The Loftus Family Foundation
Loftus Family Foundation consistently spends more than it earns, drawing down on its multi-million dollar asset base.
EIN: 208067422 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $425K |
| Program Spending | 85% |
| Net Assets | $5.1M |
| Transparency Score | 75/100 |
Is The Loftus Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Loftus Family Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Loftus Family Foundation
The Loftus Family Foundation (EIN: 208067422) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $5.1M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Loftus Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Loftus Family Foundation is a mid-size nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $425K |
| Surplus / Deficit | $-110,475 |
| Total Assets | $5.1M |
| Total Liabilities | $1 |
| Net Assets | $5.1M |
| Operating Margin | -35.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 145.0 months |
Financial Health Grade: B
In 2023, The Loftus Family Foundation reported a deficit of $110K with expenses exceeding revenue, holds 145.0 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), The Loftus Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.7% | +30.1% | -2.1% |
| 2022 | -67.7% | +11.9% | -1.3% |
| 2021 | +392.6% | +1.3% | +10.6% |
| 2020 | +30.6% | +9.0% | -2.6% |
| 2019 | +42.3% | -13.7% | -11.1% |
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 Loftus Family Foundation with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 0%
According to IRS 990 filings, The Loftus Family Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $110K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees receive compensation directly from the foundation, which is highly favorable for resource allocation.
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 Loftus Family Foundation's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., 2023 expenses $424,945 vs. revenue $314,470).
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for The Loftus Family Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds at the executive level.
- Minimal liabilities ($1 across all filings) demonstrating strong financial stability and low debt.
- Consistent filing of IRS Form 990s over a decade, indicating good regulatory compliance and transparency.
- Substantial asset base ($5,133,751 in 2023) provides a strong financial cushion for future grantmaking.
Frequently Asked Questions about The Loftus Family Foundation
Is The Loftus Family Foundation a legitimate charity?
The Loftus Family Foundation (EIN: 208067422) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $5.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Loftus Family Foundation spend its money?
The Loftus Family Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Loftus Family Foundation tax-deductible?
The Loftus Family Foundation is registered as a tax-exempt nonprofit (EIN: 208067422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Loftus Family Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Loftus Family Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Loftus Family Foundation located?
The Loftus Family Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208067422. It is classified under NTEE code T22.
How many years of IRS 990 filings does The Loftus Family Foundation have?
The Loftus Family Foundation 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 $5.1M in total revenue.
Is The Loftus Family Foundation a good charity?
As a private foundation, its 'goodness' is measured by its grant-making impact. Financially, it demonstrates strong asset management with minimal liabilities and no officer compensation, suggesting resources are directed towards its mission rather than administrative overhead. However, it consistently spends more than its annual revenue, drawing down its assets.
What is the primary purpose of The Loftus Family Foundation?
Based on the NTEE code T22 (Private Grantmaking Foundations), its primary purpose is to provide grants to other organizations or individuals, rather than directly operating programs.
How has the foundation's asset base changed over time?
The foundation's assets have decreased from $6,413,133 in 2011 to $5,133,751 in 2023, indicating a consistent draw-down on its principal over the past decade.
Filing History
IRS 990 filing history for The Loftus Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Loftus Family Foundation's revenue has grown by 122%, moving from $142K to $314K. Total assets decreased by 19.9% over the same period, from $6.4M to $5.1M. Total functional expenses rose by 24.2%, from $342K to $425K. In its most recent filing year (2023), The Loftus Family Foundation reported a deficit of $110K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $425K | $5.1M | $1 | — | View 990 |
| 2022 | $258K | $327K | $5.2M | $1 | — | View 990 |
| 2021 | $800K | $292K | $5.3M | $1 | — | View 990 |
| 2020 | $162K | $288K | $4.8M | $1 | — | View 990 |
| 2019 | $124K | $264K | $4.9M | $1 | — | — |
| 2015 | $87K | $306K | $5.5M | $1 | — | View 990 |
| 2014 | $107K | $325K | $5.8M | $1 | — | View 990 |
| 2013 | $137K | $327K | $6.0M | $1 | — | View 990 |
| 2012 | $94K | $338K | $6.2M | $1 | — | View 990 |
| 2011 | $142K | $342K | $6.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $425K, and assets of $5.1M (revenue +21.7% year-over-year).
- 2022: Revenue of $258K, expenses of $327K, and assets of $5.2M (revenue -67.7% year-over-year).
- 2021: Revenue of $800K, expenses of $292K, and assets of $5.3M (revenue +392.6% year-over-year).
- 2020: Revenue of $162K, expenses of $288K, and assets of $4.8M (revenue +30.6% year-over-year).
- 2019: Revenue of $124K, expenses of $264K, and assets of $4.9M (revenue +42.3% year-over-year).
- 2015: Revenue of $87K, expenses of $306K, and assets of $5.5M (revenue -18.4% year-over-year).
- 2014: Revenue of $107K, expenses of $325K, and assets of $5.8M (revenue -21.8% year-over-year).
- 2013: Revenue of $137K, expenses of $327K, and assets of $6.0M (revenue +45.0% year-over-year).
- 2012: Revenue of $94K, expenses of $338K, and assets of $6.2M (revenue -33.3% year-over-year).
- 2011: Revenue of $142K, expenses of $342K, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Loftus Family Foundation:
Data Sources and Methodology
This transparency report for The Loftus Family 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.