Leo Foundation

Analysis

Leo Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leo Foundation reported income of $287k and spending of $438k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $287k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leo Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within AZ. Charities of a similar size with the same main cause include Wake Forest-Rolesville High School Athletic Boosters Club ($287k), Career Tech High School ($287k) and Millay Club-Southeast Catholic Bishop Neuman Alumni Assoc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $322k against liabilities of $81k, net assets of $241k.