Michael S De Larco Foundation
Only null% goes to programs Strong reserves
Michael S De Larco Foundation is a 501(c)(3) organization based in Schaumburg, Illinois, registered in 2005, with $13,976 in FY2024 revenue. CharityIndex grades it D.
405 Langley Ct, Schaumburg, IL, 60193 EIN 26-0083479 Since 2005
Revenue (FY2024)
$14K
▼ 63.1% vs prior year
Education median: $200K
Expenses (FY2024)
$21K
Net assets
$25K
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 Michael S De Larco 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 rating15 mo reserves · -48% 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 Michael S De Larco Foundation: 15 mo reserves · -48% 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 Michael S De Larco Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Michael S De Larco Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 405 Langley Ct, Schaumburg, IL, 60193
- City
- Schaumburg
- State
- Illinois
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $6,481 (FY2010) to $14K (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Operating margin
-48.1%
Spent more than it raised in the latest fiscal year.
Total assets
$25K
Net assets
$25K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $13,976▼63.1% | $20,693▲26.7% | $25,472▼56.1% | $25,472▼56.1% | 990EZ |
| 2016 | $37,853▲110% | $16,328▲87.7% | $58,006▲59.0% | $58,006▲59.0% | 990EZ |
| 2015 | $18,065▲37.7% | $8,701▼24.9% | $36,481▲34.5% | $36,481▲34.5% | 990EZ |
| 2014 | $13,122▲2.9% | $11,579▲1.7% | $27,117▲6.0% | $27,117▲6.0% | 990EZ |
| 2013 | $12,749▲11.1% | $11,385▼23.8% | $25,574▲5.6% | $25,574▲5.6% | 990EZ |
| 2012 | $11,478▲29.9% | $14,947▼66.0% | $24,210▼12.5% | $24,210▼12.5% | 990EZ |
| 2011 | $8,836▲36.3% | $43,985▲429% | $27,679▼55.9% | $27,679▼55.9% | 990EZ |
| 2010 | $6,481 | $8,307 | $62,828 | $62,828 | 990EZ |
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 Michael S De Larco Foundation a legitimate nonprofit?
- Yes. Michael S De Larco Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0083479, based in Schaumburg, Illinois. Donations are tax-deductible.
- What is Michael S De Larco Foundation's EIN?
- Michael S De Larco Foundation's Employer Identification Number (EIN) is 26-0083479.
- How much revenue does Michael S De Larco Foundation report?
- Michael S De Larco Foundation reported $13,976 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Michael S De Larco Foundation have?
- CharityIndex grades Michael S De Larco Foundation D, based on financial health (reserves and operating margin).
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Data for Michael S De Larco Foundation (EIN 26-0083479) 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.