Lyn & Margaret Comfort Charitable Foundation
Only null% goes to programs Strong reserves Declining revenue
Lyn & Margaret Comfort Charitable Foundation is a 501(c)(3) organization based in Newport, Rhode Island, registered in 2005, with $25,359 in FY2024 revenue. CharityIndex grades it D.
62 Washington St, Newport, RI, 02840 EIN 20-1985235 Since 2005
Revenue (FY2024)
$25K
▲ 61.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$33K
Net assets
$418K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Lyn & Margaret Comfort Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating150 mo reserves · -32% 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 Lyn & Margaret Comfort Charitable Foundation: 150 mo reserves · -32% margin earns a D 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 Lyn & Margaret Comfort Charitable 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 Lyn & Margaret Comfort Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 62 Washington St, Newport, RI, 02840
- City
- Newport
- State
- Rhode Island
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $24K (FY2013) to $25K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $418K
Operating margin
-31.5%
Spent more than it raised in the latest fiscal year.
Total assets
$418K
Total liabilities
$0
Net assets
$418K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $25,359▲61.4% | $33,358▼24.4% | $417,561▼1.8% | $417,561▼1.8% | 990PF |
| 2023 | $15,710▼13.7% | $44,097▲16.6% | $425,369▼6.7% | $425,369▼6.7% | 990PF |
| 2022 | $18,200▼64.6% | $37,814▲5.8% | $455,849▼4.1% | $455,849▼4.1% | 990PF |
| 2021 | $51,419▲46.8% | $35,745▲15.1% | $475,570▲3.4% | $475,570▲3.4% | 990PF |
| 2020 | $35,017▲18.6% | $31,058▲136% | $459,805▲0.9% | $459,805▲0.9% | 990PF |
| 2019 | $29,519▲99.7% | $13,175▼45.4% | $455,492▲3.7% | $455,492▲3.7% | 990PF |
| 2018 | $14,781▼66.7% | $24,150▼64.7% | $439,148▼2.1% | $439,148▼2.1% | 990PF |
| 2017 | $44,398▼70.8% | $68,360▲183% | $448,517▼5.1% | $448,517▼5.1% | 990PF |
| 2016 | $151,849▲712% | $24,116▼46.2% | $472,479▲37.1% | $472,479▲37.1% | 990PF |
| 2015 | $18,696▼40.7% | $44,814▲59.1% | $344,746▼7.0% | $344,746▼7.0% | 990PF |
| 2014 | $31,536▲30.7% | $28,167▼47.6% | $370,864▲0.9% | $370,864▲0.9% | 990PF |
| 2013 | $24,125 | $53,805▲44.4% | $367,495▼7.5% | $367,495▼7.5% | 990PF |
| 2012 | — | $37,249▼36.0% | $397,175▼2.0% | $397,175▼2.0% | 990PF |
| 2011 | — | $58,237▼15.8% | $405,123▼8.0% | $405,123▼8.0% | 990PF |
| 2010 | — | $69,137 | $440,196 | $440,196 | 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 Lyn & Margaret Comfort Charitable Foundation a legitimate nonprofit?
- Yes. Lyn & Margaret Comfort Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1985235, based in Newport, Rhode Island. Donations are tax-deductible.
- What is Lyn & Margaret Comfort Charitable Foundation's EIN?
- Lyn & Margaret Comfort Charitable Foundation's Employer Identification Number (EIN) is 20-1985235.
- How much revenue does Lyn & Margaret Comfort Charitable Foundation report?
- Lyn & Margaret Comfort Charitable Foundation reported $25,359 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lyn & Margaret Comfort Charitable Foundation have?
- CharityIndex grades Lyn & Margaret Comfort Charitable Foundation D, based on financial health (reserves and operating margin).
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Data for Lyn & Margaret Comfort Charitable Foundation (EIN 20-1985235) 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.