The Lilabean Foundation Inc
EIN: 454877388 · Silver Spring, MD · NTEE: H12
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.1M |
| Net Assets | $438K |
Is The Lilabean Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Lilabean Foundation Inc
The Lilabean Foundation Inc (EIN: 454877388) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code H12. The organization reported total revenue of $1.5M and total assets of $874K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lilabean Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lilabean Foundation Inc is a mid-size nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 32.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$16K |
| Total Assets | $655K |
| Total Liabilities | $218K |
| Net Assets | $438K |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 33.2% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, The Lilabean Foundation Inc reported a surplus of $16K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 33.2% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), The Lilabean Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.2% | +24.9% | +51.3% |
| 2022 | +57.4% | +34.3% | -23.5% |
| 2021 | +117.8% | +192.4% | +80.8% |
| 2020 | -16.7% | -15.0% | +37.1% |
| 2019 | +57.5% | -5.4% | +65.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Lilabean Foundation Inc 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 The Lilabean Foundation Inc 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 surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.2%.
Frequently Asked Questions about The Lilabean Foundation Inc
Is The Lilabean Foundation Inc a legitimate charity?
The Lilabean Foundation Inc (EIN: 454877388) is a registered tax-exempt nonprofit based in Maryland. It has 10 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: A.
How does The Lilabean Foundation Inc spend its money?
The Lilabean Foundation Inc reported $1.5M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Lilabean Foundation Inc tax-deductible?
The Lilabean Foundation Inc is registered as a tax-exempt nonprofit (EIN: 454877388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Lilabean Foundation Inc located?
The Lilabean Foundation Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 454877388. It is classified under NTEE code H12.
How many years of IRS 990 filings does The Lilabean Foundation Inc have?
The Lilabean Foundation Inc 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for The Lilabean Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), The Lilabean Foundation Inc's revenue has grown by 1142.3%, moving from $91K to $1.1M. Total assets increased by 870.6% over the same period, from $68K to $655K. Total functional expenses rose by 1392.1%, from $75K to $1.1M. In its most recent filing year (2023), The Lilabean Foundation Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $218K in liabilities against $655K in assets (debt-to-asset ratio: 33.2%), resulting in net assets of $438K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $655K | $218K | — | View 990 |
| 2022 | $1.0M | $897K | $433K | $13K | — | View 990 |
| 2021 | $655K | $668K | $567K | $281K | — | View 990 |
| 2020 | $301K | $228K | $313K | $16K | — | View 990 |
| 2019 | $361K | $269K | $229K | $3K | — | View 990 |
| 2018 | $229K | $284K | $138K | $5K | — | View 990 |
| 2017 | $267K | $171K | $191K | $3K | — | View 990 |
| 2016 | $146K | $223K | $93K | $347 | — | View 990 |
| 2015 | $184K | $81K | $170K | $0 | — | View 990 |
| 2014 | $91K | $75K | $68K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $655K (revenue +10.2% year-over-year).
- 2022: Revenue of $1.0M, expenses of $897K, and assets of $433K (revenue +57.4% year-over-year).
- 2021: Revenue of $655K, expenses of $668K, and assets of $567K (revenue +117.8% year-over-year).
- 2020: Revenue of $301K, expenses of $228K, and assets of $313K (revenue -16.7% year-over-year).
- 2019: Revenue of $361K, expenses of $269K, and assets of $229K (revenue +57.5% year-over-year).
- 2018: Revenue of $229K, expenses of $284K, and assets of $138K (revenue -14.0% year-over-year).
- 2017: Revenue of $267K, expenses of $171K, and assets of $191K (revenue +82.9% year-over-year).
- 2016: Revenue of $146K, expenses of $223K, and assets of $93K (revenue -20.8% year-over-year).
- 2015: Revenue of $184K, expenses of $81K, and assets of $170K (revenue +101.2% year-over-year).
- 2014: Revenue of $91K, expenses of $75K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lilabean Foundation Inc:
Data Sources and Methodology
This transparency report for The Lilabean 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.