Lenny Peters Foundation Inc
Lenny Peters Foundation shows significant revenue growth but experienced a substantial deficit in its latest fiscal period.
EIN: 205359020 · High Point, NC · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $693K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.1 |
| Net Assets | $816K |
| Transparency Score | 80/100 |
Is Lenny Peters Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lenny Peters Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lenny Peters Foundation Inc
Lenny Peters Foundation Inc (EIN: 205359020) is a nonprofit organization based in High Point, NC, classified under NTEE code T20. The organization reported total revenue of $1.5M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lenny Peters Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lenny Peters Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $293K |
| Total Expenses | $693K |
| Surplus / Deficit | $-399,785 |
| Total Assets | $1.2M |
| Total Liabilities | $431K |
| Net Assets | $816K |
| Operating Margin | -136.2% |
| Debt-to-Asset Ratio | 34.6% |
| Months of Reserves | 21.6 months |
Financial Health Grade: B
In 2022, Lenny Peters Foundation Inc reported a deficit of $400K with expenses exceeding revenue, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 34.6% (moderate leverage).
Financial Trends
Over 9 years of filings (2011–2022), Lenny Peters Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -25.1% | +290.0% | +2.6% |
| 2021 | +86.2% | +373.3% | -29.8% |
| 2020 | +13.1% | -29.8% | +108.9% |
| 2019 | +99.4% | -1.5% | +119.8% |
| 2015 | +29.9% | +3.9% | +13.7% |
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 Lenny Peters Foundation Inc with a Mission Score of 80 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, Lenny Peters Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $400K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.6%.
Executive Compensation Analysis
The Lenny Peters Foundation consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing all funds towards its mission rather than executive salaries, which is highly commendable for an organization of its size with current assets over $1.1 million.
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 Lenny Peters Foundation Inc's IRS 990 filings:
- Significant deficit in the latest fiscal period (202212), with expenses ($693,268) more than double revenue ($293,483).
- Fluctuating and sometimes high liabilities, such as $729,317 in 202012 and $431,490 in 202212, without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Lenny Peters Foundation Inc:
- Consistent 0% officer compensation, demonstrating excellent financial stewardship at the executive level.
- Significant growth in total assets over time, from $239,056 in 201112 to $1,161,061 currently.
- Long history of IRS 990 filings (9 filings), indicating regulatory compliance and basic transparency.
- Substantial overall revenue growth, with latest revenue reported at $1,473,025.
Frequently Asked Questions about Lenny Peters Foundation Inc
Is Lenny Peters Foundation Inc a legitimate charity?
Lenny Peters Foundation Inc (EIN: 205359020) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 80/100. It has 9 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Lenny Peters Foundation Inc spend its money?
Lenny Peters Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lenny Peters Foundation Inc tax-deductible?
Lenny Peters Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205359020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lenny Peters Foundation Inc CEO make?
Lenny Peters Foundation Inc's highest-compensated officer earns $1.1 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lenny Peters Foundation Inc's spending goes to programs?
Lenny Peters Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lenny Peters Foundation Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Lenny Peters Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lenny Peters Foundation Inc located?
Lenny Peters Foundation Inc is headquartered in High Point, North Carolina and files with the IRS under EIN 205359020. It is classified under NTEE code T20.
How many years of IRS 990 filings does Lenny Peters Foundation Inc have?
Lenny Peters Foundation Inc has 9 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 $1.5M in total revenue.
Is Lenny Peters Foundation Inc. financially stable?
While the foundation has grown its assets significantly to $1,161,061 and has a strong revenue history, the latest filing (202212) shows expenses ($693,268) far exceeding revenue ($293,483), indicating a net loss for that period. This suggests potential year-to-year instability, despite overall growth.
How does the foundation manage executive compensation?
The foundation consistently reports 0% officer compensation across all available filings, which is an excellent indicator of efficient use of funds and a strong commitment to its mission.
What caused the significant liabilities in certain years?
The filings show fluctuating liabilities, with significant amounts like $729,317 in 202012 and $431,490 in 202212, compared to years with minimal liabilities. The provided data does not specify the nature of these liabilities, which would be important for a complete financial assessment.
Filing History
IRS 990 filing history for Lenny Peters Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Lenny Peters Foundation Inc's revenue has grown by 270.9%, moving from $79K to $293K. Total assets increased by 421.7% over the same period, from $239K to $1.2M. Total functional expenses rose by 1289.1%, from $50K to $693K. In its most recent filing year (2022), Lenny Peters Foundation Inc reported a deficit of $400K, with expenses exceeding revenue. The organization holds $431K in liabilities against $1.2M in assets (debt-to-asset ratio: 34.6%), resulting in net assets of $816K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $293K | $693K | $1.2M | $431K | — | View 990 |
| 2021 | $392K | $178K | $1.2M | $1 | — | View 990 |
| 2020 | $210K | $38K | $1.7M | $729K | — | — |
| 2019 | $186K | $53K | $829K | $1 | — | View 990 |
| 2015 | $93K | $54K | $377K | $0 | — | View 990 |
| 2014 | $72K | $52K | $332K | $0 | — | View 990 |
| 2013 | $101K | $63K | $312K | $0 | — | View 990 |
| 2012 | $88K | $53K | $274K | $0 | — | View 990 |
| 2011 | $79K | $50K | $239K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $293K, expenses of $693K, and assets of $1.2M (revenue -25.1% year-over-year).
- 2021: Revenue of $392K, expenses of $178K, and assets of $1.2M (revenue +86.2% year-over-year).
- 2020: Revenue of $210K, expenses of $38K, and assets of $1.7M (revenue +13.1% year-over-year).
- 2019: Revenue of $186K, expenses of $53K, and assets of $829K (revenue +99.4% year-over-year).
- 2015: Revenue of $93K, expenses of $54K, and assets of $377K (revenue +29.9% year-over-year).
- 2014: Revenue of $72K, expenses of $52K, and assets of $332K (revenue -28.8% year-over-year).
- 2013: Revenue of $101K, expenses of $63K, and assets of $312K (revenue +14.8% year-over-year).
- 2012: Revenue of $88K, expenses of $53K, and assets of $274K (revenue +11.0% year-over-year).
- 2011: Revenue of $79K, expenses of $50K, and assets of $239K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lenny Peters Foundation Inc:
Data Sources and Methodology
This transparency report for Lenny Peters 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.