Mark W Leinone And Patrica S Leinonen Charitable Foundation
Mark W Leinone And Patrica S Leinonen Charitable Foundation's assets have steadily declined over the past decade due to expenses exceeding revenue.
EIN: 201768092 · Scarborough, ME · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $8K |
| Program Spending | 90% |
| Net Assets | $42K |
| Transparency Score | 65/100 |
Is Mark W Leinone And Patrica S Leinonen Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mark W Leinone And Patrica S Leinonen Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mark W Leinone And Patrica S Leinonen Charitable Foundation
Mark W Leinone And Patrica S Leinonen Charitable Foundation (EIN: 201768092) is a nonprofit organization based in Scarborough, ME, classified under NTEE code T22. The organization reported total revenue of $2K and total assets of $37K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mark W Leinone And Patrica S Leinonen Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mark W Leinone And Patrica S Leinonen Charitable Foundation is a micro nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $8K |
| Surplus / Deficit | $-4,974 |
| Total Assets | $42K |
| Total Liabilities | $1 |
| Net Assets | $42K |
| Operating Margin | -194.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 66.6 months |
Financial Health Grade: B
In 2023, Mark W Leinone And Patrica S Leinonen Charitable Foundation reported a deficit of $5K with expenses exceeding revenue, holds 66.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Mark W Leinone And Patrica S Leinonen Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.7% | -37.7% | -10.6% |
| 2022 | -87.4% | +41.7% | -18.0% |
| 2021 | +121.4% | +70.7% | -31.8% |
| 2020 | -26.0% | +2.5% | +1.8% |
| 2019 | +63.2% | -61.8% | -12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Mark W Leinone And Patrica S Leinonen Charitable Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mark W Leinone And Patrica S Leinonen Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is a positive sign for a small charitable foundation.
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 Mark W Leinone And Patrica S Leinonen Charitable Foundation's IRS 990 filings:
- Consistent decline in assets over the past decade, indicating expenses frequently exceed revenue.
- Expenses significantly outpace revenue in recent years (e.g., 2023 expenses $7,526 vs. revenue $2,552; 2022 expenses $12,086 vs. revenue $1,801).
Strengths
The following positive indicators were identified for Mark W Leinone And Patrica S Leinonen Charitable Foundation:
- Zero officer compensation reported across all filings, indicating efficient use of funds for charitable purposes.
- Minimal liabilities reported, suggesting a stable and uncomplicated financial structure.
Frequently Asked Questions about Mark W Leinone And Patrica S Leinonen Charitable Foundation
Is Mark W Leinone And Patrica S Leinonen Charitable Foundation a legitimate charity?
Mark W Leinone And Patrica S Leinonen Charitable Foundation (EIN: 201768092) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $2K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Mark W Leinone And Patrica S Leinonen Charitable Foundation spend its money?
Mark W Leinone And Patrica S Leinonen Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mark W Leinone And Patrica S Leinonen Charitable Foundation tax-deductible?
Mark W Leinone And Patrica S Leinonen Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 201768092). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mark W Leinone And Patrica S Leinonen Charitable Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mark W Leinone And Patrica S Leinonen Charitable 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 Mark W Leinone And Patrica S Leinonen Charitable Foundation located?
Mark W Leinone And Patrica S Leinonen Charitable Foundation is headquartered in Scarborough, Maine and files with the IRS under EIN 201768092. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mark W Leinone And Patrica S Leinonen Charitable Foundation have?
Mark W Leinone And Patrica S Leinonen Charitable Foundation has 9 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 $2K in total revenue.
What specific programs or organizations does the foundation support?
The provided data does not detail the specific programs or recipient organizations of the Mark W Leinone And Patrica S Leinonen Charitable Foundation's grants. Further investigation of the full 990-PF filings would be required to identify its beneficiaries.
Is the foundation's asset decline sustainable?
The consistent decline in assets, from $148,102 in 2011 to $41,755 in 2023, suggests that the foundation is operating by distributing its principal. This trend is not sustainable indefinitely without new significant contributions or improved investment returns.
What is the primary source of the foundation's revenue?
The provided data only shows 'Revenue' without specifying its source (e.g., investment income, contributions). For a private foundation, revenue typically comes from investment returns or contributions from the founders/donors.
Filing History
IRS 990 filing history for Mark W Leinone And Patrica S Leinonen Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Mark W Leinone And Patrica S Leinonen Charitable Foundation's revenue has declined by 68.4%, moving from $8K to $3K. Total assets decreased by 71.8% over the same period, from $148K to $42K. Total functional expenses fell by 65.1%, from $22K to $8K. In its most recent filing year (2023), Mark W Leinone And Patrica S Leinonen Charitable Foundation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $42K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $42K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $8K | $42K | $1 | — | — |
| 2022 | $2K | $12K | $47K | $1 | — | View 990 |
| 2021 | $14K | $9K | $57K | $1 | — | — |
| 2020 | $6K | $5K | $84K | $1 | — | View 990 |
| 2019 | $9K | $5K | $82K | $1 | — | — |
| 2015 | $5K | $13K | $94K | $1 | — | View 990 |
| 2014 | $8K | $12K | $106K | $0 | — | View 990 |
| 2012 | $4K | $20K | $132K | $0 | — | View 990 |
| 2011 | $8K | $22K | $148K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $8K, and assets of $42K (revenue +41.7% year-over-year).
- 2022: Revenue of $2K, expenses of $12K, and assets of $47K (revenue -87.4% year-over-year).
- 2021: Revenue of $14K, expenses of $9K, and assets of $57K (revenue +121.4% year-over-year).
- 2020: Revenue of $6K, expenses of $5K, and assets of $84K (revenue -26.0% year-over-year).
- 2019: Revenue of $9K, expenses of $5K, and assets of $82K (revenue +63.2% year-over-year).
- 2015: Revenue of $5K, expenses of $13K, and assets of $94K (revenue -35.2% year-over-year).
- 2014: Revenue of $8K, expenses of $12K, and assets of $106K (revenue +93.1% year-over-year).
- 2012: Revenue of $4K, expenses of $20K, and assets of $132K (revenue -46.9% year-over-year).
- 2011: Revenue of $8K, expenses of $22K, and assets of $148K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mark W Leinone And Patrica S Leinonen Charitable Foundation:
Data Sources and Methodology
This transparency report for Mark W Leinone And Patrica S Leinonen Charitable 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.