Mcelligott Family Foundation
EIN: 271847417 · Lafayette, LA · NTEE: T90
| Metric | Value |
|---|---|
| Total Revenue | $146K |
| Total Expenses | $218K |
| Net Assets | $1.1M |
Is Mcelligott Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mcelligott Family Foundation
Mcelligott Family Foundation (EIN: 271847417) is a nonprofit organization based in Lafayette, LA, classified under NTEE code T90. The organization reported total revenue of $146K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcelligott Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcelligott Family Foundation is a small nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $47K |
| Total Expenses | $218K |
| Surplus / Deficit | $-170,868 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -365.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.1 months |
Financial Health Grade: B
In 2023, Mcelligott Family Foundation reported a deficit of $171K with expenses exceeding revenue, holds 61.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.4% | +12.4% | -13.4% |
| 2022 | -58.5% | +61.7% | -6.0% |
| 2021 | +71.9% | -8.9% | +12.5% |
| 2020 | +102.0% | +155.3% | +2.2% |
| 2019 | +3.4% | +0.1% | +73.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mcelligott Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mcelligott Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $171K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Mcelligott Family Foundation
Is Mcelligott Family Foundation a legitimate charity?
Mcelligott Family Foundation (EIN: 271847417) is a registered tax-exempt nonprofit based in Louisiana. It has 10 years of IRS 990 filings on record. Total revenue: $146K. No red flags identified. Financial health grade: B.
How does Mcelligott Family Foundation spend its money?
Mcelligott Family Foundation reported $146K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mcelligott Family Foundation tax-deductible?
Mcelligott Family Foundation is registered as a tax-exempt nonprofit (EIN: 271847417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mcelligott Family Foundation located?
Mcelligott Family Foundation is headquartered in Lafayette, Louisiana and files with the IRS under EIN 271847417. It is classified under NTEE code T90.
How many years of IRS 990 filings does Mcelligott Family Foundation have?
Mcelligott 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 $146K in total revenue.
Filing History
IRS 990 filing history for Mcelligott Family Foundation showing financial trends over 10 years of public records:
Total assets increased by 2333.3% over the same period, from $46K to $1.1M. Total functional expenses rose by 3579.6%, from $6K to $218K. In its most recent filing year (2023), Mcelligott Family Foundation reported a deficit of $171K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $47K | $218K | $1.1M | $1 | — | View 990 |
| 2022 | $113K | $194K | $1.3M | $1 | — | View 990 |
| 2021 | $271K | $120K | $1.4M | $1 | — | View 990 |
| 2020 | $158K | $131K | $1.2M | $1 | — | — |
| 2019 | $78K | $51K | $1.2M | $1 | — | View 990 |
| 2015 | $76K | $51K | $683K | $1 | — | View 990 |
| 2014 | $69K | $35K | $659K | $1 | — | View 990 |
| 2013 | $314K | $20K | $625K | $1 | — | View 990 |
| 2012 | $300K | $15K | $331K | $0 | — | View 990 |
| 2011 | $-1,440 | $6K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $47K, expenses of $218K, and assets of $1.1M (revenue -58.4% year-over-year).
- 2022: Revenue of $113K, expenses of $194K, and assets of $1.3M (revenue -58.5% year-over-year).
- 2021: Revenue of $271K, expenses of $120K, and assets of $1.4M (revenue +71.9% year-over-year).
- 2020: Revenue of $158K, expenses of $131K, and assets of $1.2M (revenue +102.0% year-over-year).
- 2019: Revenue of $78K, expenses of $51K, and assets of $1.2M (revenue +3.4% year-over-year).
- 2015: Revenue of $76K, expenses of $51K, and assets of $683K (revenue +9.2% year-over-year).
- 2014: Revenue of $69K, expenses of $35K, and assets of $659K (revenue -78.0% year-over-year).
- 2013: Revenue of $314K, expenses of $20K, and assets of $625K (revenue +4.7% year-over-year).
- 2012: Revenue of $300K, expenses of $15K, and assets of $331K.
- 2011: Revenue of $-1,440, expenses of $6K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcelligott Family Foundation:
Data Sources and Methodology
This transparency report for Mcelligott 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.