Rosita And Ricardo Leong Foundation
EIN: 266508056 · Honolulu, HI · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $461K |
| Total Expenses | $123K |
| Net Assets | $1.8M |
Is Rosita And Ricardo Leong Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rosita And Ricardo Leong Foundation
Rosita And Ricardo Leong Foundation (EIN: 266508056) is a nonprofit organization based in Honolulu, HI, classified under NTEE code T20. The organization reported total revenue of $461K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rosita And Ricardo Leong Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rosita And Ricardo Leong Foundation is a small nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $543K |
| Total Expenses | $123K |
| Surplus / Deficit | +$420K |
| Total Assets | $1.8M |
| Total Liabilities | $1 |
| Net Assets | $1.8M |
| Operating Margin | 77.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 172.8 months |
Financial Health Grade: A
In 2023, Rosita And Ricardo Leong Foundation reported a surplus of $420K with revenue exceeding expenses, holds 172.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -126.6% | +7133.6% | -12.5% |
| 2021 | -10.5% | -97.5% | +14.2% |
| 2020 | -59.7% | -37.2% | -20.9% |
| 2019 | +1134.3% | +941.3% | +354.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rosita And Ricardo Leong Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rosita And Ricardo Leong Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $420K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Rosita And Ricardo Leong Foundation
Is Rosita And Ricardo Leong Foundation a legitimate charity?
Rosita And Ricardo Leong Foundation (EIN: 266508056) is a registered tax-exempt nonprofit based in Hawaii. It has 9 years of IRS 990 filings on record. Total revenue: $461K. No red flags identified. Financial health grade: A.
How does Rosita And Ricardo Leong Foundation spend its money?
Rosita And Ricardo Leong Foundation reported $461K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rosita And Ricardo Leong Foundation tax-deductible?
Rosita And Ricardo Leong Foundation is registered as a tax-exempt nonprofit (EIN: 266508056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rosita And Ricardo Leong Foundation located?
Rosita And Ricardo Leong Foundation is headquartered in Honolulu, Hawaii and files with the IRS under EIN 266508056. It is classified under NTEE code T20.
How many years of IRS 990 filings does Rosita And Ricardo Leong Foundation have?
Rosita And Ricardo Leong 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 $461K in total revenue.
Filing History
IRS 990 filing history for Rosita And Ricardo Leong Foundation showing financial trends over 9 years of public records:
Total assets increased by 613.8% over the same period, from $248K to $1.8M. Total functional expenses rose by 6052.1%, from $2K to $123K. In its most recent filing year (2023), Rosita And Ricardo Leong Foundation reported a surplus of $420K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $543K | $123K | $1.8M | $1 | — | View 990 |
| 2022 | $-51,584 | $142K | $1.4M | $1 | — | View 990 |
| 2021 | $194K | $2K | $1.5M | $1 | — | View 990 |
| 2020 | $217K | $79K | $1.4M | $1 | — | — |
| 2019 | $538K | $126K | $1.7M | $0 | — | View 990 |
| 2014 | $44K | $12K | $377K | $0 | — | View 990 |
| 2013 | $23K | $5K | $346K | $0 | — | View 990 |
| 2012 | $5K | $4K | $328K | $1 | — | View 990 |
| 2011 | $-1,488 | $2K | $248K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $543K, expenses of $123K, and assets of $1.8M.
- 2022: Revenue of $-51,584, expenses of $142K, and assets of $1.4M (revenue -126.6% year-over-year).
- 2021: Revenue of $194K, expenses of $2K, and assets of $1.5M (revenue -10.5% year-over-year).
- 2020: Revenue of $217K, expenses of $79K, and assets of $1.4M (revenue -59.7% year-over-year).
- 2019: Revenue of $538K, expenses of $126K, and assets of $1.7M (revenue +1134.3% year-over-year).
- 2014: Revenue of $44K, expenses of $12K, and assets of $377K (revenue +85.9% year-over-year).
- 2013: Revenue of $23K, expenses of $5K, and assets of $346K (revenue +394.1% year-over-year).
- 2012: Revenue of $5K, expenses of $4K, and assets of $328K.
- 2011: Revenue of $-1,488, expenses of $2K, and assets of $248K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rosita And Ricardo Leong Foundation:
Data Sources and Methodology
This transparency report for Rosita And Ricardo Leong 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.