Leonidas Foundation

Analysis

Leonidas Foundation is a registered charity in United States, based in Cliffside PK, NJ. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Leonidas Foundation reported income of $107k and spending of $132k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $123k to $107k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leonidas Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include American Clinical & Climatological Assn ($107k), Madera Volunteer Ambulance Service ($107k) and Auburn Community Companies Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $55k (42% of expenses). At year end it held assets of $82k against liabilities of $816, net assets of $81k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.