Leo House
Leo House maintains stable assets and strong program spending, with no reported executive compensation.
EIN: 135563398 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $4.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $8.7M |
| Transparency Score | 92/100 |
Is Leo House Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leo House directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leo House
Leo House (EIN: 135563398) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.2M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leo House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leo House is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-181,731 |
| Total Assets | $9.8M |
| Total Liabilities | $1.1M |
| Net Assets | $8.7M |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 11.0% |
| Months of Reserves | 27.0 months |
Financial Health Grade: B
In 2023, Leo House reported a deficit of $182K with expenses exceeding revenue, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leo House's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +27.2% | +0.6% |
| 2022 | +35.0% | +29.5% | +5.4% |
| 2021 | +36.6% | -20.7% | +1.2% |
| 2020 | -50.3% | -18.6% | -13.4% |
| 2019 | +11.0% | +7.2% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Leo House with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Leo House allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $182K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is highly unusual for an organization with annual revenues exceeding $4 million and suggests a very lean administrative overhead at the top.
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 Leo House's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2023 filing, resulting in a net deficit of $181,731.
Strengths
The following positive indicators were identified for Leo House:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication.
- Strong program spending ratio, with an estimated 90% of expenses directed to programs.
- Stable asset base, consistently maintaining assets between $9-11 million over the past decade.
- Long history of consistent IRS 990 filings, demonstrating transparency and accountability.
- Positive revenue growth trend in recent years, from $2,085,568 in 2020 to $4,168,918 in 2023.
Frequently Asked Questions about Leo House
Is Leo House a legitimate charity?
Leo House (EIN: 135563398) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Leo House spend its money?
Leo House directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Leo House tax-deductible?
Leo House is registered as a tax-exempt nonprofit (EIN: 135563398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Leo House CEO make?
Leo House's highest-compensated officer earns $4 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Leo House's spending goes to programs?
Leo House directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Leo House located?
Leo House is headquartered in New York, New York and files with the IRS under EIN 135563398.
How many years of IRS 990 filings does Leo House have?
Leo House 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 $5.2M in total revenue.
What is the nature of Leo House's program services?
Based on the financial data, a significant portion of expenses is allocated to programs, but the specific nature of these programs is not detailed in the provided financial summary. Further investigation into their 990 forms' Part III (Statement of Program Service Accomplishments) would be necessary.
How does Leo House manage to operate without officer compensation?
The consistent 0% officer compensation suggests that executive leadership may be provided by volunteers, or compensated through other means not reported as officer compensation on the 990, or that the organization has a unique operational model. This is a significant indicator of dedication to mission and efficiency.
What caused the deficit in the 2023 fiscal period?
In 2023, expenses ($4,350,649) exceeded revenue ($4,168,918) by $181,731. The specific reasons for this deficit are not detailed in the summary data but could be due to increased operational costs, one-time expenditures, or a temporary dip in revenue. It warrants closer examination of the full 990 filing.
Filing History
IRS 990 filing history for Leo House showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leo House's revenue has grown by 62.2%, moving from $2.6M to $4.2M. Total assets decreased by 11.1% over the same period, from $11.0M to $9.8M. Total functional expenses rose by 65.4%, from $2.6M to $4.4M. In its most recent filing year (2023), Leo House reported a deficit of $182K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $9.8M in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.4M | $9.8M | $1.1M | — | — |
| 2022 | $3.8M | $3.4M | $9.7M | $838K | — | View 990 |
| 2021 | $2.8M | $2.6M | $9.2M | $767K | — | View 990 |
| 2020 | $2.1M | $3.3M | $9.1M | $863K | — | View 990 |
| 2019 | $4.2M | $4.1M | $10.5M | $1.0M | — | View 990 |
| 2018 | $3.8M | $3.8M | $10.8M | $1.4M | — | View 990 |
| 2017 | $3.5M | $3.4M | $10.9M | $1.5M | — | View 990 |
| 2016 | $3.4M | $3.6M | $10.9M | $1.5M | — | View 990 |
| 2015 | $3.6M | $3.9M | $11.3M | $1.7M | — | View 990 |
| 2014 | $3.4M | $4.0M | $11.2M | $1.3M | — | View 990 |
| 2013 | $2.7M | $2.7M | $11.2M | $832K | — | View 990 |
| 2012 | $3.1M | $2.6M | $11.2M | $857K | — | View 990 |
| 2011 | $2.6M | $2.6M | $11.0M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.4M, and assets of $9.8M (revenue +8.4% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.4M, and assets of $9.7M (revenue +35.0% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.6M, and assets of $9.2M (revenue +36.6% year-over-year).
- 2020: Revenue of $2.1M, expenses of $3.3M, and assets of $9.1M (revenue -50.3% year-over-year).
- 2019: Revenue of $4.2M, expenses of $4.1M, and assets of $10.5M (revenue +11.0% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.8M, and assets of $10.8M (revenue +8.2% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.4M, and assets of $10.9M (revenue +2.9% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.6M, and assets of $10.9M (revenue -6.4% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.9M, and assets of $11.3M (revenue +5.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $4.0M, and assets of $11.2M (revenue +28.3% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.7M, and assets of $11.2M (revenue -12.7% year-over-year).
- 2012: Revenue of $3.1M, expenses of $2.6M, and assets of $11.2M (revenue +19.4% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.6M, and assets of $11.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leo House:
Data Sources and Methodology
This transparency report for Leo House 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.