Louis M Groen Foundation
Only null% goes to programs Strong reserves Growing revenue
Louis M Groen Foundation is a 501(c)(3) organization based in Cincinnati, Ohio, registered in 2002, with $2,231,387 in FY2024 revenue. CharityIndex grades it C+.
2601 Roosevelt Ave, Cincinnati, OH, 45231 EIN 31-1802325 Since 2002
Revenue (FY2024)
$2.2M
▲ 227.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.6M
Net assets
$17.9M
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 Louis M Groen 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 rating132 mo reserves · +27% 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 Louis M Groen Foundation: 132 mo reserves · +27% 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 Louis M Groen 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 Louis M Groen Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2601 Roosevelt Ave, Cincinnati, OH, 45231
- City
- Cincinnati
- State
- Ohio
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $36K (FY2014) to $2.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $17.9M
Operating margin
27.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$17.9M
Total liabilities
$0
Net assets
$17.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,231,387▲227% | $1,625,344▲1.7% | $17,938,915▲3.5% | $17,938,915▲3.5% | 990PF |
| 2023 | $681,513▼0.5% | $1,598,874▼9.1% | $17,332,872▼5.0% | $17,332,872▼5.0% | 990PF |
| 2022 | $684,874▼40.6% | $1,759,595▲14.8% | $18,250,234▼5.6% | $18,250,234▼5.6% | 990PF |
| 2021 | $1,152,494▲44.1% | $1,532,935▲10.8% | $19,324,955▼1.9% | $19,324,955▼1.9% | 990PF |
| 2020 | $800,018▼16.3% | $1,383,441▲6.8% | $19,705,396▼1.6% | $19,705,396▼1.6% | 990PF |
| 2019 | $955,587▼79.8% | $1,295,160▲100% | $20,015,898▼1.7% | $20,015,898▼1.7% | 990PF |
| 2018 | $4,740,818▼56.3% | $646,639▼37.3% | $20,355,471▲30.5% | $20,355,471▲30.5% | 990PF |
| 2017 | $10,849,632▲1467% | $1,032,121▲498% | $15,595,575▲165% | $15,595,575▲165% | 990PF |
| 2016 | $692,312▼85.9% | $172,594▲66.1% | $5,885,025▲9.2% | $5,885,025▲9.2% | 990PF |
| 2015 | $4,925,411▲13473% | $103,906▲10.2% | $5,386,780▲853% | $5,386,780▲853% | 990PF |
| 2014 | $36,287 | $94,312 | $565,276 | $565,276 | 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.
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Frequently asked questions
- Is Louis M Groen Foundation a legitimate nonprofit?
- Yes. Louis M Groen Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1802325, based in Cincinnati, Ohio. Donations are tax-deductible.
- What is Louis M Groen Foundation's EIN?
- Louis M Groen Foundation's Employer Identification Number (EIN) is 31-1802325.
- How much revenue does Louis M Groen Foundation report?
- Louis M Groen Foundation reported $2,231,387 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Louis M Groen Foundation have?
- CharityIndex grades Louis M Groen Foundation C+, based on financial health (reserves and operating margin).
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Data for Louis M Groen Foundation (EIN 31-1802325) 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.