Mortimer And Mimi Levitt Foundation Inc
Mortimer And Mimi Levitt Foundation maintains substantial assets despite fluctuating revenues and zero officer compensation.
EIN: 136204678 · Los Angeles, CA · Updated: 2026-03-28
Is Mortimer And Mimi Levitt Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mortimer And Mimi Levitt Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mortimer And Mimi Levitt Foundation Inc
Mortimer And Mimi Levitt Foundation Inc (EIN: 136204678) is a nonprofit organization based in Los Angeles, CA. The organization reported total revenue of $17.4M and total assets of $199.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mortimer And Mimi Levitt Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mortimer And Mimi Levitt Foundation Inc is a large nonprofit that has been operating for 60 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $8.6M |
| Surplus / Deficit | $-5,517,765 |
| Total Assets | $169.8M |
| Total Liabilities | $5.3M |
| Net Assets | $164.5M |
| Operating Margin | -181.5% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 238.0 months |
Financial Health Grade: B
In 2023, Mortimer And Mimi Levitt Foundation Inc reported a deficit of $5.5M with expenses exceeding revenue, holds 238.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2023), Mortimer And Mimi Levitt Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.3% | +23.4% | -2.9% |
| 2022 | -84.1% | +31.8% | -3.8% |
| 2021 | -88.8% | +8.8% | +5.8% |
| 2020 | +3148.7% | -20.2% | +314.5% |
| 2019 | +27.5% | +24.8% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Mortimer And Mimi Levitt Foundation Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mortimer And Mimi Levitt Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $5.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for directing resources to its mission.
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 Mortimer And Mimi Levitt Foundation Inc's IRS 990 filings:
- Significant year-over-year revenue volatility, which could impact consistent program planning if not managed by a strong endowment.
Strengths
The following positive indicators were identified for Mortimer And Mimi Levitt Foundation Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Substantial and growing asset base ($199,275,145) providing long-term financial stability.
- Strong program spending ratio, directing the vast majority of expenses to charitable activities.
- Low liabilities relative to assets, indicating sound financial management.
Frequently Asked Questions about Mortimer And Mimi Levitt Foundation Inc
Is Mortimer And Mimi Levitt Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mortimer And Mimi Levitt Foundation Inc (EIN: 136204678) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Mortimer And Mimi Levitt Foundation Inc spend its money?
Mortimer And Mimi Levitt Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mortimer And Mimi Levitt Foundation Inc tax-deductible?
Mortimer And Mimi Levitt Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136204678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Mortimer And Mimi Levitt Foundation Inc a good charity?
Based on the available IRS 990 data, the Mortimer And Mimi Levitt Foundation Inc appears to be a very good charity. It consistently reports 0% officer compensation, has a substantial asset base of $199,275,145, and directs a high percentage of its expenses towards program services.
How does the foundation manage its assets?
The foundation has maintained a significant and growing asset base, reaching $199,275,145, even with fluctuating annual revenues. This suggests effective long-term investment and asset management strategies.
What is the trend in the foundation's revenue?
The foundation's revenue has shown significant volatility, with a peak of $131,125,070 in 202012, followed by lower figures like $3,040,839 in 202312. This indicates that its funding sources may vary considerably year-to-year.
Filing History
IRS 990 filing history for Mortimer And Mimi Levitt Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Mortimer And Mimi Levitt Foundation Inc's revenue has grown by 93.7%, moving from $1.6M to $3.0M. Total assets increased by 257.9% over the same period, from $47.4M to $169.8M. Total functional expenses rose by 137.8%, from $3.6M to $8.6M. In its most recent filing year (2023), Mortimer And Mimi Levitt Foundation Inc reported a deficit of $5.5M, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $169.8M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $164.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $8.6M | $169.8M | $5.3M | — | — |
| 2022 | $2.3M | $6.9M | $174.8M | $5.6M | — | View 990 |
| 2021 | $14.7M | $5.3M | $181.7M | $230K | — | View 990 |
| 2020 | $131.1M | $4.8M | $171.7M | $433K | — | View 990 |
| 2019 | $4.0M | $6.1M | $41.4M | $261K | — | View 990 |
| 2015 | $3.2M | $4.9M | $40.6M | $120K | — | View 990 |
| 2014 | $4.0M | $4.2M | $42.2M | $57K | — | View 990 |
| 2014 | $2.8M | $5.2M | $42.4M | $43K | — | View 990 |
| 2013 | $6.2M | $4.4M | $44.8M | $85K | — | View 990 |
| 2012 | $2.5M | $4.9M | $43.3M | $472K | — | View 990 |
| 2011 | $2.6M | $4.8M | $45.2M | $8K | — | View 990 |
| 2010 | $1.6M | $3.6M | $47.4M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $8.6M, and assets of $169.8M (revenue +30.3% year-over-year).
- 2022: Revenue of $2.3M, expenses of $6.9M, and assets of $174.8M (revenue -84.1% year-over-year).
- 2021: Revenue of $14.7M, expenses of $5.3M, and assets of $181.7M (revenue -88.8% year-over-year).
- 2020: Revenue of $131.1M, expenses of $4.8M, and assets of $171.7M (revenue +3148.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $6.1M, and assets of $41.4M (revenue +27.5% year-over-year).
- 2015: Revenue of $3.2M, expenses of $4.9M, and assets of $40.6M (revenue -20.8% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.2M, and assets of $42.2M (revenue +43.3% year-over-year).
- 2014: Revenue of $2.8M, expenses of $5.2M, and assets of $42.4M (revenue -55.3% year-over-year).
- 2013: Revenue of $6.2M, expenses of $4.4M, and assets of $44.8M (revenue +148.2% year-over-year).
- 2012: Revenue of $2.5M, expenses of $4.9M, and assets of $43.3M (revenue -3.1% year-over-year).
- 2011: Revenue of $2.6M, expenses of $4.8M, and assets of $45.2M (revenue +65.4% year-over-year).
- 2010: Revenue of $1.6M, expenses of $3.6M, and assets of $47.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mortimer And Mimi Levitt Foundation Inc:
Data Sources and Methodology
This transparency report for Mortimer And Mimi Levitt Foundation Inc 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.