The Loretta Lynn Foundation Inc
Loretta Lynn Foundation shows consistent asset growth and zero executive compensation over a decade.
EIN: 202029176 · Nashville, TN · NTEE: A54 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $315K |
| Total Expenses | $211K |
| Program Spending | 85% |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is The Loretta Lynn Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Loretta Lynn Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Loretta Lynn Foundation Inc
The Loretta Lynn Foundation Inc (EIN: 202029176) is a nonprofit organization based in Nashville, TN, classified under NTEE code A54. The organization reported total revenue of $315K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Loretta Lynn Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Loretta Lynn Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $211K |
| Surplus / Deficit | +$65K |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 87.3 months |
Financial Health Grade: A
In 2023, The Loretta Lynn Foundation Inc reported a surplus of $65K with revenue exceeding expenses, holds 87.3 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 Loretta Lynn Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | +31.3% | +4.4% |
| 2022 | +107.4% | +7.1% | +9.9% |
| 2021 | +54.1% | +3.4% | -0.7% |
| 2020 | -43.6% | -4.3% | -3.8% |
| 2019 | +2.9% | -16.0% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Loretta Lynn Foundation Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, The Loretta Lynn Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Loretta Lynn Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for The Loretta Lynn Foundation Inc:
- Consistent asset growth, increasing from $1.25M in 2011 to over $1.5M in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Very low liabilities consistently reported (often just $1), demonstrating strong financial stability.
- Consistent operational surpluses in recent years (e.g., $64,752 in 2023, $132,098 in 2022).
- Regular and transparent IRS 990 filing history over a decade.
Frequently Asked Questions about The Loretta Lynn Foundation Inc
Is The Loretta Lynn Foundation Inc a legitimate charity?
The Loretta Lynn Foundation Inc (EIN: 202029176) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $315K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does The Loretta Lynn Foundation Inc spend its money?
The Loretta Lynn Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Loretta Lynn Foundation Inc tax-deductible?
The Loretta Lynn Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202029176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Loretta Lynn Foundation Inc's spending goes to programs?
The Loretta Lynn Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Loretta Lynn Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Loretta Lynn Foundation Inc is above average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Loretta Lynn Foundation Inc located?
The Loretta Lynn Foundation Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 202029176. It is classified under NTEE code A54.
How many years of IRS 990 filings does The Loretta Lynn Foundation Inc have?
The Loretta Lynn 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 $315K in total revenue.
Is The Loretta Lynn Foundation Inc a good charity?
Based on the provided financial data, The Loretta Lynn Foundation Inc appears to be a very good charity. It demonstrates strong financial health with growing assets, consistent operational surpluses, and remarkably, zero officer compensation reported over a decade. This suggests a high dedication to its mission and efficient use of funds.
How has the foundation's financial health changed over time?
The foundation's financial health has consistently improved over time. Assets have grown from $1,259,771 in 2011 to $1,532,276 in 2023. Revenue has fluctuated but generally trended upwards, and the organization has maintained very low liabilities, indicating strong fiscal management and stability.
What is the trend in the foundation's revenue and expenses?
Revenue has shown variability, with a low of $91,506 in 2020 and a high of $292,494 in 2022. Expenses have remained relatively stable, generally ranging between $140,000 and $210,000 annually. In recent years (2022 and 2023), revenue has significantly outpaced expenses, leading to substantial surpluses.
Filing History
IRS 990 filing history for The Loretta Lynn Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Loretta Lynn Foundation Inc's revenue has grown by 26.9%, moving from $217K to $275K. Total assets increased by 21.6% over the same period, from $1.3M to $1.5M. Total functional expenses rose by 11.3%, from $189K to $211K. In its most recent filing year (2023), The Loretta Lynn Foundation Inc reported a surplus of $65K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $211K | $1.5M | $1 | — | View 990 |
| 2022 | $292K | $160K | $1.5M | $1 | — | View 990 |
| 2021 | $141K | $150K | $1.3M | $1 | — | — |
| 2020 | $92K | $145K | $1.3M | $188 | — | — |
| 2019 | $162K | $151K | $1.4M | $195 | — | View 990 |
| 2015 | $158K | $180K | $1.2M | $1 | — | View 990 |
| 2014 | $202K | $200K | $1.3M | $1K | — | View 990 |
| 2013 | $241K | $213K | $1.3M | $1K | — | View 990 |
| 2012 | $168K | $185K | $1.2M | $1K | — | View 990 |
| 2011 | $217K | $189K | $1.3M | $741 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $211K, and assets of $1.5M (revenue -5.9% year-over-year).
- 2022: Revenue of $292K, expenses of $160K, and assets of $1.5M (revenue +107.4% year-over-year).
- 2021: Revenue of $141K, expenses of $150K, and assets of $1.3M (revenue +54.1% year-over-year).
- 2020: Revenue of $92K, expenses of $145K, and assets of $1.3M (revenue -43.6% year-over-year).
- 2019: Revenue of $162K, expenses of $151K, and assets of $1.4M (revenue +2.9% year-over-year).
- 2015: Revenue of $158K, expenses of $180K, and assets of $1.2M (revenue -22.0% year-over-year).
- 2014: Revenue of $202K, expenses of $200K, and assets of $1.3M (revenue -16.0% year-over-year).
- 2013: Revenue of $241K, expenses of $213K, and assets of $1.3M (revenue +43.4% year-over-year).
- 2012: Revenue of $168K, expenses of $185K, and assets of $1.2M (revenue -22.7% year-over-year).
- 2011: Revenue of $217K, expenses of $189K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Loretta Lynn Foundation Inc:
Data Sources and Methodology
This transparency report for The Loretta Lynn 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.