Leonid Foundation a NJ Nonprofit Corporation

Analysis

Leonid Foundation a NJ Nonprofit Corporation is a registered charity in United States, based in Monroe TWP, NJ. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Leonid Foundation a NJ Nonprofit Corporation reported income of $74k and spending of $70k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $10k to $74k (+611%), an average of +611% a year. The sharpest change came in the year to December 2023, when income rose by 611%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Leonid Foundation a NJ Nonprofit Corporation 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 29th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Marlborough Rotary Charitable Endowment Inc ($74k), Four Bridges Traveling Permaculture Institute ($74k) and Sacramento Area Firefighters Widows and Orphans Fund ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $3,882 against liabilities of $0, net assets of $3,882.