Richard J Lacks Jr Charitable Foundation
Only null% goes to programs Strong reserves Growing revenue
Richard J Lacks Jr Charitable Foundation is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 2015, with $90,916 in FY2024 revenue. CharityIndex grades it C+.
5460 Cascade Rd Se, Grand Rapids, MI, 49546 EIN 47-4091917 Since 2015
Revenue (FY2024)
$91K
▲ 80.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$74K
Net assets
$392K
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 Richard J Lacks Jr 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 →
B+Financial health25% of the rating64 mo reserves · +19% 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 Richard J Lacks Jr Charitable Foundation: 64 mo reserves · +19% 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 Richard J Lacks Jr 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 Richard J Lacks Jr Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 5460 Cascade Rd Se, Grand Rapids, MI, 49546
- City
- Grand Rapids
- State
- Michigan
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $104K (FY2016) to $91K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $392K
Operating margin
18.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$392K
Total liabilities
$0
Net assets
$392K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $90,916▲80.4% | $73,961▲128% | $391,529▲4.5% | $391,529▲4.5% | 990PF |
| 2023 | $50,386▼46.5% | $32,454▼66.5% | $374,720▲5.0% | $374,720▲5.0% | 990PF |
| 2022 | $94,121▲60.5% | $96,772▲14.5% | $356,861▼0.8% | $356,861▼0.8% | 990PF |
| 2021 | $58,655▼47.6% | $84,551▲26.3% | $359,910▼6.8% | $359,910▼6.8% | 990PF |
| 2020 | $111,840▲2.5% | $66,931▼40.9% | $385,971▲13.1% | $385,971▲13.1% | 990PF |
| 2019 | $109,146▲1.1% | $113,332▲5.1% | $341,153▼1.2% | $341,153▼1.2% | 990PF |
| 2018 | $107,956▼46.2% | $107,871▼1.2% | $345,419 | $345,419 | 990PF |
| 2017 | $200,785▲93.5% | $109,191▲446% | $345,382▲36.1% | $345,382▲36.1% | 990PF |
| 2016 | $103,774 | $20,000 | $253,826 | $253,826 | 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 Richard J Lacks Jr Charitable Foundation a legitimate nonprofit?
- Yes. Richard J Lacks Jr Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-4091917, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Richard J Lacks Jr Charitable Foundation's EIN?
- Richard J Lacks Jr Charitable Foundation's Employer Identification Number (EIN) is 47-4091917.
- How much revenue does Richard J Lacks Jr Charitable Foundation report?
- Richard J Lacks Jr Charitable Foundation reported $90,916 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Richard J Lacks Jr Charitable Foundation have?
- CharityIndex grades Richard J Lacks Jr Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for Richard J Lacks Jr Charitable Foundation (EIN 47-4091917) 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.