Frederick H Leonhardt Foundation
Frederick H Leonhardt Foundation consistently spends more than its annual revenue, drawing down assets.
EIN: 136123271 · Albuquerque, NM · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $909K |
| Total Expenses | $595K |
| Program Spending | 85% |
| Net Assets | $7.7M |
| Transparency Score | 75/100 |
Is Frederick H Leonhardt Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frederick H Leonhardt Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frederick H Leonhardt Foundation
Frederick H Leonhardt Foundation (EIN: 136123271) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T22. The organization reported total revenue of $909K and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frederick H Leonhardt Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frederick H Leonhardt Foundation is a small nonprofit that has been operating for 71 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $464K |
| Total Expenses | $595K |
| Surplus / Deficit | $-131,004 |
| Total Assets | $7.7M |
| Total Liabilities | $5K |
| Net Assets | $7.7M |
| Operating Margin | -28.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 155.3 months |
Financial Health Grade: B
In 2024, Frederick H Leonhardt Foundation reported a deficit of $131K with expenses exceeding revenue, holds 155.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Frederick H Leonhardt Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +42.1% | +15.1% | -1.7% |
| 2023 | +5.7% | -7.9% | -2.4% |
| 2022 | +121.0% | -17.7% | -3.0% |
| 2021 | -95.3% | +29.7% | -6.1% |
| 2020 | +541.4% | -11.3% | +38.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
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 Frederick H Leonhardt Foundation with a Mission Score of 75 out of 100 (Good). 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, Frederick H Leonhardt 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $131K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are likely unpaid or that compensation is not reported in this section, which is a positive sign for resource allocation relative to the foundation's size.
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 Frederick H Leonhardt Foundation's IRS 990 filings:
- Consistent annual expenses exceeding revenue, leading to asset depletion (e.g., $594,603 expenses vs. $463,599 revenue in 2024).
Strengths
The following positive indicators were identified for Frederick H Leonhardt Foundation:
- Zero reported officer compensation, indicating efficient use of funds for leadership.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Relatively low liabilities across all reported periods, indicating good financial management of debt.
Frequently Asked Questions about Frederick H Leonhardt Foundation
Is Frederick H Leonhardt Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Frederick H Leonhardt Foundation (EIN: 136123271) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Frederick H Leonhardt Foundation spend its money?
Frederick H Leonhardt Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Frederick H Leonhardt Foundation tax-deductible?
Frederick H Leonhardt Foundation is registered as a tax-exempt nonprofit (EIN: 136123271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Frederick H Leonhardt Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Frederick H Leonhardt 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 Frederick H Leonhardt Foundation located?
Frederick H Leonhardt Foundation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 136123271. It is classified under NTEE code T22.
How many years of IRS 990 filings does Frederick H Leonhardt Foundation have?
Frederick H Leonhardt Foundation has 11 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 $909K in total revenue.
Why does the foundation consistently spend more than its revenue?
The foundation's financial history shows a pattern where expenses frequently exceed revenue (e.g., $594,603 expenses vs. $463,599 revenue in 2024). This suggests a strategy of distributing funds from its endowment rather than solely relying on annual income, which is common for private foundations aiming to disburse assets over time.
What is the foundation's primary focus for its grants?
As a private foundation with NTEE code T22, it is primarily a grant-making organization. Without specific program expense details, the exact focus of its grants cannot be determined from the provided data, but its purpose is to distribute funds to other charitable organizations or for charitable purposes.
Is the foundation's asset decline a concern?
The foundation's assets have declined from a peak of $8,806,807 in 2020 to $7,692,733 in 2024. While a decline, it's not necessarily a 'red flag' for a private foundation if it aligns with a deliberate strategy to spend down its endowment for charitable purposes. However, if the intent is perpetual existence, this trend would be unsustainable.
Filing History
IRS 990 filing history for Frederick H Leonhardt Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Frederick H Leonhardt Foundation's revenue has declined by 1.1%, moving from $469K to $464K. Total assets increased by 14.1% over the same period, from $6.7M to $7.7M. Total functional expenses rose by 23.4%, from $482K to $595K. In its most recent filing year (2024), Frederick H Leonhardt Foundation reported a deficit of $131K, with expenses exceeding revenue. The organization holds $5K in liabilities against $7.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $464K | $595K | $7.7M | $5K | — | — |
| 2023 | $326K | $517K | $7.8M | $8K | — | View 990 |
| 2022 | $309K | $561K | $8.0M | $8K | — | View 990 |
| 2021 | $140K | $682K | $8.3M | $6K | — | — |
| 2020 | $3.0M | $526K | $8.8M | $627 | — | — |
| 2016 | $460K | $592K | $6.4M | $4K | — | View 990 |
| 2015 | $532K | $566K | $6.5M | $4K | — | View 990 |
| 2014 | $516K | $544K | $6.5M | $4K | — | View 990 |
| 2013 | $383K | $324K | $6.6M | $4K | — | View 990 |
| 2012 | $315K | $550K | $6.5M | $4K | — | View 990 |
| 2011 | $469K | $482K | $6.7M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $464K, expenses of $595K, and assets of $7.7M (revenue +42.1% year-over-year).
- 2023: Revenue of $326K, expenses of $517K, and assets of $7.8M (revenue +5.7% year-over-year).
- 2022: Revenue of $309K, expenses of $561K, and assets of $8.0M (revenue +121.0% year-over-year).
- 2021: Revenue of $140K, expenses of $682K, and assets of $8.3M (revenue -95.3% year-over-year).
- 2020: Revenue of $3.0M, expenses of $526K, and assets of $8.8M (revenue +541.4% year-over-year).
- 2016: Revenue of $460K, expenses of $592K, and assets of $6.4M (revenue -13.4% year-over-year).
- 2015: Revenue of $532K, expenses of $566K, and assets of $6.5M (revenue +3.1% year-over-year).
- 2014: Revenue of $516K, expenses of $544K, and assets of $6.5M (revenue +34.8% year-over-year).
- 2013: Revenue of $383K, expenses of $324K, and assets of $6.6M (revenue +21.3% year-over-year).
- 2012: Revenue of $315K, expenses of $550K, and assets of $6.5M (revenue -32.7% year-over-year).
- 2011: Revenue of $469K, expenses of $482K, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frederick H Leonhardt Foundation:
Data Sources and Methodology
This transparency report for Frederick H Leonhardt 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.