Is Leeway School Legit?

Leeway School demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenue was $3,907,732 against expenses of $3,884,964, indicating a tight operational budget. While the organization consistently reports 0% officer compensation, which is a positive indicator for resource allocation directly to mission, the NTEE code is unknown, which can hinder a full understanding of its specific programmatic focus and comparative efficiency within its sector. The organization's assets have fluctuated but remained relatively stable, with $1,163,015 in assets in 2023, while liabilities have consistently exceeded assets, reaching $1,749,356 in 2023. This consistent asset-to-liability ratio suggests a reliance on external funding or short-term liabilities to cover operational costs. The spending efficiency appears to be high, given the minimal difference between revenues and expenses in most years, suggesting that most incoming funds are directly utilized for operations. The absence of reported officer compensation further supports efficient use of funds. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to transparency regarding its financial operations, even if some details like NTEE code are not readily available in the provided data. Overall, Leeway School appears to be a financially stable organization with a lean operational model, as evidenced by its tight revenue-to-expense margins and zero reported officer compensation. The primary area for improved transparency would be a more detailed breakdown of expenses to fully understand its spending efficiency across different categories and the clarification of its NTEE code to better contextualize its mission and impact.