Longleaf Foundation
Longleaf Foundation consistently maintains low expenses and zero officer compensation, building substantial assets.
EIN: 204877706 · Wilmington, NC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $579K |
| Total Expenses | $72K |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is Longleaf Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Longleaf Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Longleaf Foundation
Longleaf Foundation (EIN: 204877706) is a nonprofit organization based in Wilmington, NC, classified under NTEE code T22. The organization reported total revenue of $579K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Longleaf Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Longleaf Foundation is a small 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 -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $402K |
| Total Expenses | $72K |
| Surplus / Deficit | +$330K |
| Total Assets | $1.2M |
| Total Liabilities | $7K |
| Net Assets | $1.2M |
| Operating Margin | 82.1% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 207.7 months |
Financial Health Grade: A
In 2023, Longleaf Foundation reported a surplus of $330K with revenue exceeding expenses, holds 207.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Longleaf Foundation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +110.7% | +37.1% |
| 2022 | +4.0% | -20.2% | +24.8% |
| 2021 | +1.7% | -35.3% | +29.7% |
| 2020 | -13.6% | -82.2% | +20.1% |
| 2019 | +5.6% | -39.4% | -48.7% |
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 Longleaf Foundation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Longleaf 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 $330K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Longleaf Foundation reports 0% officer compensation across all ten available filing periods, indicating that its leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly favorable for minimizing administrative overhead.
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 Longleaf Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data prevents precise program vs. admin ratio calculation.
Strengths
The following positive indicators were identified for Longleaf Foundation:
- Consistently low expenses relative to revenue, indicating high efficiency.
- Zero reported officer compensation across all filings, minimizing administrative overhead.
- Strong and consistent asset growth, demonstrating financial health and sustainability.
- Very low liabilities, indicating minimal debt and strong financial management.
- Consistent IRS 990 filing history, reflecting good transparency and compliance.
Frequently Asked Questions about Longleaf Foundation
Is Longleaf Foundation a legitimate charity?
Longleaf Foundation (EIN: 204877706) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $579K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Longleaf Foundation spend its money?
Longleaf Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Longleaf Foundation tax-deductible?
Longleaf Foundation is registered as a tax-exempt nonprofit (EIN: 204877706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Longleaf Foundation's spending goes to programs?
Longleaf Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Longleaf Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Longleaf Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Longleaf Foundation located?
Longleaf Foundation is headquartered in Wilmington, North Carolina and files with the IRS under EIN 204877706. It is classified under NTEE code T22.
How many years of IRS 990 filings does Longleaf Foundation have?
Longleaf Foundation 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 $579K in total revenue.
Is Longleaf Foundation financially stable?
Yes, Longleaf Foundation is highly financially stable, consistently reporting low expenses relative to revenue and accumulating significant assets, reaching $1,244,506 in 2023, with minimal liabilities.
Does Longleaf Foundation spend efficiently?
Yes, the organization demonstrates high spending efficiency, with expenses in recent years (e.g., $71,904 in 2023 against $401,644 revenue) being a small fraction of its income, suggesting a strong focus on retaining funds or direct program application.
Does Longleaf Foundation compensate its officers?
No, the IRS 990 filings consistently show 0% officer compensation, indicating that executive leadership is not directly compensated through this category.
How has Longleaf Foundation's asset base changed over time?
Longleaf Foundation's assets have shown significant growth in recent years, increasing from $561,240 in 2020 to $1,244,506 in 2023, demonstrating strong financial accumulation.
Filing History
IRS 990 filing history for Longleaf Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Longleaf Foundation's revenue has declined by 32.7%, moving from $596K to $402K. Total assets decreased by 36.8% over the same period, from $2.0M to $1.2M. Total functional expenses fell by 4.9%, from $76K to $72K. In its most recent filing year (2023), Longleaf Foundation reported a surplus of $330K, with revenue exceeding expenses. The organization holds $7K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $402K | $72K | $1.2M | $7K | — | — |
| 2022 | $380K | $34K | $908K | $1 | — | View 990 |
| 2021 | $365K | $43K | $728K | $1 | — | View 990 |
| 2020 | $359K | $66K | $561K | $1 | — | View 990 |
| 2019 | $416K | $372K | $467K | $1 | — | View 990 |
| 2015 | $394K | $614K | $911K | $3K | — | View 990 |
| 2014 | $366K | $119K | $1.2M | $3K | — | View 990 |
| 2013 | $308K | $818K | $1.0M | $5K | — | View 990 |
| 2012 | $317K | $95K | $1.9M | $3K | — | View 990 |
| 2011 | $596K | $76K | $2.0M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $402K, expenses of $72K, and assets of $1.2M (revenue +5.7% year-over-year).
- 2022: Revenue of $380K, expenses of $34K, and assets of $908K (revenue +4.0% year-over-year).
- 2021: Revenue of $365K, expenses of $43K, and assets of $728K (revenue +1.7% year-over-year).
- 2020: Revenue of $359K, expenses of $66K, and assets of $561K (revenue -13.6% year-over-year).
- 2019: Revenue of $416K, expenses of $372K, and assets of $467K (revenue +5.6% year-over-year).
- 2015: Revenue of $394K, expenses of $614K, and assets of $911K (revenue +7.7% year-over-year).
- 2014: Revenue of $366K, expenses of $119K, and assets of $1.2M (revenue +18.6% year-over-year).
- 2013: Revenue of $308K, expenses of $818K, and assets of $1.0M (revenue -2.6% year-over-year).
- 2012: Revenue of $317K, expenses of $95K, and assets of $1.9M (revenue -46.9% year-over-year).
- 2011: Revenue of $596K, expenses of $76K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Longleaf Foundation:
Data Sources and Methodology
This transparency report for Longleaf 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.