Leadership For Educational Achievement Foundation Inc

Is Leadership For Educational Achievement Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Leadership For Educational Achievement Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Leadership For Educational Achievement Foundation Inc

Leadership For Educational Achievement Foundation Inc (EIN: 208206775) is a nonprofit organization based in Latham, NY, classified under NTEE code B90. The organization reported total revenue of $3.6M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leadership For Educational Achievement Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Leadership For Educational Achievement Foundation 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Leadership For Educational Achievement Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that executive compensation is covered through other means not reported as officer compensation, which is highly unusual for an organization of this size and revenue.

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 Leadership For Educational Achievement Foundation Inc's IRS 990 filings:

• Consistent 0% officer compensation for an organization with growing revenue of nearly $3 million, which could indicate compensation is reported under other categories or that the executive leadership is entirely volunteer-based, which is uncommon for this scale.

Strengths

The following positive indicators were identified for Leadership For Educational Achievement Foundation Inc:

• Strong and consistent revenue growth, particularly in recent years (e.g., from $732,185 in 2021 to $2,932,245 in 2023).
• Healthy asset base ($1,734,567 in 2023) relative to liabilities ($283,779 in 2023), indicating financial stability.
• Consistent reporting of 0% officer compensation, suggesting a high dedication of funds to programs.
• Positive net income in most recent filings (e.g., $2,932,245 revenue vs. $2,654,978 expenses in 2023).

Frequently Asked Questions about Leadership For Educational Achievement Foundation Inc

Filing History

IRS 990 filing history for Leadership For Educational Achievement Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Leadership For Educational Achievement Foundation Inc's revenue has grown by 1055.5%, moving from $254K to $2.9M. Total assets increased by 1021.5% over the same period, from $155K to $1.7M. Total functional expenses rose by 704.3%, from $330K to $2.7M. In its most recent filing year (2023), Leadership For Educational Achievement Foundation Inc reported a surplus of $277K, with revenue exceeding expenses. The organization holds $284K in liabilities against $1.7M in assets (debt-to-asset ratio: 16.4%), resulting in net assets of $1.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.9M, expenses of $2.7M, and assets of $1.7M (revenue +31.7% year-over-year).
• 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $1.4M (revenue +204.2% year-over-year).
• 2021: Revenue of $732K, expenses of $710K, and assets of $1.1M (revenue -41.1% year-over-year).
• 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue +0.5% year-over-year).
• 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue +5.5% year-over-year).
• 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $867K (revenue -7.7% year-over-year).
• 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $787K (revenue -9.2% year-over-year).
• 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue +15.3% year-over-year).
• 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $707K (revenue +96.8% year-over-year).
• 2014: Revenue of $617K, expenses of $503K, and assets of $512K (revenue +47.5% year-over-year).
• 2013: Revenue of $418K, expenses of $326K, and assets of $341K (revenue -13.3% year-over-year).
• 2012: Revenue of $482K, expenses of $414K, and assets of $256K (revenue +90.0% year-over-year).
• 2011: Revenue of $254K, expenses of $330K, and assets of $155K.

Data Sources and Methodology

This transparency report for Leadership For Educational Achievement 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.