Steven & Bede Levenson Foundation Inc
Steven & Bede Levenson Foundation consistently spends more than it earns, drawing down on assets.
EIN: 133251182 · Miami, FL · Updated: 2026-03-28
Is Steven & Bede Levenson Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steven & Bede Levenson Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steven & Bede Levenson Foundation Inc
Steven & Bede Levenson Foundation Inc (EIN: 133251182) is a nonprofit organization based in Miami, FL. The organization reported total revenue of $1.8M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steven & Bede Levenson Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steven & Bede Levenson Foundation Inc is a mid-size nonprofit, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $196K |
| Surplus / Deficit | $-24,300 |
| Total Assets | $2.7M |
| Total Liabilities | $1 |
| Net Assets | $2.7M |
| Operating Margin | -14.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 166.7 months |
Financial Health Grade: B
In 2023, Steven & Bede Levenson Foundation Inc reported a deficit of $24K with expenses exceeding revenue, holds 166.7 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), Steven & Bede Levenson Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.5% | -28.5% | -0.9% |
| 2022 | -1.2% | -4.1% | -5.1% |
| 2021 | -62.5% | -2.7% | -5.2% |
| 2020 | +142.9% | -11.8% | -12.2% |
| 2016 | -5.2% | +3.5% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
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 Steven & Bede Levenson Foundation Inc with a Mission Score of 70 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, Steven & Bede Levenson Foundation Inc 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 $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.
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 Steven & Bede Levenson Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, leading to asset depletion (e.g., assets decreased from $3,047,744 in 2020 to $2,715,446 in 2023).
- Lack of detailed NTEE code in provided data, limiting understanding of mission focus.
Strengths
The following positive indicators were identified for Steven & Bede Levenson Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in leadership costs.
- Minimal liabilities reported ($1 in recent years), suggesting sound financial management of debts.
- Consistent asset base, despite drawdowns, indicating a stable foundation for operations.
Frequently Asked Questions about Steven & Bede Levenson Foundation Inc
Is Steven & Bede Levenson Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Steven & Bede Levenson Foundation Inc (EIN: 133251182) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Steven & Bede Levenson Foundation Inc spend its money?
Steven & Bede Levenson Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Steven & Bede Levenson Foundation Inc tax-deductible?
Steven & Bede Levenson Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133251182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific programs or grants the Steven & Bede Levenson Foundation Inc supports?
The provided IRS 990 data does not detail the specific programs or grants supported by the foundation. Further investigation into their full 990 forms would be necessary to understand their programmatic activities.
Why do expenses consistently exceed revenue for the Steven & Bede Levenson Foundation Inc?
Expenses have consistently exceeded revenue in most recent periods (e.g., $195,511 expenses vs. $171,211 revenue in 2023), indicating the foundation is likely spending down its endowment or accumulated assets to fund its activities. This is common for private foundations with a finite lifespan or specific spending goals.
What is the NTEE code for this organization?
The NTEE code for the Steven & Bede Levenson Foundation Inc is currently unknown based on the provided data. This information would help classify its primary area of charitable activity.
Filing History
IRS 990 filing history for Steven & Bede Levenson Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Steven & Bede Levenson Foundation Inc's revenue has grown by 191.5%, moving from $59K to $171K. Total assets increased by 49.7% over the same period, from $1.8M to $2.7M. Total functional expenses rose by 20.7%, from $162K to $196K. In its most recent filing year (2023), Steven & Bede Levenson Foundation Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $196K | $2.7M | $1 | — | — |
| 2022 | $124K | $273K | $2.7M | $1 | — | View 990 |
| 2021 | $126K | $285K | $2.9M | $1 | — | View 990 |
| 2020 | $336K | $293K | $3.0M | $1 | — | View 990 |
| 2016 | $138K | $332K | $3.5M | $75K | — | View 990 |
| 2015 | $146K | $321K | $3.6M | $0 | — | View 990 |
| 2013 | $52K | $185K | $1.6M | $0 | — | View 990 |
| 2012 | $55K | $133K | $1.7M | $0 | — | View 990 |
| 2011 | $59K | $162K | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $196K, and assets of $2.7M (revenue +37.5% year-over-year).
- 2022: Revenue of $124K, expenses of $273K, and assets of $2.7M (revenue -1.2% year-over-year).
- 2021: Revenue of $126K, expenses of $285K, and assets of $2.9M (revenue -62.5% year-over-year).
- 2020: Revenue of $336K, expenses of $293K, and assets of $3.0M (revenue +142.9% year-over-year).
- 2016: Revenue of $138K, expenses of $332K, and assets of $3.5M (revenue -5.2% year-over-year).
- 2015: Revenue of $146K, expenses of $321K, and assets of $3.6M (revenue +179.6% year-over-year).
- 2013: Revenue of $52K, expenses of $185K, and assets of $1.6M (revenue -5.9% year-over-year).
- 2012: Revenue of $55K, expenses of $133K, and assets of $1.7M (revenue -5.5% year-over-year).
- 2011: Revenue of $59K, expenses of $162K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steven & Bede Levenson Foundation Inc:
Data Sources and Methodology
This transparency report for Steven & Bede Levenson 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.