Richard Lounsbery Foundation Inc
Richard Lounsbery Foundation consistently distributes funds with zero reported officer compensation.
EIN: 136081860 · Washington, DC · Updated: 2026-03-28
Is Richard Lounsbery Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Richard Lounsbery Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Richard Lounsbery Foundation Inc
Richard Lounsbery Foundation Inc (EIN: 136081860) is a nonprofit organization based in Washington, DC. The organization reported total revenue of $13.7M and total assets of $22.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard Lounsbery Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard Lounsbery Foundation Inc is a large nonprofit that has been operating for 66 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-1,566,875 |
| Total Assets | $23.0M |
| Total Liabilities | $1 |
| Net Assets | $23.0M |
| Operating Margin | -52.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 61.0 months |
Financial Health Grade: B
In 2023, Richard Lounsbery Foundation Inc reported a deficit of $1.6M with expenses exceeding revenue, holds 61.0 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 (2011–2023), Richard Lounsbery Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.8% | +8.4% | -6.4% |
| 2022 | -25.9% | -3.4% | -2.3% |
| 2021 | -51.2% | +10.9% | +2.2% |
| 2020 | +195.5% | +9.8% | +32.8% |
| 2019 | -2.5% | +23.2% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
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 Richard Lounsbery 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Richard Lounsbery Foundation Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a foundation of its size with assets over $20 million.
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 Richard Lounsbery Foundation Inc's IRS 990 filings:
- Consistent $1 liability in recent filings is unusual and lacks clear explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits full efficiency analysis.
Strengths
The following positive indicators were identified for Richard Lounsbery Foundation Inc:
- Zero reported officer compensation across all filings, indicating high efficiency in executive leadership.
- Substantial and stable asset base (over $20 million) provides strong financial stability for grant-making.
- Consistent history of active spending, with expenses often meeting or exceeding revenue, suggesting active distribution of funds.
- Long filing history (10 filings) indicates an established and stable organization.
Frequently Asked Questions about Richard Lounsbery Foundation Inc
Is Richard Lounsbery Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Richard Lounsbery Foundation Inc (EIN: 136081860) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Richard Lounsbery Foundation Inc spend its money?
Richard Lounsbery Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Richard Lounsbery Foundation Inc tax-deductible?
Richard Lounsbery Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136081860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the consistent $1 liability reported in recent years?
The IRS 990 filings for 2020-2023 show a consistent liability of $1. This is an unusual figure and could represent a placeholder, a minor accounting entry, or a specific type of liability that is not further detailed in the summary data. It would require reviewing the full 990 forms to understand its exact nature.
How does the foundation manage its executive functions without officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation's executive functions may be performed by volunteers, board members without compensation, or through contracted services that are not categorized as officer compensation. This structure can contribute to lower administrative overhead.
What are the specific program areas or grants supported by the foundation?
The provided data does not specify the NTEE code or detailed program areas. To understand the specific mission and types of grants the Richard Lounsbery Foundation supports, one would need to review the full IRS 990 forms, particularly Schedule I (Grants and Other Assistance to Organizations, Governments, and Individuals in the U.S.) and Schedule O (Supplemental Information to Form 990).
Filing History
IRS 990 filing history for Richard Lounsbery Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Richard Lounsbery Foundation Inc's revenue has grown by 5.4%, moving from $2.8M to $3.0M. Total assets increased by 14% over the same period, from $20.2M to $23.0M. Total functional expenses rose by 54.7%, from $2.9M to $4.5M. In its most recent filing year (2023), Richard Lounsbery Foundation Inc reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $1 in liabilities against $23.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $23.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $4.5M | $23.0M | $1 | — | View 990 |
| 2022 | $3.6M | $4.2M | $24.6M | $1 | — | View 990 |
| 2021 | $4.9M | $4.3M | $25.2M | $1 | — | — |
| 2020 | $10.0M | $3.9M | $24.6M | $1 | — | — |
| 2019 | $3.4M | $3.6M | $18.5M | $0 | — | View 990 |
| 2015 | $3.5M | $2.9M | $19.6M | $0 | — | View 990 |
| 2014 | $2.9M | $3.0M | $19.0M | $0 | — | View 990 |
| 2013 | $2.7M | $3.2M | $19.2M | $0 | — | View 990 |
| 2012 | $2.5M | $3.0M | $19.7M | $0 | — | View 990 |
| 2011 | $2.8M | $2.9M | $20.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $4.5M, and assets of $23.0M (revenue -17.8% year-over-year).
- 2022: Revenue of $3.6M, expenses of $4.2M, and assets of $24.6M (revenue -25.9% year-over-year).
- 2021: Revenue of $4.9M, expenses of $4.3M, and assets of $25.2M (revenue -51.2% year-over-year).
- 2020: Revenue of $10.0M, expenses of $3.9M, and assets of $24.6M (revenue +195.5% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.6M, and assets of $18.5M (revenue -2.5% year-over-year).
- 2015: Revenue of $3.5M, expenses of $2.9M, and assets of $19.6M (revenue +21.5% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.0M, and assets of $19.0M (revenue +6.2% year-over-year).
- 2013: Revenue of $2.7M, expenses of $3.2M, and assets of $19.2M (revenue +8.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $3.0M, and assets of $19.7M (revenue -11.6% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.9M, and assets of $20.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard Lounsbery Foundation Inc:
Data Sources and Methodology
This transparency report for Richard Lounsbery 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.