Burnt Leather Foundation

Burnt Leather Foundation reports minimal revenue and consistent operating deficits, indicating potential dormancy.

EIN: 208564707 · Bozeman, MT · NTEE: T20 · Updated: 2026-03-28

$143Revenue

$52KAssets

10/100Mission Score (Very Poor)

T20

About Burnt Leather Foundation

Burnt Leather Foundation (EIN: 208564707) is a nonprofit organization based in Bozeman, MT, classified under NTEE code T20. The organization reported total revenue of $143 and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burnt Leather Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Burnt Leather Foundation exhibits highly erratic financial activity and appears to be largely inactive based on its recent IRS 990 filings. In the latest period (202312), the organization reported only $108 in revenue against $5,350 in expenses, indicating a significant operating deficit. This trend of minimal revenue and disproportionately higher expenses is consistent across most of its filing history, with the notable exception of 202212 where it reported $50,053 in revenue. The organization's assets have fluctuated, currently standing at $52,369, but have generally declined from a high of $63,788 in 202212 to $58,546 in 202312. Given the extremely low revenue figures in most years, it's difficult to assess spending efficiency in a meaningful way, as the organization seems to be operating at a minimal level, if at all.

Transparency is generally met through its consistent filing of IRS Form 990s, which is a positive. However, the financial data itself raises questions about the organization's operational viability and actual program delivery. With revenues often in the double or triple digits, and expenses in the thousands, it suggests either a very small, volunteer-run operation with minimal financial activity or an organization that is largely dormant. The lack of reported officer compensation across all filings indicates that leadership is likely unpaid, which can be a positive for donor confidence, but also aligns with a very low-activity profile.

Overall, the financial health of the Burnt Leather Foundation appears precarious due to consistently low revenue and ongoing deficits. While it maintains its tax-exempt status through regular filings, its financial scale is extremely small, making it challenging to evaluate its impact or efficiency using standard metrics. Donors would need to investigate further to understand the actual activities, if any, being conducted with such limited resources.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Burnt Leather Foundation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 100%
programs: 0%
fundraising: 0%

According to IRS 990 filings, Burnt Leather Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is unpaid. This is common for very small or volunteer-run entities but also aligns with the organization's minimal financial activity.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Burnt Leather Foundation's IRS 990 filings:

Consistently low revenue, often in double or triple digits (e.g., $108 in 2023).
Significant operating deficits in most years (e.g., $108 revenue vs. $5,350 expenses in 2023).
Highly erratic financial performance with no clear trend of growth or stability.
Assets declining from $63,788 in 2022 to $58,546 in 2023, despite minimal liabilities.

Strengths

The following positive indicators were identified for Burnt Leather Foundation:

Consistent filing of IRS Form 990s, demonstrating compliance and transparency.
No reported officer compensation, indicating volunteer leadership.
Very low liabilities across most filing periods.

Frequently Asked Questions about Burnt Leather Foundation

Is Burnt Leather Foundation actively operating?

Based on the latest revenue of $108 and expenses of $5,350 in 2023, the organization appears to have very minimal, if any, active operations. Most years show similarly low revenue figures.

What are the primary expenses of the organization?

With revenues often in the double or triple digits and expenses in the thousands (e.g., $5,350 in 2023), the primary expenses are likely administrative overhead or fixed costs, as there is little revenue to support significant program spending.

Why was there a significant revenue spike in 2022?

In 2022, the organization reported $50,053 in revenue, a stark contrast to other years. This anomaly warrants further investigation to understand its source and whether it was a one-time event or indicative of a brief period of increased activity.

Filing History

IRS 990 filing history for Burnt Leather Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Burnt Leather Foundation's revenue has declined by 28%, moving from $150 to $108. Total assets increased by 34.7% over the same period, from $43K to $59K. Total functional expenses rose by 73.5%, from $3K to $5K. In its most recent filing year (2023), Burnt Leather Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $59K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $59K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$108	$5K	$59K	$1	—	—
2022	$50K	$5K	$64K	$1	—	—
2021	$9	$4K	$20K	$1K	—	View 990
2020	$13	$35	$23K	$1	—	—
2019	$24	$1K	$23K	$1	—	View 990
2015	$23	$834	$38K	$3K	—	View 990
2014	$37	$4K	$39K	$3K	—	View 990
2013	$43	$765	$42K	$2K	—	View 990
2012	$66	$2K	$42K	$2K	—	View 990
2011	$150	$3K	$43K	$2K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $108, expenses of $5K, and assets of $59K (revenue -99.8% year-over-year).
2022: Revenue of $50K, expenses of $5K, and assets of $64K (revenue +556044.4% year-over-year).
2021: Revenue of $9, expenses of $4K, and assets of $20K (revenue -30.8% year-over-year).
2020: Revenue of $13, expenses of $35, and assets of $23K (revenue -45.8% year-over-year).
2019: Revenue of $24, expenses of $1K, and assets of $23K (revenue +4.3% year-over-year).
2015: Revenue of $23, expenses of $834, and assets of $38K (revenue -37.8% year-over-year).
2014: Revenue of $37, expenses of $4K, and assets of $39K (revenue -14.0% year-over-year).
2013: Revenue of $43, expenses of $765, and assets of $42K (revenue -34.8% year-over-year).
2012: Revenue of $66, expenses of $2K, and assets of $42K (revenue -56.0% year-over-year).
2011: Revenue of $150, expenses of $3K, and assets of $43K.

Data Sources and Methodology

This transparency report for Burnt Leather Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.