Quebec Labrador Foundation Inc
Quebec Labrador Foundation maintains stable assets with fluctuating annual revenues and expenses, consistently reporting no officer compensation.
EIN: 136155399 · Ipswich, MA · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $4.5M |
| Transparency Score | 85/100 |
Is Quebec Labrador Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quebec Labrador Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quebec Labrador Foundation Inc
Quebec Labrador Foundation Inc (EIN: 136155399) is a nonprofit organization based in Ipswich, MA, classified under NTEE code T30. The organization reported total revenue of $3.7M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quebec Labrador Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quebec Labrador Foundation Inc is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-233,216 |
| Total Assets | $5.1M |
| Total Liabilities | $662K |
| Net Assets | $4.5M |
| Operating Margin | -19.6% |
| Debt-to-Asset Ratio | 12.9% |
| Months of Reserves | 43.3 months |
Financial Health Grade: B
In 2023, Quebec Labrador Foundation Inc reported a deficit of $233K with expenses exceeding revenue, holds 43.3 months of operating reserves (strong position), has a debt-to-asset ratio of 12.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Quebec Labrador Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.2% | +4.8% | +1.3% |
| 2022 | +6.4% | +2.6% | -16.4% |
| 2021 | +29.4% | +3.1% | +14.6% |
| 2020 | +2.9% | -9.2% | +3.3% |
| 2019 | -24.0% | -4.8% | -15.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Quebec Labrador Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Quebec Labrador Foundation Inc 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 $233K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led or externally funded leadership structure.
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 Quebec Labrador Foundation Inc's IRS 990 filings:
- Consistent periods of expenses exceeding revenue, raising questions about long-term financial sustainability without further context.
- Significant fluctuation in liabilities, peaking at $662,030 in 202308, which should be monitored.
Strengths
The following positive indicators were identified for Quebec Labrador Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship and dedication to mission.
- Stable asset base, generally between $5M and $6M, providing a solid financial foundation.
- Long filing history (13 filings), suggesting established operations and compliance.
Frequently Asked Questions about Quebec Labrador Foundation Inc
Is Quebec Labrador Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quebec Labrador Foundation Inc (EIN: 136155399) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Quebec Labrador Foundation Inc spend its money?
Quebec Labrador Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quebec Labrador Foundation Inc tax-deductible?
Quebec Labrador Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136155399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Quebec Labrador Foundation Inc's spending goes to programs?
Quebec Labrador Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Quebec Labrador Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Quebec Labrador Foundation Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quebec Labrador Foundation Inc located?
Quebec Labrador Foundation Inc is headquartered in Ipswich, Massachusetts and files with the IRS under EIN 136155399. It is classified under NTEE code T30.
How many years of IRS 990 filings does Quebec Labrador Foundation Inc have?
Quebec Labrador Foundation Inc has 13 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 $3.7M in total revenue.
Is Quebec Labrador Foundation Inc. a good charity?
Based on the available data, the Quebec Labrador Foundation Inc. appears to be a well-managed charity in terms of asset stability and a strong commitment to not paying officer compensation. Its consistent program focus (implied by 0% officer compensation) and stable asset base are positive indicators. However, the recurring periods where expenses exceed revenue warrant further investigation to understand the long-term financial strategy.
How does the organization manage its finances when expenses exceed revenue?
In several periods, such as 202308 (Expenses $1,422,790 vs. Revenue $1,189,574) and 202008 (Expenses $1,282,619 vs. Revenue $1,069,384), the organization spent more than it brought in. This suggests they may be drawing from accumulated reserves, endowment income not classified as annual revenue, or specific project grants that span multiple years. Further detail from the full 990 filing would clarify this.
What caused the significant increase in revenue in the latest period to $3,664,761?
The latest reported revenue of $3,664,761 is significantly higher than the historical average of $1.0M-$1.5M. This could be due to a large one-time grant, a major capital campaign, or an unusual donation. Without access to the detailed 990 for that specific period, the exact cause remains unclear.
Filing History
IRS 990 filing history for Quebec Labrador Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quebec Labrador Foundation Inc's revenue has declined by 27.1%, moving from $1.6M to $1.2M. Total assets decreased by 16.6% over the same period, from $6.2M to $5.1M. Total functional expenses fell by 28.8%, from $2.0M to $1.4M. In its most recent filing year (2023), Quebec Labrador Foundation Inc reported a deficit of $233K, with expenses exceeding revenue. The organization holds $662K in liabilities against $5.1M in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $5.1M | $662K | — | View 990 |
| 2022 | $1.5M | $1.4M | $5.1M | $520K | — | View 990 |
| 2021 | $1.4M | $1.3M | $6.1M | $274K | — | View 990 |
| 2020 | $1.1M | $1.3M | $5.3M | $157K | — | View 990 |
| 2019 | $1.0M | $1.4M | $5.1M | $150K | — | View 990 |
| 2018 | $1.4M | $1.5M | $6.1M | $524K | — | View 990 |
| 2017 | $1.8M | $1.9M | $6.0M | $552K | — | View 990 |
| 2016 | $2.2M | $1.6M | $5.8M | $347K | — | View 990 |
| 2015 | $1.0M | $1.7M | $5.7M | $279K | — | View 990 |
| 2014 | $1.3M | $1.7M | $6.6M | $88K | — | View 990 |
| 2013 | $1.5M | $1.4M | $6.3M | $28K | — | View 990 |
| 2012 | $1.8M | $1.7M | $6.3M | $589K | — | View 990 |
| 2011 | $1.6M | $2.0M | $6.2M | $684K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $5.1M (revenue -19.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $5.1M (revenue +6.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $6.1M (revenue +29.4% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $5.3M (revenue +2.9% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.4M, and assets of $5.1M (revenue -24.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $6.1M (revenue -23.9% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $6.0M (revenue -18.1% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.6M, and assets of $5.8M (revenue +111.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.7M, and assets of $5.7M (revenue -22.3% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.7M, and assets of $6.6M (revenue -12.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $6.3M (revenue -12.6% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $6.3M (revenue +7.2% year-over-year).
- 2011: Revenue of $1.6M, expenses of $2.0M, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quebec Labrador Foundation Inc:
Data Sources and Methodology
This transparency report for Quebec Labrador 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.