Michael And Jacalyn Leavitt Foundation
Michael And Jacalyn Leavitt Foundation consistently grows assets with zero officer compensation.
EIN: 202361058 · Cedar City, UT · NTEE: T200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $89K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.1M |
| Transparency Score | 95/100 |
Is Michael And Jacalyn Leavitt Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michael And Jacalyn Leavitt Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Michael And Jacalyn Leavitt Foundation
Michael And Jacalyn Leavitt Foundation (EIN: 202361058) is a nonprofit organization based in Cedar City, UT, classified under NTEE code T200. The organization reported total revenue of $1.2M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michael And Jacalyn Leavitt Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michael And Jacalyn Leavitt Foundation is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $416K |
| Total Expenses | $89K |
| Surplus / Deficit | +$328K |
| Total Assets | $3.1M |
| Total Liabilities | $556 |
| Net Assets | $3.1M |
| Operating Margin | 78.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 414.9 months |
Financial Health Grade: A
In 2023, Michael And Jacalyn Leavitt Foundation reported a surplus of $328K with revenue exceeding expenses, holds 414.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Michael And Jacalyn Leavitt Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +225.3% | -27.9% | +14.1% |
| 2022 | +17.3% | +95.1% | +0.2% |
| 2021 | +19.0% | +472.1% | +1.5% |
| 2020 | +8.3% | -86.1% | +7.4% |
| 2019 | -82.8% | -83.3% | +95.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Michael And Jacalyn Leavitt Foundation with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Michael And Jacalyn Leavitt 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 surplus of $328K, with revenue exceeding expenses.
- 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 highly unusual for an organization with assets exceeding $3 million and annual revenues often in the hundreds of thousands.
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 Michael And Jacalyn Leavitt Foundation's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program vs. administrative spending beyond officer compensation.
Strengths
The following positive indicators were identified for Michael And Jacalyn Leavitt Foundation:
- Consistent asset growth, reaching $3,063,242 in 2023.
- Extremely low liabilities, indicating strong financial stability.
- 0% officer compensation reported across all filings, demonstrating high efficiency and dedication to mission.
- Significant revenue generation, with latest reported revenue at $416,253 in 2023.
- Strong financial health with a substantial reserve of assets relative to annual expenses.
Frequently Asked Questions about Michael And Jacalyn Leavitt Foundation
Is Michael And Jacalyn Leavitt Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michael And Jacalyn Leavitt Foundation (EIN: 202361058) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Michael And Jacalyn Leavitt Foundation spend its money?
Michael And Jacalyn Leavitt Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michael And Jacalyn Leavitt Foundation tax-deductible?
Michael And Jacalyn Leavitt Foundation is registered as a tax-exempt nonprofit (EIN: 202361058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Michael And Jacalyn Leavitt Foundation CEO make?
Michael And Jacalyn Leavitt Foundation's highest-compensated officer earns $3 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Michael And Jacalyn Leavitt Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Michael And Jacalyn Leavitt Foundation is above average for NTEE category T200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michael And Jacalyn Leavitt Foundation located?
Michael And Jacalyn Leavitt Foundation is headquartered in Cedar City, Utah and files with the IRS under EIN 202361058. It is classified under NTEE code T200.
How many years of IRS 990 filings does Michael And Jacalyn Leavitt Foundation have?
Michael And Jacalyn Leavitt 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 $1.2M in total revenue.
Is the Michael And Jacalyn Leavitt Foundation a good charity?
Based on its financial data, the foundation appears to be a very good charity. It consistently grows its assets, maintains extremely low liabilities, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How does the foundation manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the foundation is either entirely volunteer-run at the executive level or that any administrative costs are covered through other means not classified as officer compensation, potentially by a supporting organization or through in-kind donations.
What is the trend in the foundation's assets?
The foundation's assets have shown a strong upward trend, growing from $1,291,669 in 2011 to $3,063,242 in 2023, indicating effective asset management and accumulation over time.
Filing History
IRS 990 filing history for Michael And Jacalyn Leavitt Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Michael And Jacalyn Leavitt Foundation's revenue has grown by 177.6%, moving from $150K to $416K. Total assets increased by 137.2% over the same period, from $1.3M to $3.1M. Total functional expenses fell by 40.2%, from $148K to $89K. In its most recent filing year (2023), Michael And Jacalyn Leavitt Foundation reported a surplus of $328K, with revenue exceeding expenses. The organization holds $556 in liabilities against $3.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $416K | $89K | $3.1M | $556 | — | — |
| 2022 | $128K | $123K | $2.7M | $449 | — | View 990 |
| 2021 | $109K | $63K | $2.7M | $300 | — | View 990 |
| 2020 | $92K | $11K | $2.6M | $1 | — | View 990 |
| 2019 | $85K | $79K | $2.5M | $1 | — | — |
| 2015 | $492K | $474K | $1.3M | $581 | — | View 990 |
| 2014 | $155K | $164K | $1.2M | $45 | — | View 990 |
| 2013 | $188K | $174K | $1.2M | $45 | — | View 990 |
| 2012 | $76K | $86K | $1.2M | $45 | — | View 990 |
| 2011 | $150K | $148K | $1.3M | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $416K, expenses of $89K, and assets of $3.1M (revenue +225.3% year-over-year).
- 2022: Revenue of $128K, expenses of $123K, and assets of $2.7M (revenue +17.3% year-over-year).
- 2021: Revenue of $109K, expenses of $63K, and assets of $2.7M (revenue +19.0% year-over-year).
- 2020: Revenue of $92K, expenses of $11K, and assets of $2.6M (revenue +8.3% year-over-year).
- 2019: Revenue of $85K, expenses of $79K, and assets of $2.5M (revenue -82.8% year-over-year).
- 2015: Revenue of $492K, expenses of $474K, and assets of $1.3M (revenue +218.1% year-over-year).
- 2014: Revenue of $155K, expenses of $164K, and assets of $1.2M (revenue -17.6% year-over-year).
- 2013: Revenue of $188K, expenses of $174K, and assets of $1.2M (revenue +146.7% year-over-year).
- 2012: Revenue of $76K, expenses of $86K, and assets of $1.2M (revenue -49.3% year-over-year).
- 2011: Revenue of $150K, expenses of $148K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michael And Jacalyn Leavitt Foundation:
Data Sources and Methodology
This transparency report for Michael And Jacalyn Leavitt 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.