Porter Leath Early Childhood Foundation
Porter Leath Early Childhood Foundation shows significant asset growth and zero executive compensation amidst volatile annual revenues and expenses.
EIN: 201045305 · Memphis, TN · NTEE: T193 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $157K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5,288,114 |
| Net Assets | $4.5M |
| Transparency Score | 85/100 |
Is Porter Leath Early Childhood Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Porter Leath Early Childhood Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Porter Leath Early Childhood Foundation
Porter Leath Early Childhood Foundation (EIN: 201045305) is a nonprofit organization based in Memphis, TN, classified under NTEE code T193. The organization reported total revenue of $261K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Porter Leath Early Childhood Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Porter Leath Early Childhood Foundation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $157K |
| Surplus / Deficit | $-29,015 |
| Total Assets | $4.5M |
| Total Liabilities | $975 |
| Net Assets | $4.5M |
| Operating Margin | -22.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 341.8 months |
Financial Health Grade: B
In 2023, Porter Leath Early Childhood Foundation reported a deficit of $29K with expenses exceeding revenue, holds 341.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Porter Leath Early Childhood Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.7% | -63.6% | +0.2% |
| 2022 | +51.6% | +39.8% | -8.9% |
| 2021 | +188.1% | +37.5% | +27.6% |
| 2020 | -73.1% | -55.3% | -11.4% |
| 2019 | -72.6% | +612.1% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Porter Leath Early Childhood Foundation with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Porter Leath Early Childhood Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly commendable for an organization of its asset size ($5,288,114).
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 Porter Leath Early Childhood Foundation's IRS 990 filings:
- Highly volatile revenue and expense patterns, making financial forecasting and stability assessment challenging.
- Sudden appearance of $975,000 in liabilities in the latest filing (202304) after years of reporting $0 liabilities.
- Expenses exceeding revenue in the latest filing (202304), indicating an operating deficit for that period.
Strengths
The following positive indicators were identified for Porter Leath Early Childhood Foundation:
- Consistent 0% officer compensation across all filings, demonstrating a strong commitment to directing funds to mission.
- Significant and consistent growth in total assets over the past decade, indicating long-term financial accumulation.
- Strong asset base ($5,288,114) relative to recent annual revenues, providing a buffer for operations.
Frequently Asked Questions about Porter Leath Early Childhood Foundation
Is Porter Leath Early Childhood Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Porter Leath Early Childhood Foundation (EIN: 201045305) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Porter Leath Early Childhood Foundation spend its money?
Porter Leath Early Childhood Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Porter Leath Early Childhood Foundation tax-deductible?
Porter Leath Early Childhood Foundation is registered as a tax-exempt nonprofit (EIN: 201045305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Porter Leath Early Childhood Foundation CEO make?
Porter Leath Early Childhood Foundation's highest-compensated officer earns $5,288,114 annually. The organization reported $261K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Porter Leath Early Childhood Foundation's spending goes to programs?
Porter Leath Early Childhood Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Porter Leath Early Childhood Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Porter Leath Early Childhood Foundation is above average for NTEE category T193 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Porter Leath Early Childhood Foundation located?
Porter Leath Early Childhood Foundation is headquartered in Memphis, Tennessee and files with the IRS under EIN 201045305. It is classified under NTEE code T193.
How many years of IRS 990 filings does Porter Leath Early Childhood Foundation have?
Porter Leath Early Childhood Foundation has 13 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 $261K in total revenue.
What caused the significant revenue spike in 201804 ($2,297,362) and the subsequent low expenses ($70,625)?
The provided data does not specify the source of this large revenue or the reason for the unusually low expenses in that period. This could indicate a major one-time grant, a large capital campaign, or a significant investment gain, but without further detail, it remains an anomaly.
What is the nature of the $975,000 in liabilities reported in 202304, given that previous filings showed $0 liabilities?
The sudden appearance of substantial liabilities in the most recent filing is a significant change from prior years. This could represent a new loan, a large payable, or a deferred revenue obligation. Understanding its nature is crucial for assessing current financial risk.
How does the organization manage its expenses given the wide fluctuations in annual revenue?
The organization's ability to maintain operations despite highly variable revenue suggests either a flexible expense structure, reliance on reserves, or significant non-operating income. Further analysis of detailed expense categories would be needed to understand this dynamic.
What is the primary source of the organization's asset growth from $2.04M in 2014 to $5.28M currently?
While annual revenues fluctuate, the consistent growth in assets suggests either consistent surpluses (even if small), significant investment returns, or large capital contributions not fully reflected in annual operating revenue figures. The 201804 period with high revenue and low expenses likely contributed significantly to this growth.
Filing History
IRS 990 filing history for Porter Leath Early Childhood Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Porter Leath Early Childhood Foundation's revenue has grown by 67.6%, moving from $77K to $128K. Total assets increased by 132.7% over the same period, from $1.9M to $4.5M. Total functional expenses rose by 0.3%, from $157K to $157K. In its most recent filing year (2023), Porter Leath Early Childhood Foundation reported a deficit of $29K, with expenses exceeding revenue. The organization holds $975 in liabilities against $4.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $157K | $4.5M | $975 | — | View 990 |
| 2022 | $740K | $433K | $4.5M | $0 | — | View 990 |
| 2021 | $488K | $309K | $4.9M | $0 | — | View 990 |
| 2020 | $169K | $225K | $3.8M | $0 | — | View 990 |
| 2019 | $629K | $503K | $4.3M | $0 | — | View 990 |
| 2018 | $2.3M | $71K | $4.4M | $0 | — | View 990 |
| 2017 | $140K | $192K | $2.1M | $0 | — | View 990 |
| 2016 | $289K | $110K | $2.0M | $0 | — | View 990 |
| 2015 | $286K | $94K | $2.1M | $0 | — | View 990 |
| 2014 | $196K | $92K | $2.0M | $0 | — | View 990 |
| 2013 | $136K | $70K | $1.8M | $0 | — | View 990 |
| 2012 | $80K | $271K | $1.6M | $0 | — | View 990 |
| 2011 | $77K | $157K | $1.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $157K, and assets of $4.5M (revenue -82.7% year-over-year).
- 2022: Revenue of $740K, expenses of $433K, and assets of $4.5M (revenue +51.6% year-over-year).
- 2021: Revenue of $488K, expenses of $309K, and assets of $4.9M (revenue +188.1% year-over-year).
- 2020: Revenue of $169K, expenses of $225K, and assets of $3.8M (revenue -73.1% year-over-year).
- 2019: Revenue of $629K, expenses of $503K, and assets of $4.3M (revenue -72.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $71K, and assets of $4.4M (revenue +1538.2% year-over-year).
- 2017: Revenue of $140K, expenses of $192K, and assets of $2.1M (revenue -51.5% year-over-year).
- 2016: Revenue of $289K, expenses of $110K, and assets of $2.0M (revenue +1.1% year-over-year).
- 2015: Revenue of $286K, expenses of $94K, and assets of $2.1M (revenue +46.1% year-over-year).
- 2014: Revenue of $196K, expenses of $92K, and assets of $2.0M (revenue +44.4% year-over-year).
- 2013: Revenue of $136K, expenses of $70K, and assets of $1.8M (revenue +69.1% year-over-year).
- 2012: Revenue of $80K, expenses of $271K, and assets of $1.6M (revenue +4.8% year-over-year).
- 2011: Revenue of $77K, expenses of $157K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Porter Leath Early Childhood Foundation:
Data Sources and Methodology
This transparency report for Porter Leath Early Childhood 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.