Edward And Jami Levy Foundation
Edward And Jami Levy Foundation maintains stable assets with fluctuating revenue and no reported officer compensation.
EIN: 203975643 · Scottsdale, AZ · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $41K |
| Program Spending | 85% |
| Net Assets | $457K |
| Transparency Score | 80/100 |
Is Edward And Jami Levy Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edward And Jami Levy Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edward And Jami Levy Foundation
Edward And Jami Levy Foundation (EIN: 203975643) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code T22. The organization reported total revenue of $106K and total assets of $483K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edward And Jami Levy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edward And Jami Levy Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $41K |
| Surplus / Deficit | $-13,276 |
| Total Assets | $457K |
| Total Liabilities | $1 |
| Net Assets | $457K |
| Operating Margin | -48.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 134.6 months |
Financial Health Grade: B
In 2023, Edward And Jami Levy Foundation reported a deficit of $13K with expenses exceeding revenue, holds 134.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Edward And Jami Levy Foundation's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.3% | +63.4% | -2.8% |
| 2022 | -58.4% | +18.1% | -3.4% |
| 2020 | -127.7% | +10.9% | -4.6% |
| 2019 | -61.5% | -75.2% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Edward And Jami Levy Foundation with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Edward And Jami Levy Foundation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation operates without paid officers or that any compensation is below reporting thresholds, which is highly efficient for a small foundation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Edward And Jami Levy Foundation's IRS 990 filings:
- Inconsistent revenue generation, including a negative revenue period in 202011 ($-8,378).
- Expenses frequently exceed revenue, requiring reliance on asset drawdowns (e.g., 202311, 202211, 201511, 201411, 201211).
Strengths
The following positive indicators were identified for Edward And Jami Levy Foundation:
- Zero reported officer compensation across all filings, indicating highly efficient administrative spending.
- Consistent and timely IRS 990 filings (10 filings available), demonstrating strong transparency.
- Stable asset base over time, providing a financial cushion despite revenue fluctuations (e.g., $482,653 latest assets).
- Minimal liabilities reported across all periods, indicating sound financial management and low debt.
Frequently Asked Questions about Edward And Jami Levy Foundation
Is Edward And Jami Levy Foundation a legitimate charity?
Edward And Jami Levy Foundation (EIN: 203975643) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 80/100. It has 10 years of IRS 990 filings on record. Total revenue: $106K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Edward And Jami Levy Foundation spend its money?
Edward And Jami Levy Foundation directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Edward And Jami Levy Foundation tax-deductible?
Edward And Jami Levy Foundation is registered as a tax-exempt nonprofit (EIN: 203975643). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Edward And Jami Levy Foundation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Edward And Jami Levy Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edward And Jami Levy Foundation located?
Edward And Jami Levy Foundation is headquartered in Scottsdale, Arizona and files with the IRS under EIN 203975643. It is classified under NTEE code T22.
How many years of IRS 990 filings does Edward And Jami Levy Foundation have?
Edward And Jami Levy Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $106K in total revenue.
What are the specific programs or grants funded by the Edward And Jami Levy Foundation?
The provided IRS 990 data does not detail specific programs or grant recipients, only financial aggregates. Further investigation into the foundation's public records or website would be needed to understand its programmatic impact.
How does the foundation cover periods where expenses exceed revenue, such as in 202311?
When expenses exceed revenue, as seen in 202311 (Expenses=$40,761 vs. Revenue=$27,485), the foundation likely draws from its accumulated assets to cover the deficit, maintaining its operations and grantmaking activities.
What is the long-term strategy for revenue generation given the fluctuations?
The filing history shows significant revenue fluctuations, including a negative revenue period. Understanding the foundation's strategy for consistent and sustainable revenue generation would be crucial for long-term financial stability.
Filing History
IRS 990 filing history for Edward And Jami Levy Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Edward And Jami Levy Foundation's revenue has declined by 41.6%, moving from $47K to $27K. Total assets increased by 4.3% over the same period, from $438K to $457K. Total functional expenses fell by 1.1%, from $41K to $41K. In its most recent filing year (2023), Edward And Jami Levy Foundation reported a deficit of $13K, with expenses exceeding revenue. The organization holds $1 in liabilities against $457K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $457K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $41K | $457K | $1 | — | — |
| 2022 | $23K | $25K | $471K | $1 | — | View 990 |
| 2021 | $55K | $21K | $487K | $1 | — | — |
| 2020 | $-8,378 | $22K | $494K | $1 | — | View 990 |
| 2019 | $30K | $20K | $518K | $1 | — | View 990 |
| 2015 | $79K | $80K | $462K | $0 | — | View 990 |
| 2014 | $74K | $89K | $478K | $0 | — | View 990 |
| 2013 | $154K | $85K | $508K | $1 | — | View 990 |
| 2012 | $27K | $27K | $438K | $1 | — | View 990 |
| 2011 | $47K | $41K | $438K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $41K, and assets of $457K (revenue +20.3% year-over-year).
- 2022: Revenue of $23K, expenses of $25K, and assets of $471K (revenue -58.4% year-over-year).
- 2021: Revenue of $55K, expenses of $21K, and assets of $487K.
- 2020: Revenue of $-8,378, expenses of $22K, and assets of $494K (revenue -127.7% year-over-year).
- 2019: Revenue of $30K, expenses of $20K, and assets of $518K (revenue -61.5% year-over-year).
- 2015: Revenue of $79K, expenses of $80K, and assets of $462K (revenue +6.7% year-over-year).
- 2014: Revenue of $74K, expenses of $89K, and assets of $478K (revenue -52.2% year-over-year).
- 2013: Revenue of $154K, expenses of $85K, and assets of $508K (revenue +480.5% year-over-year).
- 2012: Revenue of $27K, expenses of $27K, and assets of $438K (revenue -43.6% year-over-year).
- 2011: Revenue of $47K, expenses of $41K, and assets of $438K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edward And Jami Levy Foundation:
Data Sources and Methodology
This transparency report for Edward And Jami Levy 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.