Leaders Of Texas Foundation Inc
Leaders Of Texas Foundation Inc maintains strong asset growth and reports zero officer compensation amidst fluctuating revenues.
EIN: 204381098 · Houston, TX · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Leaders Of Texas Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leaders Of Texas Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leaders Of Texas Foundation Inc
Leaders Of Texas Foundation Inc (EIN: 204381098) is a nonprofit organization based in Houston, TX, classified under NTEE code P73. The organization reported total revenue of $1.7M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leaders Of Texas Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leaders Of Texas Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-636,915 |
| Total Assets | $3.0M |
| Total Liabilities | $1.3M |
| Net Assets | $1.6M |
| Operating Margin | -45.3% |
| Debt-to-Asset Ratio | 45.2% |
| Months of Reserves | 17.3 months |
Financial Health Grade: B
In 2023, Leaders Of Texas Foundation Inc reported a deficit of $637K with expenses exceeding revenue, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 45.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leaders Of Texas Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.2% | -16.4% | -14.1% |
| 2022 | -26.1% | +0.8% | +9.1% |
| 2021 | +35.2% | +3.8% | +90.7% |
| 2020 | +22.8% | +11.3% | +26.6% |
| 2019 | +8.4% | +18.9% | +31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Leaders Of Texas Foundation Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Leaders Of Texas Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 $637K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.2%.
Executive Compensation Analysis
The organization consistently reports $0 in officer compensation across all available filings, indicating a highly efficient use of funds where no executive salaries are drawn from the organization's resources, which is commendable for an organization with revenues exceeding $1 million annually.
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 Leaders Of Texas Foundation Inc's IRS 990 filings:
- Significant increase in liabilities from $16,568 in 2015 to $1,336,302 in 2023, warranting closer examination.
- Revenue decreased by over $1 million from 2022 to 2023, from $2,521,288 to $1,406,897, which could indicate operational challenges or a shift in funding.
Strengths
The following positive indicators were identified for Leaders Of Texas Foundation Inc:
- Consistent reporting of $0 officer compensation, indicating high efficiency and dedication of resources to mission.
- Strong asset growth over the past decade, from $625,183 in 2015 to $2,954,773 in 2023.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and operational longevity.
- Revenues consistently above $1 million for the past decade, demonstrating a robust funding base.
Frequently Asked Questions about Leaders Of Texas Foundation Inc
Is Leaders Of Texas Foundation Inc a legitimate charity?
Leaders Of Texas Foundation Inc (EIN: 204381098) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Leaders Of Texas Foundation Inc spend its money?
Leaders Of Texas Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leaders Of Texas Foundation Inc tax-deductible?
Leaders Of Texas Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204381098). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Leaders Of Texas Foundation Inc CEO make?
Leaders Of Texas Foundation Inc's highest-compensated officer earns $0 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Leaders Of Texas Foundation Inc's spending goes to programs?
Leaders Of Texas Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leaders Of Texas Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Leaders Of Texas Foundation Inc is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leaders Of Texas Foundation Inc located?
Leaders Of Texas Foundation Inc is headquartered in Houston, Texas and files with the IRS under EIN 204381098. It is classified under NTEE code P73.
How many years of IRS 990 filings does Leaders Of Texas Foundation Inc have?
Leaders Of Texas Foundation 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 $1.7M in total revenue.
Is Leaders Of Texas Foundation Inc financially stable?
Yes, the organization appears financially stable, with assets growing from $625,183 in 2015 to $2,954,773 in 2023, despite some year-to-year fluctuations in revenue and an increase in liabilities.
How does Leaders Of Texas Foundation Inc manage executive compensation?
Leaders Of Texas Foundation Inc reports $0 in officer compensation for all available periods, suggesting a volunteer-led executive structure or that executive compensation is covered by other means not reported as officer compensation on the 990.
What is the trend in the organization's revenue?
Revenue has generally been strong, consistently over $1 million, peaking at $3,412,195 in 2021, but experienced a notable decrease from $2,521,288 in 2022 to $1,406,897 in 2023.
Are the organization's liabilities a concern?
Liabilities have increased significantly, reaching $1,336,302 in 2023. While this is a substantial amount, it is currently well-covered by the organization's total assets of $2,954,773.
Filing History
IRS 990 filing history for Leaders Of Texas Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leaders Of Texas Foundation Inc's revenue has grown by 22.3%, moving from $1.2M to $1.4M. Total assets increased by 736.7% over the same period, from $353K to $3.0M. Total functional expenses rose by 98.8%, from $1.0M to $2.0M. In its most recent filing year (2023), Leaders Of Texas Foundation Inc reported a deficit of $637K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $3.0M in assets (debt-to-asset ratio: 45.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.0M | $3.0M | $1.3M | — | View 990 |
| 2022 | $2.5M | $2.4M | $3.4M | $1.5M | — | View 990 |
| 2021 | $3.4M | $2.4M | $3.2M | $1.3M | — | View 990 |
| 2020 | $2.5M | $2.3M | $1.7M | $790K | — | — |
| 2019 | $2.1M | $2.1M | $1.3M | $472K | — | View 990 |
| 2018 | $1.9M | $1.8M | $992K | $113K | — | View 990 |
| 2017 | $1.8M | $1.8M | $828K | $78K | — | View 990 |
| 2016 | $1.6M | $1.4M | $754K | $81K | — | View 990 |
| 2015 | $1.3M | $1.2M | $625K | $17K | — | View 990 |
| 2014 | $1.0M | $855K | $733K | $299K | — | View 990 |
| 2013 | $989K | $876K | $552K | $266K | — | View 990 |
| 2012 | $1.0M | $951K | $467K | $295K | — | View 990 |
| 2011 | $1.2M | $1.0M | $353K | $235K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.0M, and assets of $3.0M (revenue -44.2% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.4M, and assets of $3.4M (revenue -26.1% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.4M, and assets of $3.2M (revenue +35.2% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.3M, and assets of $1.7M (revenue +22.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $1.3M (revenue +8.4% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $992K (revenue +3.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $828K (revenue +12.4% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $754K (revenue +22.6% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $625K (revenue +33.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $855K, and assets of $733K (revenue +1.4% year-over-year).
- 2013: Revenue of $989K, expenses of $876K, and assets of $552K (revenue -1.7% year-over-year).
- 2012: Revenue of $1.0M, expenses of $951K, and assets of $467K (revenue -12.6% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.0M, and assets of $353K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leaders Of Texas Foundation Inc:
Data Sources and Methodology
This transparency report for Leaders Of Texas Foundation 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.