Leadingage New York Inc
Leadingage New York Inc consistently operates with revenues around $3M, showing recent deficits but no officer compensation.
EIN: 136260145 · Latham, NY · NTEE: R25 · Updated: 2026-03-28
Is Leadingage New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leadingage New York Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leadingage New York Inc
Leadingage New York Inc (EIN: 136260145) is a nonprofit organization based in Latham, NY, classified under NTEE code R25. The organization reported total revenue of $6.4M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leadingage New York 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 Leadingage New York 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, Leadingage New York 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation directly from the organization, which is a strong positive for resource allocation.
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 Leadingage New York Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $597,406 in 2023, $227,483 in 2022)
- Increasing trend in liabilities, reaching $2,350,284 in 2023
Strengths
The following positive indicators were identified for Leadingage New York Inc:
- No officer compensation reported across all filings, indicating high dedication to mission
- Stable asset base, generally between $4.3 million and $5.6 million over the past decade
- Consistent revenue generation, typically in the $2.8 million to $3.8 million range
- Long filing history (13 filings) demonstrating sustained operations
Frequently Asked Questions about Leadingage New York Inc
Is Leadingage New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Leadingage New York Inc (EIN: 136260145) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Leadingage New York Inc spend its money?
Leadingage New York Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leadingage New York Inc tax-deductible?
Leadingage New York Inc is registered as a tax-exempt nonprofit (EIN: 136260145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Leadingage New York Inc a good charity?
Based on the available data, Leadingage New York Inc appears to be a good charity, particularly due to its consistent operations, stable asset base, and the notable absence of officer compensation, which suggests a high dedication to its mission.
Why has Leadingage New York Inc experienced deficits in recent years?
Leadingage New York Inc has experienced deficits, such as $597,406 in 2023 and $227,483 in 2022, primarily because its total expenses exceeded its total revenues in those periods. The specific reasons for increased expenses or decreased revenue would require a deeper dive into their detailed financial statements.
What is the trend in Leadingage New York Inc's liabilities?
Leadingage New York Inc's liabilities have shown an increasing trend in recent years, rising from $984,019 in 2019 to $2,350,284 in 2023. This increase warrants attention to understand its nature and sustainability.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation across all filings significantly enhances the organization's spending efficiency and transparency, as it means more of its revenue is available for program services and operational costs rather than executive salaries.
Filing History
IRS 990 filing history for Leadingage New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leadingage New York Inc's revenue has declined by 30.3%, moving from $4.2M to $2.9M. Total assets increased by 27.4% over the same period, from $3.8M to $4.9M. Total functional expenses rose by 0.4%, from $3.5M to $3.5M. In its most recent filing year (2023), Leadingage New York Inc reported a deficit of $597K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $4.9M in assets (debt-to-asset ratio: 48.5%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.5M | $4.9M | $2.4M | — | — |
| 2022 | $3.0M | $3.2M | $5.6M | $2.6M | — | — |
| 2021 | $3.4M | $3.1M | $5.3M | $1.2M | — | View 990 |
| 2020 | $3.3M | $3.4M | $5.1M | $1.2M | — | View 990 |
| 2019 | $2.8M | $3.3M | $4.7M | $984K | — | View 990 |
| 2018 | $2.9M | $3.2M | $4.4M | $617K | — | View 990 |
| 2017 | $3.2M | $3.3M | $5.2M | $853K | — | View 990 |
| 2016 | $3.1M | $3.1M | $4.8M | $654K | — | View 990 |
| 2015 | $3.6M | $3.3M | $4.9M | $819K | — | View 990 |
| 2014 | $3.9M | $3.4M | $4.8M | $795K | — | View 990 |
| 2013 | $4.2M | $3.5M | $4.9M | $1.1M | — | View 990 |
| 2012 | $3.9M | $3.3M | $4.6M | $1.5M | — | View 990 |
| 2011 | $4.2M | $3.5M | $3.8M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.5M, and assets of $4.9M (revenue -1.6% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.2M, and assets of $5.6M (revenue -11.3% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.1M, and assets of $5.3M (revenue +1.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.4M, and assets of $5.1M (revenue +17.7% year-over-year).
- 2019: Revenue of $2.8M, expenses of $3.3M, and assets of $4.7M (revenue -1.1% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.2M, and assets of $4.4M (revenue -10.7% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.3M, and assets of $5.2M (revenue +4.0% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.1M, and assets of $4.8M (revenue -13.7% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.3M, and assets of $4.9M (revenue -7.6% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.4M, and assets of $4.8M (revenue -8.5% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.5M, and assets of $4.9M (revenue +7.2% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.3M, and assets of $4.6M (revenue -7.2% year-over-year).
- 2011: Revenue of $4.2M, expenses of $3.5M, and assets of $3.8M.
Data Sources and Methodology
This transparency report for Leadingage New York 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.