Leonard And Ilona H Ling Familyfoundation
Leonard And Ilona H Ling Familyfoundation maintains low expenses and zero officer compensation while significantly growing assets.
EIN: 205247159 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Leonard And Ilona H Ling Familyfoundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leonard And Ilona H Ling Familyfoundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leonard And Ilona H Ling Familyfoundation
Leonard And Ilona H Ling Familyfoundation (EIN: 205247159) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leonard And Ilona H Ling Familyfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leonard And Ilona H Ling Familyfoundation is a mid-size 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 32.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $149K |
| Surplus / Deficit | +$929K |
| Total Assets | $2.3M |
| Total Liabilities | $1 |
| Net Assets | $2.3M |
| Operating Margin | 86.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.1 months |
Financial Health Grade: A
In 2023, Leonard And Ilona H Ling Familyfoundation reported a surplus of $929K with revenue exceeding expenses, holds 183.1 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), Leonard And Ilona H Ling Familyfoundation's revenue has grown at a compound annual growth rate (CAGR) of 32.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +269.1% | +12.0% | +69.2% |
| 2022 | +309.6% | +16.0% | +13.4% |
| 2021 | +22.4% | +43.7% | -3.5% |
| 2020 | -57.3% | -28.6% | -1.7% |
| 2019 | -9.3% | +64.4% | +32.3% |
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 Leonard And Ilona H Ling Familyfoundation 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Leonard And Ilona H Ling Familyfoundation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $929K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the foundation's leadership is either unpaid or compensated through other means not reported as officer compensation, which is a strong positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Leonard And Ilona H Ling Familyfoundation:
- Consistently low expense ratio relative to revenue (e.g., 2023 expenses were only 13.8% of revenue).
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Significant growth in assets over time, from $557,031 in 2011 to $2,271,578 in 2023.
- Strong financial health with assets significantly exceeding liabilities (e.g., $2,271,578 assets vs. $1 liability in 2023).
- High program spending efficiency due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Leonard And Ilona H Ling Familyfoundation
Is Leonard And Ilona H Ling Familyfoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Leonard And Ilona H Ling Familyfoundation (EIN: 205247159) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Leonard And Ilona H Ling Familyfoundation spend its money?
Leonard And Ilona H Ling Familyfoundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leonard And Ilona H Ling Familyfoundation tax-deductible?
Leonard And Ilona H Ling Familyfoundation is registered as a tax-exempt nonprofit (EIN: 205247159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Leonard And Ilona H Ling Familyfoundation a good charity?
Based on the provided IRS 990 data, the foundation appears to be a very good charity in terms of financial management, efficiency, and transparency. It maintains extremely low expenses relative to its revenue and assets, and reports zero officer compensation, suggesting a strong commitment to its mission.
How has the foundation's asset base changed over time?
The foundation's assets have shown substantial growth, increasing from $557,031 in 2011 to $2,271,578 in 2023, indicating effective financial stewardship and asset accumulation.
What is the trend in the foundation's revenue?
Revenue has fluctuated but shows a significant upward trend in recent years, with a notable jump to $1,078,027 in 2023 from $292,031 in 2022, suggesting increased financial support or investment returns.
Filing History
IRS 990 filing history for Leonard And Ilona H Ling Familyfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Leonard And Ilona H Ling Familyfoundation's revenue has grown by 2926.6%, moving from $36K to $1.1M. Total assets increased by 307.8% over the same period, from $557K to $2.3M. Total functional expenses rose by 195.9%, from $50K to $149K. In its most recent filing year (2023), Leonard And Ilona H Ling Familyfoundation reported a surplus of $929K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $149K | $2.3M | $1 | — | View 990 |
| 2022 | $292K | $133K | $1.3M | $1 | — | View 990 |
| 2021 | $71K | $115K | $1.2M | $1 | — | View 990 |
| 2020 | $58K | $80K | $1.2M | $1 | — | — |
| 2019 | $136K | $112K | $1.2M | $1 | — | — |
| 2015 | $150K | $68K | $943K | $1 | — | View 990 |
| 2014 | $57K | $59K | $861K | $0 | — | View 990 |
| 2013 | $215K | $57K | $863K | $1 | — | View 990 |
| 2012 | $194K | $47K | $704K | $0 | — | View 990 |
| 2011 | $36K | $50K | $557K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $149K, and assets of $2.3M (revenue +269.1% year-over-year).
- 2022: Revenue of $292K, expenses of $133K, and assets of $1.3M (revenue +309.6% year-over-year).
- 2021: Revenue of $71K, expenses of $115K, and assets of $1.2M (revenue +22.4% year-over-year).
- 2020: Revenue of $58K, expenses of $80K, and assets of $1.2M (revenue -57.3% year-over-year).
- 2019: Revenue of $136K, expenses of $112K, and assets of $1.2M (revenue -9.3% year-over-year).
- 2015: Revenue of $150K, expenses of $68K, and assets of $943K (revenue +164.5% year-over-year).
- 2014: Revenue of $57K, expenses of $59K, and assets of $861K (revenue -73.6% year-over-year).
- 2013: Revenue of $215K, expenses of $57K, and assets of $863K (revenue +10.9% year-over-year).
- 2012: Revenue of $194K, expenses of $47K, and assets of $704K (revenue +444.9% year-over-year).
- 2011: Revenue of $36K, expenses of $50K, and assets of $557K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leonard And Ilona H Ling Familyfoundation:
Data Sources and Methodology
This transparency report for Leonard And Ilona H Ling Familyfoundation 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.