Leupold Foundation
Leupold Foundation shows consistent asset growth and zero reported officer compensation, with fluctuating but generally strong revenue.
EIN: 204804026 · Colfax, NC · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $260K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is Leupold Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leupold Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leupold Foundation
Leupold Foundation (EIN: 204804026) is a nonprofit organization based in Colfax, NC, classified under NTEE code B99. The organization reported total revenue of $248K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leupold Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leupold Foundation is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $264K |
| Total Expenses | $260K |
| Surplus / Deficit | +$4K |
| Total Assets | $1.7M |
| Total Liabilities | $34K |
| Net Assets | $1.6M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 77.4 months |
Financial Health Grade: A
In 2023, Leupold Foundation reported a surplus of $4K with revenue exceeding expenses, holds 77.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), Leupold Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.6% | +7.4% | +1.0% |
| 2022 | +275.6% | +4.5% | +84.5% |
| 2021 | +3.4% | +16.5% | +5.3% |
| 2020 | +198.3% | +3559.9% | +8.1% |
| 2019 | +91.6% | -34.3% | +11.4% |
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 Leupold Foundation with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Leupold Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
The Leupold Foundation consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with assets exceeding $1.6 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 Leupold Foundation's IRS 990 filings:
- Significant year-over-year revenue fluctuations without clear explanation in provided data (e.g., $998,869 in 2022 vs. $263,944 in 2023).
Strengths
The following positive indicators were identified for Leupold Foundation:
- Consistent asset growth, increasing from $446,193 in 2013 to $1,678,493 in 2023.
- Zero reported officer compensation across all 11 filings, indicating strong commitment to mission-focused spending.
- Low liabilities relative to assets, demonstrating strong financial stability (e.g., $33,803 liabilities vs. $1,678,493 assets in 2023).
- Expenses generally well-controlled and significantly lower than revenue in most years, contributing to asset accumulation.
Frequently Asked Questions about Leupold Foundation
Is Leupold Foundation a legitimate charity?
Leupold Foundation (EIN: 204804026) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $248K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Leupold Foundation spend its money?
Leupold Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leupold Foundation tax-deductible?
Leupold Foundation is registered as a tax-exempt nonprofit (EIN: 204804026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Leupold Foundation CEO make?
Leupold Foundation's highest-compensated officer earns $1.6 annually. The organization reported $248K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Leupold Foundation's spending goes to programs?
Leupold Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leupold Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Leupold Foundation is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leupold Foundation located?
Leupold Foundation is headquartered in Colfax, North Carolina and files with the IRS under EIN 204804026. It is classified under NTEE code B99.
How many years of IRS 990 filings does Leupold Foundation have?
Leupold Foundation has 11 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 $248K in total revenue.
Is Leupold Foundation a good charity?
Based on the provided financial data, the Leupold Foundation appears to be a well-managed organization. It demonstrates consistent asset growth, low liabilities, and a strong commitment to not paying officer compensation, which are all positive indicators of financial health and donor trust. However, without detailed program spending information, a full assessment of its direct impact is limited.
How has the Leupold Foundation's financial health changed over time?
The foundation's financial health has significantly improved over time, with assets growing from $446,193 in 2013 to $1,678,493 in 2023. While revenue has been volatile, particularly the large spike in 2022, expenses have generally been well-controlled, leading to consistent net asset growth.
What is the Leupold Foundation's approach to executive compensation?
The Leupold Foundation reports 0% officer compensation in all available IRS 990 filings, suggesting a strong commitment to minimizing administrative overhead and potentially relying on volunteer leadership or other non-officer compensation structures.
Are there any concerns regarding the Leupold Foundation's liabilities?
No, the Leupold Foundation's liabilities are consistently low relative to its assets. For example, in 2023, liabilities were $33,803 against assets of $1,678,493, indicating a very healthy balance sheet and minimal financial risk.
Filing History
IRS 990 filing history for Leupold Foundation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Leupold Foundation's revenue has declined by 24.1%, moving from $348K to $264K. Total assets increased by 338.9% over the same period, from $382K to $1.7M. Total functional expenses rose by 6675.1%, from $4K to $260K. In its most recent filing year (2023), Leupold Foundation reported a surplus of $4K, with revenue exceeding expenses. The organization holds $34K in liabilities against $1.7M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $264K | $260K | $1.7M | $34K | — | — |
| 2022 | $999K | $242K | $1.7M | $21K | — | View 990 |
| 2021 | $266K | $232K | $901K | $17K | — | View 990 |
| 2020 | $257K | $199K | $855K | $6K | — | — |
| 2019 | $86K | $5K | $791K | $0 | — | View 990 |
| 2018 | $45K | $8K | $711K | $0 | — | View 990 |
| 2017 | $68K | $10K | $674K | $0 | — | View 990 |
| 2016 | $143K | $11K | $616K | $0 | — | View 990 |
| 2015 | $142K | $7K | $484K | $0 | — | View 990 |
| 2013 | $75K | $11K | $446K | $0 | — | View 990 |
| 2012 | $348K | $4K | $382K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $264K, expenses of $260K, and assets of $1.7M (revenue -73.6% year-over-year).
- 2022: Revenue of $999K, expenses of $242K, and assets of $1.7M (revenue +275.6% year-over-year).
- 2021: Revenue of $266K, expenses of $232K, and assets of $901K (revenue +3.4% year-over-year).
- 2020: Revenue of $257K, expenses of $199K, and assets of $855K (revenue +198.3% year-over-year).
- 2019: Revenue of $86K, expenses of $5K, and assets of $791K (revenue +91.6% year-over-year).
- 2018: Revenue of $45K, expenses of $8K, and assets of $711K (revenue -33.9% year-over-year).
- 2017: Revenue of $68K, expenses of $10K, and assets of $674K (revenue -52.3% year-over-year).
- 2016: Revenue of $143K, expenses of $11K, and assets of $616K (revenue +0.5% year-over-year).
- 2015: Revenue of $142K, expenses of $7K, and assets of $484K (revenue +90.5% year-over-year).
- 2013: Revenue of $75K, expenses of $11K, and assets of $446K (revenue -78.6% year-over-year).
- 2012: Revenue of $348K, expenses of $4K, and assets of $382K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leupold Foundation:
Data Sources and Methodology
This transparency report for Leupold Foundation 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.