Leonardos Basement

Analysis

Leonardos Basement is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Leonardos Basement reported income of $523k and spending of $459k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $423k to $523k (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leonardos Basement sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Grannies Respond Abuelas Responden Inc ($523k), Support and More Foundation Inc ($524k) and Community Family Life Centers Inc ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. At year end it held assets of $236k against liabilities of $78k, net assets of $157k. It reported 2 employees.