The Laurence And Michele Chang Foundation
The Laurence And Michele Chang Foundation consistently directs funds to programs with zero officer compensation, despite fluctuating revenues.
EIN: 208383517 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is The Laurence And Michele Chang Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Laurence And Michele Chang Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Laurence And Michele Chang Foundation
The Laurence And Michele Chang Foundation (EIN: 208383517) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $200K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Laurence And Michele Chang Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Laurence And Michele Chang Foundation is a small nonprofit that has been operating for 18 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 | $114K |
| Total Expenses | $97K |
| Surplus / Deficit | +$17K |
| Total Assets | $900K |
| Total Liabilities | $1 |
| Net Assets | $900K |
| Operating Margin | 14.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 111.2 months |
Financial Health Grade: A
In 2023, The Laurence And Michele Chang Foundation reported a surplus of $17K with revenue exceeding expenses, holds 111.2 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 |
|---|---|---|---|
| 2022 | -107.9% | -17.0% | -13.0% |
| 2020 | -107.2% | +54.2% | -13.8% |
| 2019 | -83.4% | +27.1% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Laurence And Michele Chang Foundation with a Mission Score of 92 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 Laurence And Michele Chang 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly favorable for a foundation of its size with assets over $1 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 Laurence And Michele Chang Foundation's IRS 990 filings:
- Significant revenue volatility, including negative revenue in some years, which could indicate reliance on asset drawdowns or specific investment performance rather than consistent donations.
Strengths
The following positive indicators were identified for The Laurence And Michele Chang Foundation:
- Consistent 0% officer compensation across all reported periods, indicating high efficiency and dedication to mission.
- Strong program spending ratio, with a high percentage of expenses directed towards charitable activities.
- Healthy asset base, consistently over $800,000 in recent years, providing financial stability.
- Minimal liabilities ($1 across all filings), indicating sound financial management and low debt.
Frequently Asked Questions about The Laurence And Michele Chang Foundation
Is The Laurence And Michele Chang Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Laurence And Michele Chang Foundation (EIN: 208383517) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does The Laurence And Michele Chang Foundation spend its money?
The Laurence And Michele Chang Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Laurence And Michele Chang Foundation tax-deductible?
The Laurence And Michele Chang Foundation is registered as a tax-exempt nonprofit (EIN: 208383517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Laurence And Michele Chang Foundation a good charity?
Based on its financial data, the foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains a strong asset base (currently $1,014,156), and dedicates a high percentage of its expenses to program services, indicating efficient use of funds for its mission.
How does the foundation manage its finances given the volatile revenue?
Despite significant fluctuations in annual revenue, including negative figures in 2022 ($-35,522) and 2020 ($-2,968), the foundation has maintained a robust asset base, consistently above $800,000 in recent years. This suggests effective asset management and potentially reliance on investment income or prior year surpluses to fund operations.
What is the foundation's approach to administrative costs?
The foundation demonstrates a very lean approach to administrative costs, particularly highlighted by the consistent reporting of 0% officer compensation across all ten filings. This indicates that a minimal portion of its budget is diverted to executive salaries, allowing more funds for its programs.
Filing History
IRS 990 filing history for The Laurence And Michele Chang Foundation showing financial trends over 10 years of public records:
Total assets increased by 185.8% over the same period, from $315K to $900K. Total functional expenses rose by 128.5%, from $43K to $97K. In its most recent filing year (2023), The Laurence And Michele Chang Foundation reported a surplus of $17K, with revenue exceeding expenses. The organization holds $1 in liabilities against $900K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $900K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $114K | $97K | $900K | $1 | — | View 990 |
| 2022 | $-35,522 | $97K | $883K | $1 | — | View 990 |
| 2021 | $448K | $116K | $1.0M | $1 | — | View 990 |
| 2020 | $-2,968 | $106K | $683K | $1 | — | View 990 |
| 2019 | $41K | $69K | $792K | $1 | — | View 990 |
| 2015 | $248K | $54K | $867K | $1 | — | View 990 |
| 2014 | $252K | $43K | $673K | $1 | — | View 990 |
| 2013 | $201K | $40K | $465K | $1 | — | View 990 |
| 2012 | $20K | $32K | $303K | $1 | — | View 990 |
| 2011 | $-584 | $43K | $315K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $114K, expenses of $97K, and assets of $900K.
- 2022: Revenue of $-35,522, expenses of $97K, and assets of $883K (revenue -107.9% year-over-year).
- 2021: Revenue of $448K, expenses of $116K, and assets of $1.0M.
- 2020: Revenue of $-2,968, expenses of $106K, and assets of $683K (revenue -107.2% year-over-year).
- 2019: Revenue of $41K, expenses of $69K, and assets of $792K (revenue -83.4% year-over-year).
- 2015: Revenue of $248K, expenses of $54K, and assets of $867K (revenue -1.7% year-over-year).
- 2014: Revenue of $252K, expenses of $43K, and assets of $673K (revenue +25.4% year-over-year).
- 2013: Revenue of $201K, expenses of $40K, and assets of $465K (revenue +887.8% year-over-year).
- 2012: Revenue of $20K, expenses of $32K, and assets of $303K.
- 2011: Revenue of $-584, expenses of $43K, and assets of $315K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Laurence And Michele Chang Foundation:
Data Sources and Methodology
This transparency report for The Laurence And Michele Chang 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.