources and Methodology
This transparency report for Lyn & Margaret Comfort Charitable 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.