Leah And Alain Lebec Foundation Inc
Leah And Alain Lebec Foundation Inc. faces consistent revenue shortfalls and declining assets.
EIN: 201944833 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Leah And Alain Lebec Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leah And Alain Lebec Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leah And Alain Lebec Foundation Inc
Leah And Alain Lebec Foundation Inc (EIN: 201944833) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $1.8M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leah And Alain Lebec Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leah And Alain Lebec Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $473K |
| Surplus / Deficit | $-341,171 |
| Total Assets | $2.8M |
| Total Liabilities | $1 |
| Net Assets | $2.8M |
| Operating Margin | -259.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 70.3 months |
Financial Health Grade: B
In 2023, Leah And Alain Lebec Foundation Inc reported a deficit of $341K with expenses exceeding revenue, holds 70.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Leah And Alain Lebec Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -131.4% | +0.8% | -16.3% |
| 2021 | +96.8% | +10.2% | -1.8% |
| 2020 | +20.9% | -13.7% | -5.6% |
| 2019 | +3.5% | +68.3% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Leah And Alain Lebec Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Leah And Alain Lebec Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $341K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors are receiving salaries from the foundation, which is a strong positive for financial stewardship.
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 Leah And Alain Lebec Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in most recent periods)
- Significant decline in assets over time (from $4.1M in 2014 to $2.7M in 2023)
- Negative revenue reported in 2022 ($-127,218)
- Unusual consistent $1 liability reported across all filings
Strengths
The following positive indicators were identified for Leah And Alain Lebec Foundation Inc:
- No reported officer compensation (0% across all filings)
- Long filing history (10 filings provided)
Frequently Asked Questions about Leah And Alain Lebec Foundation Inc
Is Leah And Alain Lebec Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Leah And Alain Lebec Foundation Inc (EIN: 201944833) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Leah And Alain Lebec Foundation Inc spend its money?
Leah And Alain Lebec Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leah And Alain Lebec Foundation Inc tax-deductible?
Leah And Alain Lebec Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201944833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Leah And Alain Lebec Foundation Inc. a good charity?
Based on the provided data, the foundation exhibits significant financial challenges with consistent deficit spending and declining assets. While executive compensation is zero, the long-term sustainability and impact are questionable given the financial trends.
Why are assets declining so significantly?
Assets have declined from $4,147,433 in 2014 to $2,770,509 in 2023, primarily due to expenses consistently exceeding revenue in most periods, drawing down the foundation's principal.
What is the nature of the 'negative revenue' reported in 2022?
A negative revenue of $-127,218 in 2022 could indicate investment losses, returns of grants, or other financial adjustments that reduced the organization's income for that period.
How does the foundation cover its expenses with such low revenue?
The foundation appears to be covering its expenses by drawing down its existing assets, as evidenced by the consistent decline in total assets while expenses continue to be incurred.
Filing History
IRS 990 filing history for Leah And Alain Lebec Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leah And Alain Lebec Foundation Inc's revenue has grown by 443.6%, moving from $24K to $131K. Total assets increased by 49.9% over the same period, from $1.8M to $2.8M. Total functional expenses rose by 713.5%, from $58K to $473K. In its most recent filing year (2023), Leah And Alain Lebec Foundation Inc reported a deficit of $341K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $473K | $2.8M | $1 | — | View 990 |
| 2022 | $-127,218 | $477K | $3.1M | $1 | — | View 990 |
| 2021 | $405K | $473K | $3.7M | $1 | — | View 990 |
| 2020 | $206K | $429K | $3.8M | $1 | — | — |
| 2019 | $170K | $497K | $4.0M | $1 | — | View 990 |
| 2015 | $164K | $295K | $4.0M | $1 | — | View 990 |
| 2014 | $2.4M | $67K | $4.1M | $1 | — | View 990 |
| 2013 | $68K | $53K | $1.8M | $1 | — | View 990 |
| 2012 | $33K | $63K | $1.8M | $1 | — | View 990 |
| 2011 | $24K | $58K | $1.8M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $473K, and assets of $2.8M.
- 2022: Revenue of $-127,218, expenses of $477K, and assets of $3.1M (revenue -131.4% year-over-year).
- 2021: Revenue of $405K, expenses of $473K, and assets of $3.7M (revenue +96.8% year-over-year).
- 2020: Revenue of $206K, expenses of $429K, and assets of $3.8M (revenue +20.9% year-over-year).
- 2019: Revenue of $170K, expenses of $497K, and assets of $4.0M (revenue +3.5% year-over-year).
- 2015: Revenue of $164K, expenses of $295K, and assets of $4.0M (revenue -93.1% year-over-year).
- 2014: Revenue of $2.4M, expenses of $67K, and assets of $4.1M (revenue +3402.6% year-over-year).
- 2013: Revenue of $68K, expenses of $53K, and assets of $1.8M (revenue +107.6% year-over-year).
- 2012: Revenue of $33K, expenses of $63K, and assets of $1.8M (revenue +35.5% year-over-year).
- 2011: Revenue of $24K, expenses of $58K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leah And Alain Lebec Foundation Inc:
Data Sources and Methodology
This transparency report for Leah And Alain Lebec 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.