L & E Academy Foundation
EIN: 462410522 · Kirkland, WA · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $915K |
| Total Expenses | $1.2M |
| Net Assets | $351K |
Is L & E Academy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About L & E Academy Foundation
L & E Academy Foundation (EIN: 462410522) is a nonprofit organization based in Kirkland, WA, classified under NTEE code B25. The organization reported total revenue of $915K and total assets of $433K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of L & E Academy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
L & E Academy Foundation is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 57.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$174K |
| Total Assets | $856K |
| Total Liabilities | $505K |
| Net Assets | $351K |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 59.0% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2022, L & E Academy Foundation reported a surplus of $174K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 59.0% (high leverage).
Financial Trends
Over 10 years of filings (2013–2022), L & E Academy Foundation's revenue has grown at a compound annual growth rate (CAGR) of 57.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +10.7% | +18.1% | -10.9% |
| 2021 | +23.5% | +7.7% | +52.5% |
| 2020 | +101.3% | +85.4% | +80.5% |
| 2019 | -26.7% | -19.3% | +22.6% |
| 2018 | +53.8% | +49.2% | +59.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for L & E Academy Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates L & E Academy Foundation with a Mission Score of 0 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $174K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.0%.
Frequently Asked Questions about L & E Academy Foundation
Is L & E Academy Foundation a legitimate charity?
L & E Academy Foundation (EIN: 462410522) is a registered tax-exempt nonprofit based in Washington. It has 10 years of IRS 990 filings on record. Total revenue: $915K. No red flags identified. Financial health grade: A.
How does L & E Academy Foundation spend its money?
L & E Academy Foundation reported $915K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to L & E Academy Foundation tax-deductible?
L & E Academy Foundation is registered as a tax-exempt nonprofit (EIN: 462410522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is L & E Academy Foundation located?
L & E Academy Foundation is headquartered in Kirkland, Washington and files with the IRS under EIN 462410522. It is classified under NTEE code B25.
How many years of IRS 990 filings does L & E Academy Foundation have?
L & E Academy 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 $915K in total revenue.
Filing History
IRS 990 filing history for L & E Academy Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), L & E Academy Foundation's revenue has grown by 5954.4%, moving from $22K to $1.4M. Total assets increased by 24935.6% over the same period, from $3K to $856K. Total functional expenses rose by 3409.9%, from $34K to $1.2M. In its most recent filing year (2022), L & E Academy Foundation reported a surplus of $174K, with revenue exceeding expenses. The organization holds $505K in liabilities against $856K in assets (debt-to-asset ratio: 59.0%), resulting in net assets of $351K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.4M | $1.2M | $856K | $505K | — | View 990 |
| 2021 | $1.2M | $1.0M | $961K | $784K | — | View 990 |
| 2020 | $995K | $933K | $631K | $677K | — | View 990 |
| 2019 | $494K | $503K | $349K | $458K | — | View 990 |
| 2018 | $674K | $624K | $285K | $385K | — | View 990 |
| 2017 | $438K | $418K | $179K | $154K | — | View 990 |
| 2016 | $280K | $315K | $97K | $92K | — | View 990 |
| 2015 | $186K | $161K | $104K | $63K | — | View 990 |
| 2014 | $122K | $94K | $38K | $21K | — | View 990 |
| 2013 | $22K | $34K | $3K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $856K (revenue +10.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $961K (revenue +23.5% year-over-year).
- 2020: Revenue of $995K, expenses of $933K, and assets of $631K (revenue +101.3% year-over-year).
- 2019: Revenue of $494K, expenses of $503K, and assets of $349K (revenue -26.7% year-over-year).
- 2018: Revenue of $674K, expenses of $624K, and assets of $285K (revenue +53.8% year-over-year).
- 2017: Revenue of $438K, expenses of $418K, and assets of $179K (revenue +56.8% year-over-year).
- 2016: Revenue of $280K, expenses of $315K, and assets of $97K (revenue +50.7% year-over-year).
- 2015: Revenue of $186K, expenses of $161K, and assets of $104K (revenue +51.9% year-over-year).
- 2014: Revenue of $122K, expenses of $94K, and assets of $38K (revenue +443.0% year-over-year).
- 2013: Revenue of $22K, expenses of $34K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for L & E Academy Foundation:
Data Sources and Methodology
This transparency report for L & E Academy 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.