Leonardos Basement
EIN: 411911604 · Minneapolis, MN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $404K |
| Total Expenses | $459K |
| Net Assets | $157K |
Is Leonardos Basement Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Leonardos Basement
Leonardos Basement (EIN: 411911604) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code P20. The organization reported total revenue of $404K and total assets of $204K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leonardos Basement's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leonardos Basement is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $459K |
| Surplus / Deficit | +$64K |
| Total Assets | $236K |
| Total Liabilities | $78K |
| Net Assets | $157K |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 33.3% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2023, Leonardos Basement reported a surplus of $64K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 33.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leonardos Basement's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.6% | +14.7% | +33.0% |
| 2022 | -7.6% | +29.2% | -15.3% |
| 2021 | +52.1% | +8.6% | +92.7% |
| 2020 | -38.7% | -28.8% | +52.7% |
| 2019 | -16.6% | -17.6% | +66.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Leonardos Basement 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 Leonardos Basement 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 surplus of $64K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.3%.
Frequently Asked Questions about Leonardos Basement
Is Leonardos Basement a legitimate charity?
Leonardos Basement (EIN: 411911604) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $404K. No red flags identified. Financial health grade: A.
How does Leonardos Basement spend its money?
Leonardos Basement reported $404K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Leonardos Basement tax-deductible?
Leonardos Basement is registered as a tax-exempt nonprofit (EIN: 411911604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Leonardos Basement located?
Leonardos Basement is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411911604. It is classified under NTEE code P20.
How many years of IRS 990 filings does Leonardos Basement have?
Leonardos Basement 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 $404K in total revenue.
Filing History
IRS 990 filing history for Leonardos Basement showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leonardos Basement's revenue has grown by 46.1%, moving from $358K to $523K. Total assets increased by 405.9% over the same period, from $47K to $236K. Total functional expenses rose by 27.8%, from $360K to $459K. In its most recent filing year (2023), Leonardos Basement reported a surplus of $64K, with revenue exceeding expenses. The organization holds $78K in liabilities against $236K in assets (debt-to-asset ratio: 33.3%), resulting in net assets of $157K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $523K | $459K | $236K | $78K | — | — |
| 2022 | $365K | $401K | $177K | $84K | — | View 990 |
| 2021 | $395K | $310K | $209K | $80K | — | View 990 |
| 2020 | $260K | $286K | $108K | $64K | — | — |
| 2019 | $423K | $401K | $71K | $260 | — | View 990 |
| 2018 | $508K | $487K | $43K | $-5,792 | — | View 990 |
| 2017 | $647K | $556K | $47K | $19K | — | View 990 |
| 2016 | $463K | $613K | $10K | $73K | — | View 990 |
| 2015 | $444K | $415K | $87K | $0 | — | View 990 |
| 2014 | $320K | $322K | $57K | $0 | — | View 990 |
| 2013 | $363K | $354K | $59K | $683 | — | View 990 |
| 2012 | $358K | $352K | $50K | $0 | — | View 990 |
| 2011 | $358K | $360K | $47K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $523K, expenses of $459K, and assets of $236K (revenue +43.6% year-over-year).
- 2022: Revenue of $365K, expenses of $401K, and assets of $177K (revenue -7.6% year-over-year).
- 2021: Revenue of $395K, expenses of $310K, and assets of $209K (revenue +52.1% year-over-year).
- 2020: Revenue of $260K, expenses of $286K, and assets of $108K (revenue -38.7% year-over-year).
- 2019: Revenue of $423K, expenses of $401K, and assets of $71K (revenue -16.6% year-over-year).
- 2018: Revenue of $508K, expenses of $487K, and assets of $43K (revenue -21.6% year-over-year).
- 2017: Revenue of $647K, expenses of $556K, and assets of $47K (revenue +39.8% year-over-year).
- 2016: Revenue of $463K, expenses of $613K, and assets of $10K (revenue +4.2% year-over-year).
- 2015: Revenue of $444K, expenses of $415K, and assets of $87K (revenue +38.7% year-over-year).
- 2014: Revenue of $320K, expenses of $322K, and assets of $57K (revenue -11.8% year-over-year).
- 2013: Revenue of $363K, expenses of $354K, and assets of $59K (revenue +1.5% year-over-year).
- 2012: Revenue of $358K, expenses of $352K, and assets of $50K (revenue -0.1% year-over-year).
- 2011: Revenue of $358K, expenses of $360K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leonardos Basement:
Data Sources and Methodology
This transparency report for Leonardos Basement 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.