Levey Day School
Levey Day School frequently operates at a deficit with fluctuating assets and increasing liabilities.
EIN: 10285528 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $625K |
| Total Expenses | $577K |
| Program Spending | 80% |
| Net Assets | $-189,850 |
| Transparency Score | 65/100 |
Is Levey Day School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Levey Day School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Levey Day School
Levey Day School (EIN: 10285528) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $625K and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Levey Day School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Levey Day School is a small nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $456K |
| Total Expenses | $577K |
| Surplus / Deficit | $-120,840 |
| Total Assets | $98K |
| Total Liabilities | $288K |
| Net Assets | $-189,850 |
| Operating Margin | -26.5% |
| Debt-to-Asset Ratio | 293.0% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2024, Levey Day School reported a deficit of $121K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 293.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Levey Day School's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -10.5% | +3.2% | -18.3% |
| 2023 | +2.6% | -10.5% | +223.3% |
| 2022 | -20.4% | +34.4% | -74.5% |
| 2021 | +73.5% | +22.3% | +110.3% |
| 2020 | +28.3% | -2.5% | +182.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1969 |
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 Levey Day School with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Levey Day School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $121K, with expenses exceeding revenue.
- Debt-to-asset ratio: 293.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that leadership roles may be voluntary or compensated through non-officer channels, which is a positive indicator for efficient use of funds relative to the organization's size.
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 Levey Day School's IRS 990 filings:
- Frequent operational deficits (e.g., $120,840 in 2024, $49,697 in 2023)
- Significant liabilities relative to assets ($288,212 liabilities vs. $98,362 assets in 2024)
- Volatile asset base, indicating potential instability or significant capital expenditures/disposals
- Lack of detailed spending breakdown (programs, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Levey Day School:
- Consistent reporting of 0% officer compensation, indicating potential volunteer leadership or efficient use of funds for executive roles
- Long operating history with 14 filings, suggesting resilience despite financial fluctuations
- Ability to continue operations despite recurring deficits, implying effective fundraising or donor support
Frequently Asked Questions about Levey Day School
Is Levey Day School a legitimate charity?
Based on AI analysis of IRS 990 filings, Levey Day School (EIN: 10285528) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Levey Day School spend its money?
Levey Day School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Levey Day School tax-deductible?
Levey Day School is registered as a tax-exempt nonprofit (EIN: 10285528). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Levey Day School's spending goes to programs?
Levey Day School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Levey Day School located?
Levey Day School is headquartered in Portland, Maine and files with the IRS under EIN 10285528.
How many years of IRS 990 filings does Levey Day School have?
Levey Day School has 14 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 $625K in total revenue.
How does Levey Day School cover its operational deficits, such as the $120,840 deficit in 2024 (Expenses $576,897 - Revenue $456,057)?
The provided data indicates that expenses frequently exceed revenue. This could be covered by drawing down on prior year reserves, receiving restricted grants not fully reflected in annual revenue, or through other financing activities. The significant liabilities reported, such as $288,212 in 2024, suggest potential borrowing or deferred payments.
What is the nature of the significant liabilities, such as $288,212 in 2024, especially given the relatively low asset base of $98,362?
The high liabilities relative to assets indicate a negative net asset position. These liabilities could include mortgages, loans, accounts payable, or deferred revenue. A detailed look at the full IRS 990 filing would be necessary to understand the composition and terms of these obligations.
What is the long-term strategy for financial sustainability given the recurring pattern of expenses exceeding revenue?
The recurring deficits suggest a need for a robust financial strategy to ensure long-term viability. This could involve increasing fundraising efforts, optimizing operational costs, or securing more stable and substantial funding sources to align revenue with expenses.
Filing History
IRS 990 filing history for Levey Day School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Levey Day School's revenue has grown by 98.8%, moving from $229K to $456K. Total assets increased by 42% over the same period, from $69K to $98K. Total functional expenses rose by 82%, from $317K to $577K. In its most recent filing year (2024), Levey Day School reported a deficit of $121K, with expenses exceeding revenue. The organization holds $288K in liabilities against $98K in assets (debt-to-asset ratio: 293.0%), resulting in net assets of $-189,850.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $456K | $577K | $98K | $288K | — | — |
| 2023 | $509K | $559K | $120K | $189K | — | View 990 |
| 2022 | $496K | $625K | $37K | $56K | — | View 990 |
| 2021 | $623K | $465K | $146K | $36K | — | View 990 |
| 2020 | $359K | $380K | $70K | $93K | — | View 990 |
| 2019 | $280K | $390K | $25K | $27K | — | View 990 |
| 2018 | $427K | $339K | $251K | $144K | — | View 990 |
| 2017 | $364K | $333K | $185K | $166K | — | View 990 |
| 2016 | $338K | $354K | $174K | $186K | — | View 990 |
| 2015 | $379K | $373K | $34K | $29K | — | View 990 |
| 2014 | $366K | $367K | $33K | $35K | — | View 990 |
| 2013 | $327K | $352K | $43K | $44K | — | View 990 |
| 2012 | $285K | $317K | $42K | $18K | — | View 990 |
| 2011 | $229K | $317K | $69K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $456K, expenses of $577K, and assets of $98K (revenue -10.5% year-over-year).
- 2023: Revenue of $509K, expenses of $559K, and assets of $120K (revenue +2.6% year-over-year).
- 2022: Revenue of $496K, expenses of $625K, and assets of $37K (revenue -20.4% year-over-year).
- 2021: Revenue of $623K, expenses of $465K, and assets of $146K (revenue +73.5% year-over-year).
- 2020: Revenue of $359K, expenses of $380K, and assets of $70K (revenue +28.3% year-over-year).
- 2019: Revenue of $280K, expenses of $390K, and assets of $25K (revenue -34.4% year-over-year).
- 2018: Revenue of $427K, expenses of $339K, and assets of $251K (revenue +17.2% year-over-year).
- 2017: Revenue of $364K, expenses of $333K, and assets of $185K (revenue +7.8% year-over-year).
- 2016: Revenue of $338K, expenses of $354K, and assets of $174K (revenue -10.8% year-over-year).
- 2015: Revenue of $379K, expenses of $373K, and assets of $34K (revenue +3.4% year-over-year).
- 2014: Revenue of $366K, expenses of $367K, and assets of $33K (revenue +12.0% year-over-year).
- 2013: Revenue of $327K, expenses of $352K, and assets of $43K (revenue +14.5% year-over-year).
- 2012: Revenue of $285K, expenses of $317K, and assets of $42K (revenue +24.4% year-over-year).
- 2011: Revenue of $229K, expenses of $317K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Levey Day School:
Data Sources and Methodology
This transparency report for Levey Day School 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.