The Laskin Charitable Foundation Inc
The Laskin Charitable Foundation Inc shows significant asset growth and no reported officer compensation amidst highly volatile revenue.
EIN: 133245633 · Coral Gables, FL · Updated: 2026-03-28
Is The Laskin Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Laskin Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Laskin Charitable Foundation Inc
The Laskin Charitable Foundation Inc (EIN: 133245633) is a nonprofit organization based in Coral Gables, FL. The organization reported total revenue of $3.9M and total assets of $16.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Laskin Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Laskin Charitable Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.3M |
| Total Expenses | $868K |
| Surplus / Deficit | +$11.5M |
| Total Assets | $16.8M |
| Total Liabilities | $1 |
| Net Assets | $16.8M |
| Operating Margin | 93.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 231.8 months |
Financial Health Grade: A
In 2023, The Laskin Charitable Foundation Inc reported a surplus of $11.5M with revenue exceeding expenses, holds 231.8 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 (2011–2023), The Laskin Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3472.5% | +16.3% | +199.9% |
| 2022 | -46.4% | -6.8% | -6.8% |
| 2021 | +299.7% | +55.2% | -2.7% |
| 2020 | +26.4% | +50.2% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 The Laskin Charitable 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, The Laskin Charitable 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 surplus of $11.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating either a volunteer-led executive team or that compensation is not reported in this category, which is a strong positive for transparency and efficiency relative to its asset base of over $16 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 The Laskin Charitable Foundation Inc's IRS 990 filings:
- Highly volatile revenue streams make long-term financial planning and consistent program support challenging.
- NTEE code is unknown, which limits understanding of its specific charitable focus and impact area.
Strengths
The following positive indicators were identified for The Laskin Charitable Foundation Inc:
- Consistent asset growth from $7.9 million in 2011 to $16.7 million in 2023, indicating strong financial stewardship.
- Extremely low liabilities ($1 across all periods) demonstrating excellent financial health and minimal debt.
- No reported officer compensation, suggesting high efficiency and dedication from leadership.
- Relatively stable and low expenses, indicating efficient operations or a focus on grantmaking.
Frequently Asked Questions about The Laskin Charitable Foundation Inc
Is The Laskin Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Laskin Charitable Foundation Inc (EIN: 133245633) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does The Laskin Charitable Foundation Inc spend its money?
The Laskin Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Laskin Charitable Foundation Inc tax-deductible?
The Laskin Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133245633). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary source of the Laskin Charitable Foundation's revenue, given its high variability?
The significant fluctuations in revenue, such as the jump from $345,279 in 2022 to $12,335,095 in 2023, suggest that the foundation likely relies on large, infrequent donations, bequests, or substantial investment gains rather than consistent operational income.
How does the foundation achieve its mission with such low reported expenses relative to its assets?
With expenses consistently under $1 million and assets over $16 million, it's probable that The Laskin Charitable Foundation primarily operates as a grant-making entity, distributing funds to other organizations rather than directly running extensive programs, which would explain lower operational costs.
Does the '0% Officer Comp' mean no one is paid for executive duties?
While '0% Officer Comp' is reported, it could mean that executive roles are filled by volunteers, or that compensation is paid through a related entity, or that the individuals are compensated in a way not classified as 'officer compensation' on the 990. However, based solely on the filings, it indicates no direct compensation to officers from the foundation itself.
Filing History
IRS 990 filing history for The Laskin Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Laskin Charitable Foundation Inc's revenue has grown by 1059%, moving from $1.1M to $12.3M. Total assets increased by 110.8% over the same period, from $8.0M to $16.8M. Total functional expenses rose by 88.1%, from $462K to $868K. In its most recent filing year (2023), The Laskin Charitable Foundation Inc reported a surplus of $11.5M, with revenue exceeding expenses. The organization holds $1 in liabilities against $16.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $16.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.3M | $868K | $16.8M | $1 | — | View 990 |
| 2022 | $345K | $747K | $5.6M | $1 | — | View 990 |
| 2021 | $644K | $801K | $6.0M | $1 | — | View 990 |
| 2020 | $161K | $516K | $6.2M | $1 | — | View 990 |
| 2019 | $127K | $344K | $6.5M | $1 | — | — |
| 2015 | $-352,839 | $475K | $7.8M | $1 | — | View 990 |
| 2014 | $983K | $644K | $8.4M | $1 | — | View 990 |
| 2013 | $946K | $694K | $8.0M | $1 | — | View 990 |
| 2012 | $964K | $476K | $7.8M | $1 | — | View 990 |
| 2011 | $1.1M | $462K | $8.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.3M, expenses of $868K, and assets of $16.8M (revenue +3472.5% year-over-year).
- 2022: Revenue of $345K, expenses of $747K, and assets of $5.6M (revenue -46.4% year-over-year).
- 2021: Revenue of $644K, expenses of $801K, and assets of $6.0M (revenue +299.7% year-over-year).
- 2020: Revenue of $161K, expenses of $516K, and assets of $6.2M (revenue +26.4% year-over-year).
- 2019: Revenue of $127K, expenses of $344K, and assets of $6.5M.
- 2015: Revenue of $-352,839, expenses of $475K, and assets of $7.8M (revenue -135.9% year-over-year).
- 2014: Revenue of $983K, expenses of $644K, and assets of $8.4M (revenue +3.9% year-over-year).
- 2013: Revenue of $946K, expenses of $694K, and assets of $8.0M (revenue -1.9% year-over-year).
- 2012: Revenue of $964K, expenses of $476K, and assets of $7.8M (revenue -9.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $462K, and assets of $8.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Laskin Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for The Laskin Charitable 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.