Leo Marchutz School Of Painting & Drawing Inc
EIN: 237401416 · Portland, OR · NTEE: B40
| Metric | Value |
|---|---|
| Total Revenue | $251K |
| Total Expenses | $111K |
| Net Assets | $10K |
Is Leo Marchutz School Of Painting & Drawing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Leo Marchutz School Of Painting & Drawing Inc
Leo Marchutz School Of Painting & Drawing Inc (EIN: 237401416) is a nonprofit organization based in Portland, OR, classified under NTEE code B40. The organization reported total revenue of $251K and total assets of $47K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leo Marchutz School Of Painting & Drawing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leo Marchutz School Of Painting & Drawing Inc is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $73K |
| Total Expenses | $111K |
| Surplus / Deficit | $-37,650 |
| Total Assets | $10K |
| Net Assets | $10K |
| Operating Margin | -51.5% |
| Months of Reserves | 1.1 months |
Financial Health Grade: C
In 2023, Leo Marchutz School Of Painting & Drawing Inc reported a deficit of $38K with expenses exceeding revenue, holds 1.1 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Leo Marchutz School Of Painting & Drawing Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.7% | +200.0% | -78.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Leo Marchutz School Of Painting & Drawing Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leo Marchutz School Of Painting & Drawing Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
Frequently Asked Questions about Leo Marchutz School Of Painting & Drawing Inc
Is Leo Marchutz School Of Painting & Drawing Inc a legitimate charity?
Leo Marchutz School Of Painting & Drawing Inc (EIN: 237401416) is a registered tax-exempt nonprofit based in Oregon. It has 2 years of IRS 990 filings on record. Total revenue: $251K. No red flags identified. Financial health grade: C.
How does Leo Marchutz School Of Painting & Drawing Inc spend its money?
Leo Marchutz School Of Painting & Drawing Inc reported $251K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Leo Marchutz School Of Painting & Drawing Inc tax-deductible?
Leo Marchutz School Of Painting & Drawing Inc is registered as a tax-exempt nonprofit (EIN: 237401416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Leo Marchutz School Of Painting & Drawing Inc located?
Leo Marchutz School Of Painting & Drawing Inc is headquartered in Portland, Oregon and files with the IRS under EIN 237401416. It is classified under NTEE code B40.
How many years of IRS 990 filings does Leo Marchutz School Of Painting & Drawing Inc have?
Leo Marchutz School Of Painting & Drawing Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $251K in total revenue.
Filing History
IRS 990 filing history for Leo Marchutz School Of Painting & Drawing Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Leo Marchutz School Of Painting & Drawing Inc's revenue has declined by 13.7%, moving from $85K to $73K. Total assets decreased by 78.7% over the same period, from $48K to $10K. Total functional expenses rose by 200%, from $37K to $111K. In its most recent filing year (2023), Leo Marchutz School Of Painting & Drawing Inc reported a deficit of $38K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $73K | $111K | $10K | $0 | — | View 990 |
| 2022 | $85K | $37K | $48K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leo Marchutz School Of Painting & Drawing Inc:
Data Sources and Methodology
This transparency report for Leo Marchutz School Of Painting & Drawing 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.