Lehman Foundation
Lehman Foundation's assets have declined by over 87% since 2014 due to consistent deficit spending.
EIN: 205986196 · Tucson, AZ · NTEE: P20 · Updated: 2026-03-28
Is Lehman Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lehman Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lehman Foundation
Lehman Foundation (EIN: 205986196) is a nonprofit organization based in Tucson, AZ, classified under NTEE code P20. The organization reported total revenue of $32K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lehman Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lehman Foundation is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -24.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $4K |
| Surplus / Deficit | $-223 |
| Total Assets | $55K |
| Total Liabilities | $1 |
| Net Assets | $55K |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 159.7 months |
Financial Health Grade: B
In 2023, Lehman Foundation reported a deficit of $223 with expenses exceeding revenue, holds 159.7 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), Lehman Foundation's revenue has declined at a compound annual growth rate (CAGR) of -24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -88.5% | -90.2% | -0.4% |
| 2022 | -35.3% | -30.5% | -12.7% |
| 2021 | -64.9% | -62.0% | -11.1% |
| 2020 | +262.0% | +169.0% | -11.8% |
| 2019 | +34.4% | -32.6% | -75.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lehman Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lehman Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $223, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has been reported as 0% across all available filings, suggesting that the organization either operates with entirely volunteer leadership or that compensation levels are below IRS reporting thresholds for key officers, which is positive for minimizing overhead.
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 Lehman Foundation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in 8 of the last 10 periods.
- Dramatic decline in assets from $380,891 in 2014 to $48,710 in 2023, indicating unsustainable financial practices.
- Latest revenue of $3,891 is significantly lower than historical figures, raising concerns about funding stability.
- Lack of detailed expense breakdown in the provided data limits full financial transparency analysis.
Strengths
The following positive indicators were identified for Lehman Foundation:
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance.
- No reported officer compensation, suggesting low overhead in leadership salaries.
Frequently Asked Questions about Lehman Foundation
Is Lehman Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lehman Foundation (EIN: 205986196) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Lehman Foundation spend its money?
Lehman Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lehman Foundation tax-deductible?
Lehman Foundation is registered as a tax-exempt nonprofit (EIN: 205986196). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have the Lehman Foundation's assets decreased so dramatically from $380,891 in 2014 to $48,710 currently?
The significant decline in assets is primarily due to the foundation consistently spending more than its revenue, leading to operational deficits in 8 out of the last 10 reported periods, which has drawn down its reserves.
What are the specific categories of expenses that constitute the majority of the foundation's spending?
Without a detailed breakdown of expenses from the IRS 990 filings, it is not possible to determine the specific categories (e.g., program, administrative, fundraising) that make up the majority of the foundation's spending.
How does the Lehman Foundation plan to address its persistent operational deficits?
The provided data does not include information on the foundation's strategies to address its ongoing operational deficits, which have been a consistent trend over the past decade.
Filing History
IRS 990 filing history for Lehman Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lehman Foundation's revenue has declined by 96.4%, moving from $107K to $4K. Total assets decreased by 78.7% over the same period, from $258K to $55K. Total functional expenses rose by 64.6%, from $3K to $4K. In its most recent filing year (2023), Lehman Foundation reported a deficit of $223, with expenses exceeding revenue. The organization holds $1 in liabilities against $55K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $4K | $55K | $1 | — | — |
| 2022 | $34K | $42K | $55K | $1 | — | View 990 |
| 2021 | $52K | $60K | $63K | $1 | — | — |
| 2020 | $149K | $159K | $71K | $1 | — | — |
| 2019 | $41K | $59K | $80K | $0 | — | View 990 |
| 2015 | $31K | $88K | $324K | $0 | — | View 990 |
| 2014 | $234K | $68K | $381K | $0 | — | View 990 |
| 2013 | $8K | $69K | $215K | $0 | — | View 990 |
| 2012 | $123K | $104K | $277K | $0 | — | View 990 |
| 2011 | $107K | $3K | $258K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $4K, and assets of $55K (revenue -88.5% year-over-year).
- 2022: Revenue of $34K, expenses of $42K, and assets of $55K (revenue -35.3% year-over-year).
- 2021: Revenue of $52K, expenses of $60K, and assets of $63K (revenue -64.9% year-over-year).
- 2020: Revenue of $149K, expenses of $159K, and assets of $71K (revenue +262.0% year-over-year).
- 2019: Revenue of $41K, expenses of $59K, and assets of $80K (revenue +34.4% year-over-year).
- 2015: Revenue of $31K, expenses of $88K, and assets of $324K (revenue -86.9% year-over-year).
- 2014: Revenue of $234K, expenses of $68K, and assets of $381K (revenue +3013.0% year-over-year).
- 2013: Revenue of $8K, expenses of $69K, and assets of $215K (revenue -93.9% year-over-year).
- 2012: Revenue of $123K, expenses of $104K, and assets of $277K (revenue +14.7% year-over-year).
- 2011: Revenue of $107K, expenses of $3K, and assets of $258K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lehman Foundation:
Data Sources and Methodology
This transparency report for Lehman Foundation 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.