Leon And Arline Harman Foundation Inc
Leon And Arline Harman Foundation maintains substantial assets and zero executive compensation amidst fluctuating revenues.
EIN: 201738267 · Salt Lake Cty, UT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $19.5M |
| Transparency Score | 95/100 |
Is Leon And Arline Harman Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leon And Arline Harman Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leon And Arline Harman Foundation Inc
Leon And Arline Harman Foundation Inc (EIN: 201738267) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code B82. The organization reported total revenue of $5.6M and total assets of $19.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leon And Arline Harman Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leon And Arline Harman Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $433K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-857,977 |
| Total Assets | $19.5M |
| Total Liabilities | $1 |
| Net Assets | $19.5M |
| Operating Margin | -198.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.9 months |
Financial Health Grade: B
In 2023, Leon And Arline Harman Foundation Inc reported a deficit of $858K with expenses exceeding revenue, holds 180.9 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), Leon And Arline Harman Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.8% | -3.8% | -4.2% |
| 2022 | -79.6% | +0.9% | -3.8% |
| 2021 | +178.7% | +10.2% | +6.7% |
| 2020 | -10.4% | +13.5% | -1.3% |
| 2019 | +19.0% | +1.1% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Leon And Arline Harman Foundation Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Leon And Arline Harman Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $858K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly commendable for an organization with assets nearing $20 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 Leon And Arline Harman Foundation Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., $1,291,152 expenses vs. $433,175 revenue in 2023), indicating reliance on asset drawdowns.
Strengths
The following positive indicators were identified for Leon And Arline Harman Foundation Inc:
- Zero officer compensation across all filings, demonstrating excellent financial stewardship.
- Substantial and stable asset base (e.g., $19,607,210 in 2023) providing long-term financial security.
- Minimal liabilities ($1 in most recent filings) indicating strong financial health and low debt.
- Consistent IRS 990 filing history, reflecting good transparency practices.
Frequently Asked Questions about Leon And Arline Harman Foundation Inc
Is Leon And Arline Harman Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Leon And Arline Harman Foundation Inc (EIN: 201738267) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Leon And Arline Harman Foundation Inc spend its money?
Leon And Arline Harman Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leon And Arline Harman Foundation Inc tax-deductible?
Leon And Arline Harman Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201738267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Leon And Arline Harman Foundation Inc CEO make?
Leon And Arline Harman Foundation Inc's highest-compensated officer earns $20 annually. The organization reported $5.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Leon And Arline Harman Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Leon And Arline Harman Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leon And Arline Harman Foundation Inc located?
Leon And Arline Harman Foundation Inc is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 201738267. It is classified under NTEE code B82.
How many years of IRS 990 filings does Leon And Arline Harman Foundation Inc have?
Leon And Arline Harman Foundation Inc has 10 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 $5.6M in total revenue.
How does the foundation manage its investments to generate revenue?
The provided data shows significant fluctuations in revenue, suggesting reliance on investment returns. For example, revenue was $8,734,383 in 2014 but only $433,175 in 2023, while assets remained substantial, indicating investment performance is a key driver.
What specific programs does the foundation fund with its expenses?
The summary data indicates consistent expenses (e.g., $1,291,152 in 2023) but does not detail the specific programmatic areas or beneficiaries of these expenditures.
Why did expenses exceed revenue in recent years (e.g., 2023 and 2022)?
In 2023, expenses were $1,291,152 against revenue of $433,175, and in 2022, expenses were $1,342,322 against revenue of $540,086. This suggests the foundation is drawing from its substantial asset base to cover operational and grant-making costs during periods of lower investment income.
Filing History
IRS 990 filing history for Leon And Arline Harman Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leon And Arline Harman Foundation Inc's revenue has declined by 75.5%, moving from $1.8M to $433K. Total assets increased by 206.7% over the same period, from $6.3M to $19.5M. Total functional expenses rose by 111.2%, from $611K to $1.3M. In its most recent filing year (2023), Leon And Arline Harman Foundation Inc reported a deficit of $858K, with expenses exceeding revenue. The organization holds $1 in liabilities against $19.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $19.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $433K | $1.3M | $19.5M | $1 | — | View 990 |
| 2022 | $540K | $1.3M | $20.3M | $1 | — | View 990 |
| 2021 | $2.7M | $1.3M | $21.1M | $1 | — | View 990 |
| 2020 | $951K | $1.2M | $19.8M | $1 | — | — |
| 2019 | $1.1M | $1.1M | $20.1M | $1 | — | View 990 |
| 2015 | $892K | $1.1M | $20.6M | $1 | — | View 990 |
| 2014 | $8.7M | $945K | $20.7M | $1 | — | View 990 |
| 2013 | $6.3M | $863K | $13.0M | $1 | — | View 990 |
| 2012 | $1.8M | $648K | $7.5M | $1 | — | View 990 |
| 2011 | $1.8M | $611K | $6.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $433K, expenses of $1.3M, and assets of $19.5M (revenue -19.8% year-over-year).
- 2022: Revenue of $540K, expenses of $1.3M, and assets of $20.3M (revenue -79.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.3M, and assets of $21.1M (revenue +178.7% year-over-year).
- 2020: Revenue of $951K, expenses of $1.2M, and assets of $19.8M (revenue -10.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $20.1M (revenue +19.0% year-over-year).
- 2015: Revenue of $892K, expenses of $1.1M, and assets of $20.6M (revenue -89.8% year-over-year).
- 2014: Revenue of $8.7M, expenses of $945K, and assets of $20.7M (revenue +38.6% year-over-year).
- 2013: Revenue of $6.3M, expenses of $863K, and assets of $13.0M (revenue +247.5% year-over-year).
- 2012: Revenue of $1.8M, expenses of $648K, and assets of $7.5M (revenue +2.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $611K, and assets of $6.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leon And Arline Harman Foundation Inc:
Data Sources and Methodology
This transparency report for Leon And Arline Harman 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.