Looney-montgomery Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Looney-montgomery Foundation is a 501(c)(3) organization based in Edinburg, Texas, registered in 1948, with $35,469 in FY2024 revenue. CharityIndex grades it C+.
Po Box 118, Edinburg, TX, 78540 EIN 74-6050563 Since 1948
Revenue (FY2024)
$35K
▲ 190.4% vs prior year
Expenses (FY2024)
$14K
Net assets
$438K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Looney-montgomery Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating372 mo reserves · +60% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Looney-montgomery Foundation: 372 mo reserves · +60% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Looney-montgomery Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Looney-montgomery Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $16K (FY2019) to $35K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $438K
Operating margin
60.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$438K
Total liabilities
$0
Net assets
$438K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $35,469▲190% | $14,143▼15.4% | $438,092▲5.1% | $438,092▲5.1% | 990PF |
| 2023 | $12,214▲252% | $16,710▼45.0% | $416,766▼1.1% | $416,766▼1.1% | 990PF |
| 2022 | $3,474▼86.1% | $30,402▲30.2% | $421,262▼6.0% | $421,262▼6.0% | 990PF |
| 2021 | $24,990▲162% | $23,343▲73.9% | $448,190▲0.4% | $448,190▲0.4% | 990PF |
| 2020 | $9,541▼40.8% | $13,421▼88.2% | $446,543▼0.9% | $446,543▼0.9% | 990PF |
| 2019 | $16,129 | $114,032 | $450,423 | $450,423 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Looney-montgomery Foundation a legitimate nonprofit?
- Yes. Looney-montgomery Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-6050563, based in Edinburg, Texas. Donations are tax-deductible.
- What is Looney-montgomery Foundation's EIN?
- Looney-montgomery Foundation's Employer Identification Number (EIN) is 74-6050563.
- How much revenue does Looney-montgomery Foundation report?
- Looney-montgomery Foundation reported $35,469 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Looney-montgomery Foundation have?
- CharityIndex grades Looney-montgomery Foundation C+, based on financial health (reserves and operating margin).
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Data for Looney-montgomery Foundation (EIN 74-6050563) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.