Leto Foundation

Analysis

Leto Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leto Foundation reported income of $80k and spending of $90k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $100k to $80k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Leto Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Rahab Refuge Ministries Inc ($80k), Alternative Seminary ($80k) and Sahaba Foundation Waqf Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,755 against liabilities of $0, net assets of $4,755.