Trustees Of Leavitt Institute
Trustees Of Leavitt Institute maintains strong asset growth and zero liabilities with no officer compensation.
EIN: 10263519 · North Turner, ME · NTEE: B25I · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $398K |
| Total Expenses | $261K |
| Program Spending | 90% |
| Net Assets | $8.6M |
| Transparency Score | 95/100 |
Is Trustees Of Leavitt Institute Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Trustees Of Leavitt Institute directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Trustees Of Leavitt Institute
Trustees Of Leavitt Institute (EIN: 10263519) is a nonprofit organization based in North Turner, ME, classified under NTEE code B25I. The organization reported total revenue of $398K and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of Leavitt Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trustees Of Leavitt Institute is a small nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $398K |
| Total Expenses | $261K |
| Surplus / Deficit | +$137K |
| Total Assets | $8.6M |
| Net Assets | $8.6M |
| Operating Margin | 34.5% |
| Months of Reserves | 396.0 months |
Financial Health Grade: A
In 2024, Trustees Of Leavitt Institute reported a surplus of $137K with revenue exceeding expenses, holds 396.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2024), Trustees Of Leavitt Institute's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -48.1% | +3.9% | +12.3% |
| 2022 | -11.8% | +78.1% | +7.3% |
| 2021 | +513.2% | -19.0% | +30.9% |
| 2020 | -48.7% | +15.2% | -0.6% |
| 2019 | -57.4% | -25.7% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1948 |
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 Trustees Of Leavitt Institute 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, Trustees Of Leavitt Institute 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $137K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for maximizing funds directed 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.
Strengths
The following positive indicators were identified for Trustees Of Leavitt Institute:
- Consistent asset growth, from $4.4M in 201404 to $8.6M in 202404.
- Zero liabilities reported across all filing periods, indicating strong financial stability.
- 0% officer compensation, maximizing funds for programmatic use.
- Expenses consistently well below revenue in most periods, demonstrating efficient financial management.
- Strong financial health with a substantial and growing endowment.
Frequently Asked Questions about Trustees Of Leavitt Institute
Is Trustees Of Leavitt Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Trustees Of Leavitt Institute (EIN: 10263519) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Trustees Of Leavitt Institute spend its money?
Trustees Of Leavitt Institute directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Trustees Of Leavitt Institute tax-deductible?
Trustees Of Leavitt Institute is registered as a tax-exempt nonprofit (EIN: 10263519). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Trustees Of Leavitt Institute compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Trustees Of Leavitt Institute is above average for NTEE category B25I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Trustees Of Leavitt Institute located?
Trustees Of Leavitt Institute is headquartered in North Turner, Maine and files with the IRS under EIN 10263519. It is classified under NTEE code B25I.
How many years of IRS 990 filings does Trustees Of Leavitt Institute have?
Trustees Of Leavitt Institute 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 $398K in total revenue.
Is Trustees Of Leavitt Institute a good charity?
Based on the IRS 990 data, Trustees Of Leavitt Institute appears to be a very good charity. It demonstrates excellent financial health with growing assets and zero liabilities, and its leadership operates without compensation, ensuring maximum resource allocation to its mission.
How does the organization manage its finances given fluctuating revenue?
Despite fluctuating revenues (e.g., $869,904 in 202104 vs. $141,853 in 202004), the organization consistently manages expenses well below revenue in most periods and has steadily grown its assets from $4.4M to $8.6M over a decade, indicating strong financial planning and investment.
What is the impact of having 0% officer compensation?
Having 0% officer compensation means that no funds are used for executive salaries, allowing a significantly larger portion of the organization's budget to be directed towards its programs and mission, enhancing its spending efficiency.
Filing History
IRS 990 filing history for Trustees Of Leavitt Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2024), Trustees Of Leavitt Institute's revenue has grown by 415.1%, moving from $77K to $398K. Total assets increased by 110.9% over the same period, from $4.1M to $8.6M. Total functional expenses rose by 103.8%, from $128K to $261K. In its most recent filing year (2024), Trustees Of Leavitt Institute reported a surplus of $137K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $398K | $261K | $8.6M | $0 | — | — |
| 2022 | $768K | $251K | $7.7M | $0 | — | View 990 |
| 2021 | $870K | $141K | $7.1M | $0 | — | View 990 |
| 2020 | $142K | $174K | $5.5M | $0 | — | View 990 |
| 2019 | $277K | $151K | $5.5M | $0 | — | View 990 |
| 2018 | $649K | $203K | $5.4M | $0 | — | View 990 |
| 2017 | $481K | $163K | $4.9M | $0 | — | View 990 |
| 2016 | $145K | $159K | $4.6M | $0 | — | View 990 |
| 2015 | $361K | $158K | $4.6M | $0 | — | View 990 |
| 2014 | $222K | $184K | $4.4M | $0 | — | View 990 |
| 2013 | $126K | $146K | $4.4M | $0 | — | View 990 |
| 2012 | $297K | $133K | $4.4M | $0 | — | View 990 |
| 2010 | $77K | $128K | $4.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $398K, expenses of $261K, and assets of $8.6M (revenue -48.1% year-over-year).
- 2022: Revenue of $768K, expenses of $251K, and assets of $7.7M (revenue -11.8% year-over-year).
- 2021: Revenue of $870K, expenses of $141K, and assets of $7.1M (revenue +513.2% year-over-year).
- 2020: Revenue of $142K, expenses of $174K, and assets of $5.5M (revenue -48.7% year-over-year).
- 2019: Revenue of $277K, expenses of $151K, and assets of $5.5M (revenue -57.4% year-over-year).
- 2018: Revenue of $649K, expenses of $203K, and assets of $5.4M (revenue +34.9% year-over-year).
- 2017: Revenue of $481K, expenses of $163K, and assets of $4.9M (revenue +231.3% year-over-year).
- 2016: Revenue of $145K, expenses of $159K, and assets of $4.6M (revenue -59.7% year-over-year).
- 2015: Revenue of $361K, expenses of $158K, and assets of $4.6M (revenue +62.7% year-over-year).
- 2014: Revenue of $222K, expenses of $184K, and assets of $4.4M (revenue +76.1% year-over-year).
- 2013: Revenue of $126K, expenses of $146K, and assets of $4.4M (revenue -57.6% year-over-year).
- 2012: Revenue of $297K, expenses of $133K, and assets of $4.4M (revenue +284.8% year-over-year).
- 2010: Revenue of $77K, expenses of $128K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trustees Of Leavitt Institute:
Data Sources and Methodology
This transparency report for Trustees Of Leavitt Institute 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.