The Lucey Family Foundation Inc
The Lucey Family Foundation Inc shows consistent asset growth despite fluctuating annual revenues and expenses, with no reported officer compensation.
EIN: 203863497 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $161K |
| Program Spending | 85% |
| Net Assets | $809K |
| Transparency Score | 75/100 |
Is The Lucey Family 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 Lucey Family Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Lucey Family Foundation Inc
The Lucey Family Foundation Inc (EIN: 203863497) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.7M and total assets of $898K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lucey Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Lucey Family Foundation Inc is a mid-size 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 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $161K |
| Surplus / Deficit | $-60,449 |
| Total Assets | $838K |
| Total Liabilities | $29K |
| Net Assets | $809K |
| Operating Margin | -60.3% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 62.6 months |
Financial Health Grade: B
In 2023, The Lucey Family Foundation Inc reported a deficit of $60K with expenses exceeding revenue, holds 62.6 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Lucey Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.9% | +9.0% | -5.7% |
| 2022 | -54.3% | +5.4% | +0.2% |
| 2021 | +174.8% | -0.1% | +26.6% |
| 2020 | -1.8% | +8.5% | -2.8% |
| 2019 | -48.8% | -25.2% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Lucey Family Foundation Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Lucey Family 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 deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
The Lucey Family Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, 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 Lucey Family Foundation Inc's IRS 990 filings:
- Inconsistent annual revenue and expense patterns, with expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2020), which could indicate reliance on prior year surpluses or asset drawdowns.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for The Lucey Family Foundation Inc:
- Consistent asset growth from $249,587 in 2011 to $838,005 in 2023, indicating sound financial management over the long term.
- 0% officer compensation reported across all filings, demonstrating a commitment to minimizing administrative overhead at the executive level.
- Consistent IRS Form 990 filing history (10 filings), indicating good compliance and transparency.
- Low liabilities relative to assets (e.g., $29,355 liabilities vs. $838,005 assets in 2023), suggesting a healthy balance sheet.
Frequently Asked Questions about The Lucey Family Foundation Inc
Is The Lucey Family Foundation Inc a legitimate charity?
The Lucey Family Foundation Inc (EIN: 203863497) 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: $1.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Lucey Family Foundation Inc spend its money?
The Lucey Family Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Lucey Family Foundation Inc tax-deductible?
The Lucey Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203863497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Lucey Family Foundation Inc's spending goes to programs?
The Lucey Family Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Lucey Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Lucey Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Lucey Family Foundation Inc located?
The Lucey Family Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 203863497. It is classified under NTEE code T20.
How many years of IRS 990 filings does The Lucey Family Foundation Inc have?
The Lucey Family 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 $1.7M in total revenue.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown, making it difficult to precisely determine the allocation of funds to programs, administration, and fundraising. Further investigation into the full 990 forms would be required.
What are the primary grant-making activities or programs supported by The Lucey Family Foundation Inc?
The NTEE code T20 indicates it is a private foundation, typically involved in grant-making. However, the provided financial summary does not detail the specific programs or beneficiaries of its grants. This information would be found in the full IRS Form 990.
Why do expenses exceed revenue in certain years, such as 2023 and 2022?
In 2023, expenses were $160,700 against $100,251 revenue, and in 2022, expenses were $147,452 against $147,245 revenue. This could be due to strategic spending from accumulated assets, market fluctuations affecting investment income, or timing differences in revenue recognition and expense disbursement. Given the overall asset growth, these deficits do not appear to be financially destabilizing.
Filing History
IRS 990 filing history for The Lucey Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Lucey Family Foundation Inc's revenue has grown by 257.8%, moving from $28K to $100K. Total assets increased by 235.8% over the same period, from $250K to $838K. Total functional expenses rose by 858.3%, from $17K to $161K. In its most recent filing year (2023), The Lucey Family Foundation Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $29K in liabilities against $838K in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $809K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $161K | $838K | $29K | — | View 990 |
| 2022 | $147K | $147K | $888K | $19K | — | View 990 |
| 2021 | $322K | $140K | $887K | $18K | — | View 990 |
| 2020 | $117K | $140K | $701K | $14K | — | — |
| 2019 | $120K | $129K | $721K | $11K | — | View 990 |
| 2015 | $234K | $172K | $685K | $10K | — | View 990 |
| 2014 | $520K | $177K | $616K | $2K | — | View 990 |
| 2013 | $340K | $320K | $272K | $1K | — | View 990 |
| 2012 | $7K | $6K | $251K | $1 | — | View 990 |
| 2011 | $28K | $17K | $250K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $161K, and assets of $838K (revenue -31.9% year-over-year).
- 2022: Revenue of $147K, expenses of $147K, and assets of $888K (revenue -54.3% year-over-year).
- 2021: Revenue of $322K, expenses of $140K, and assets of $887K (revenue +174.8% year-over-year).
- 2020: Revenue of $117K, expenses of $140K, and assets of $701K (revenue -1.8% year-over-year).
- 2019: Revenue of $120K, expenses of $129K, and assets of $721K (revenue -48.8% year-over-year).
- 2015: Revenue of $234K, expenses of $172K, and assets of $685K (revenue -55.1% year-over-year).
- 2014: Revenue of $520K, expenses of $177K, and assets of $616K (revenue +53.1% year-over-year).
- 2013: Revenue of $340K, expenses of $320K, and assets of $272K (revenue +4486.2% year-over-year).
- 2012: Revenue of $7K, expenses of $6K, and assets of $251K (revenue -73.6% year-over-year).
- 2011: Revenue of $28K, expenses of $17K, and assets of $250K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Lucey Family Foundation Inc:
Data Sources and Methodology
This transparency report for The Lucey Family 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.