Leeway Inc
Leeway Inc: Consistent Revenue, Declining Liquidity, and High Program Spending
EIN: 223065847 · New Haven, CT · NTEE: G81Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $8.6M |
| Program Spending | 85% |
| Net Assets | $4.6M |
| Transparency Score | 75/100 |
Search Intent Cockpit
Leeway Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Leeway Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Leeway Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $8.7M and expenses of $8.6M.
Revenue and Expenses
Leeway Inc reported $8.7M in revenue and $8.6M in expenses, a surplus of $99K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Leeway Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $7.3M (85%) |
Across stored filings, Leeway Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Category G context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Teen Center Of Wilton Inc →All Connecticut nonprofits
All Category G
Local and Sector Spokes
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New Haven, CT nonprofitsCategory G in Connecticut
Health in Connecticut
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Donation Decision Flow
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Keep the Investigation Moving
Leeway Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leeway Inc
Leeway Inc (EIN: 223065847) is a nonprofit organization based in New Haven, CT, classified under NTEE code G81Z. The organization reported total revenue of $9.4M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leeway Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leeway Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $8.6M |
| Surplus / Deficit | +$99K |
| Total Assets | $9.1M |
| Total Liabilities | $4.5M |
| Net Assets | $4.6M |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 49.1% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Leeway Inc reported a surplus of $99K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 49.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leeway Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +6.1% | -3.2% |
| 2022 | -2.1% | +1.5% | -3.7% |
| 2021 | +9.8% | +8.1% | -3.6% |
| 2020 | +2.6% | +1.3% | +6.8% |
| 2019 | -8.7% | -8.9% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Leeway Inc with a Mission Score of 75 out of 100 (Good). 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, Leeway 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 surplus of $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% for the highest-paid employees across all available filings, which is unusual and requires clarification on the actual compensation structure for leadership.
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 Leeway Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for highest-paid employees across all years raises questions about the accuracy and completeness of executive compensation disclosures.
- A continuous decline in liquidity, with liabilities growing from $4,484,425 in 2023 to $7,605,160 in 2017, suggests potential financial strain if not managed effectively.
- Total expenses have consistently been very close to total revenue, indicating a tight operating margin and limited reserves for unexpected events.
Strengths
The following positive indicators were identified for Leeway Inc:
- Leeway Inc. demonstrates consistent revenue generation, maintaining over $7.5 million annually for the past seven years, indicating stable donor support or program funding.
- The organization consistently allocates a high percentage of its expenses to programs, suggesting a strong commitment to its mission.
- Assets have remained relatively stable, hovering around $9-10 million, providing a base for operations despite declining liquidity.
Frequently Asked Questions about Leeway Inc
Is Leeway Inc a legitimate charity?
Leeway Inc (EIN: 223065847) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.4M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Leeway Inc spend its money?
Leeway Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leeway Inc tax-deductible?
Leeway Inc is registered as a tax-exempt nonprofit (EIN: 223065847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Leeway Inc's spending goes to programs?
Leeway Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leeway Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Leeway Inc is above average for NTEE category G81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leeway Inc located?
Leeway Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 223065847. It is classified under NTEE code G81Z.
How many years of IRS 990 filings does Leeway Inc have?
Leeway 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 $9.4M in total revenue.
What does Leeway Inc do?
Leeway Inc is a nonprofit organization in the Diseases, Disorders & Medical Disciplines sector, located in New Haven, Connecticut. It is classified under NTEE code G81Z.
How much revenue does Leeway Inc have?
Leeway Inc reported total revenue of $9,401,926. Based on 13 IRS 990 filings on record.
What are Leeway Inc's total assets?
Leeway Inc holds total assets of $8,697,862 as reported in IRS 990 filings.
Where is Leeway Inc located?
Leeway Inc is based in New Haven, Connecticut.
What is Leeway Inc's EIN?
Leeway Inc's Employer Identification Number (EIN) is 223065847. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Leeway Inc?
Leeway Inc is classified under NTEE code G81Z (Diseases, Disorders & Medical Disciplines).
Is Leeway Inc a registered 501(c)(3)?
Yes, Leeway Inc is recognized as a tax-exempt organization by the IRS. EIN: 223065847.
Does Leeway Inc file IRS Form 990?
Yes, Leeway Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Leeway Inc's revenue in 2023?
In the 202309 filing period, Leeway Inc reported total revenue of $8,733,468, total expenses of $8,634,639, and net assets of $9,132,438.
Is Leeway Inc's revenue growing or declining?
Leeway Inc's revenue is relatively stable. Revenue went from $8,320,156 (202209) to $8,733,468 (202309), a +5.0% change. Based on 13 filings on record.
What is Leeway Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Leeway Inc covers tax period 202309. It shows revenue of $8,733,468, expenses of $8,634,639, total assets of $9,132,438, and liabilities of $4,484,425.
How much does Leeway Inc spend on programs vs administration?
Based on IRS 990 analysis, Leeway Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Leeway Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Leeway Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Leeway Inc?
The following concerns were identified: Consistent reporting of 0% compensation for highest-paid employees across all years raises questions about the accuracy and completeness of executive compensation disclosures.. A continuous decline in liquidity, with liabilities growing from $4,484,425 in 2023 to $7,605,160 in 2017, suggests potential financial strain if not managed effectively.. Total expenses have consistently been very close to total revenue, indicating a tight operating margin and limited reserves for unexpected events.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Leeway Inc's strengths?
Positive indicators for Leeway Inc include: Leeway Inc. demonstrates consistent revenue generation, maintaining over $7.5 million annually for the past seven years, indicating stable donor support or program funding.. The organization consistently allocates a high percentage of its expenses to programs, suggesting a strong commitment to its mission.. Assets have remained relatively stable, hovering around $9-10 million, providing a base for operations despite declining liquidity.. These findings are derived from AI analysis of the organization's financial filings.
How does Leeway Inc compensate executives?
Executive compensation is reported as 0% for the highest-paid employees across all available filings, which is unusual and requires clarification on the actual compensation structure for leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% compensation for highest-paid employees, how does Leeway Inc. attract and retain senior leadership, and what is the actual total compensation for its executives?
The consistent reporting of 0% compensation for the highest-paid employees in all available filings (e.g., 202309, 202209, etc.) is highly unusual for an organization with revenues exceeding $7 million. This suggests that executive compensation might be structured in a way that is not captured by this specific disclosure, or it could indicate a reliance on pro-bono leadership, which would be a significant operational factor. Further inquiry into their Form 990 or direct communication would be necessary to understand the true compensation model and its implications for leadership retention and operational sustainability.
What is the strategic plan to address the continuous decline in liquidity, as evidenced by the increasing liabilities and relatively stable assets?
Leeway Inc.'s liabilities have steadily increased from $4,484,425 in 2023 to $7,605,160 in 2017, while assets have remained relatively stable. This trend indicates a decreasing ability to cover short-term obligations. A strategic plan should outline how the organization intends to either reduce its liabilities, increase its unrestricted assets, or improve its cash flow management to ensure long-term financial health and operational flexibility.
Filing History
IRS 990 filing history for Leeway Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leeway Inc's revenue has grown by 29.4%, moving from $6.7M to $8.7M. Total assets increased by 99.3% over the same period, from $4.6M to $9.1M. Total functional expenses rose by 26.2%, from $6.8M to $8.6M. In its most recent filing year (2023), Leeway Inc reported a surplus of $99K, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $9.1M in assets (debt-to-asset ratio: 49.1%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $8.6M | $9.1M | $4.5M | — | — |
| 2022 | $8.3M | $8.1M | $9.4M | $4.8M | — | View 990 |
| 2021 | $8.5M | $8.0M | $9.8M | $5.7M | — | View 990 |
| 2020 | $7.7M | $7.4M | $10.2M | $6.6M | — | — |
| 2019 | $7.5M | $7.3M | $9.5M | $6.2M | — | View 990 |
| 2018 | $8.3M | $8.0M | $10.1M | $6.7M | — | View 990 |
| 2017 | $8.0M | $7.6M | $10.6M | $7.6M | — | View 990 |
| 2016 | $7.3M | $7.3M | $9.9M | $7.5M | — | View 990 |
| 2015 | $5.8M | $6.2M | $9.0M | $6.6M | — | View 990 |
| 2014 | $5.5M | $5.6M | $5.3M | $2.4M | — | View 990 |
| 2013 | $6.1M | $6.0M | $4.3M | $1.4M | — | View 990 |
| 2012 | $6.4M | $6.4M | $4.7M | $1.9M | — | View 990 |
| 2011 | $6.7M | $6.8M | $4.6M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $8.6M, and assets of $9.1M (revenue +5.0% year-over-year).
- 2022: Revenue of $8.3M, expenses of $8.1M, and assets of $9.4M (revenue -2.1% year-over-year).
- 2021: Revenue of $8.5M, expenses of $8.0M, and assets of $9.8M (revenue +9.8% year-over-year).
- 2020: Revenue of $7.7M, expenses of $7.4M, and assets of $10.2M (revenue +2.6% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.3M, and assets of $9.5M (revenue -8.7% year-over-year).
- 2018: Revenue of $8.3M, expenses of $8.0M, and assets of $10.1M (revenue +3.8% year-over-year).
- 2017: Revenue of $8.0M, expenses of $7.6M, and assets of $10.6M (revenue +9.6% year-over-year).
- 2016: Revenue of $7.3M, expenses of $7.3M, and assets of $9.9M (revenue +24.1% year-over-year).
- 2015: Revenue of $5.8M, expenses of $6.2M, and assets of $9.0M (revenue +5.6% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.6M, and assets of $5.3M (revenue -8.6% year-over-year).
- 2013: Revenue of $6.1M, expenses of $6.0M, and assets of $4.3M (revenue -5.3% year-over-year).
- 2012: Revenue of $6.4M, expenses of $6.4M, and assets of $4.7M (revenue -5.1% year-over-year).
- 2011: Revenue of $6.7M, expenses of $6.8M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leeway Inc:
Data Sources and Methodology
This transparency report for Leeway 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.