Henderson Leadership Initiative Inc
Henderson Leadership Initiative Inc consistently grows assets with zero officer compensation.
EIN: 205075422 · Henderson, KY · NTEE: O53 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $44K |
| Program Spending | 90% |
| Net Assets | $46K |
| Transparency Score | 92/100 |
Is Henderson Leadership Initiative Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henderson Leadership Initiative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henderson Leadership Initiative Inc
Henderson Leadership Initiative Inc (EIN: 205075422) is a nonprofit organization based in Henderson, KY, classified under NTEE code O53. The organization reported total revenue of $52K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henderson Leadership Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henderson Leadership Initiative Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $44K |
| Surplus / Deficit | +$7K |
| Total Assets | $46K |
| Net Assets | $46K |
| Operating Margin | 14.4% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Henderson Leadership Initiative Inc reported a surplus of $7K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Henderson Leadership Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.2% | +7.0% | +19.0% |
| 2022 | +865.8% | +269.5% | +61.8% |
| 2021 | -85.6% | -66.4% | -18.1% |
| 2020 | +11.4% | -3.7% | +33.1% |
| 2019 | -12.5% | +53.8% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Henderson Leadership Initiative Inc with a Mission Score of 92 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Henderson Leadership Initiative Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $7K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers. This suggests a volunteer-led leadership structure, which allows a greater proportion of funds to be directed towards the organization's mission.
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.
Strengths
The following positive indicators were identified for Henderson Leadership Initiative Inc:
- Consistent asset growth, from $1,078 in 2017 to $46,025 in 2023.
- Zero reported liabilities across all 13 filings.
- 0% officer compensation, indicating high efficiency in resource allocation.
- Revenues consistently exceeding expenses in recent periods (e.g., $50,975 revenue vs. $43,633 expenses in 2023).
- Strong financial stability and responsible management.
Frequently Asked Questions about Henderson Leadership Initiative Inc
Is Henderson Leadership Initiative Inc a legitimate charity?
Henderson Leadership Initiative Inc (EIN: 205075422) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $52K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Henderson Leadership Initiative Inc spend its money?
Henderson Leadership Initiative Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Henderson Leadership Initiative Inc tax-deductible?
Henderson Leadership Initiative Inc is registered as a tax-exempt nonprofit (EIN: 205075422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Henderson Leadership Initiative Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Henderson Leadership Initiative Inc is above average for NTEE category O53 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Henderson Leadership Initiative Inc located?
Henderson Leadership Initiative Inc is headquartered in Henderson, Kentucky and files with the IRS under EIN 205075422. It is classified under NTEE code O53.
How many years of IRS 990 filings does Henderson Leadership Initiative Inc have?
Henderson Leadership Initiative Inc has 13 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 $52K in total revenue.
Is Henderson Leadership Initiative Inc a good charity?
Based on the provided financial data, Henderson Leadership Initiative Inc appears to be a very good charity. It consistently operates with revenues exceeding expenses, has zero liabilities, and reports 0% officer compensation, indicating efficient use of funds and strong financial health.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $1,078 in 2017 to $46,025 in 2023, and revenues have generally outpaced expenses in recent years, such as $50,975 revenue vs. $43,633 expenses in 2023.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay 0% to officers, as consistently reported in all 13 IRS 990 filings. This suggests a volunteer-driven leadership model.
Filing History
IRS 990 filing history for Henderson Leadership Initiative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Henderson Leadership Initiative Inc's revenue has grown by 4.4%, moving from $49K to $51K. Total assets increased by 23.3% over the same period, from $37K to $46K. Total functional expenses rose by 24.6%, from $35K to $44K. In its most recent filing year (2023), Henderson Leadership Initiative Inc reported a surplus of $7K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $44K | $46K | $0 | — | — |
| 2022 | $56K | $41K | $39K | $0 | — | View 990 |
| 2021 | $6K | $11K | $24K | $0 | — | — |
| 2020 | $40K | $33K | $29K | $0 | — | — |
| 2019 | $36K | $34K | $22K | $0 | — | View 990 |
| 2018 | $41K | $22K | $20K | $0 | — | View 990 |
| 2017 | $36K | $39K | $1K | $0 | — | View 990 |
| 2016 | $42K | $42K | $4K | $0 | — | View 990 |
| 2015 | $48K | $51K | $5K | $0 | — | View 990 |
| 2014 | $62K | $99K | $8K | $385 | — | View 990 |
| 2013 | $68K | $73K | $45K | $0 | — | View 990 |
| 2012 | $72K | $60K | $50K | $0 | — | View 990 |
| 2011 | $49K | $35K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $44K, and assets of $46K (revenue -8.2% year-over-year).
- 2022: Revenue of $56K, expenses of $41K, and assets of $39K (revenue +865.8% year-over-year).
- 2021: Revenue of $6K, expenses of $11K, and assets of $24K (revenue -85.6% year-over-year).
- 2020: Revenue of $40K, expenses of $33K, and assets of $29K (revenue +11.4% year-over-year).
- 2019: Revenue of $36K, expenses of $34K, and assets of $22K (revenue -12.5% year-over-year).
- 2018: Revenue of $41K, expenses of $22K, and assets of $20K (revenue +13.9% year-over-year).
- 2017: Revenue of $36K, expenses of $39K, and assets of $1K (revenue -13.2% year-over-year).
- 2016: Revenue of $42K, expenses of $42K, and assets of $4K (revenue -13.9% year-over-year).
- 2015: Revenue of $48K, expenses of $51K, and assets of $5K (revenue -21.6% year-over-year).
- 2014: Revenue of $62K, expenses of $99K, and assets of $8K (revenue -9.6% year-over-year).
- 2013: Revenue of $68K, expenses of $73K, and assets of $45K (revenue -6.0% year-over-year).
- 2012: Revenue of $72K, expenses of $60K, and assets of $50K (revenue +48.5% year-over-year).
- 2011: Revenue of $49K, expenses of $35K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henderson Leadership Initiative Inc:
Data Sources and Methodology
This transparency report for Henderson Leadership Initiative Inc 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.