Leonard J Sholes Charitable Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Leonard J Sholes Charitable Foundation is a 501(c)(3) organization based in Warwick, Rhode Island, registered in 1970, with $7,232 in FY2024 revenue. CharityIndex grades it C+.
1375 Warwick Ave, Warwick, RI, 02888 EIN 23-7089984 Since 1970
Revenue (FY2024)
$7,232
▲ 57.7% vs prior year
Expenses (FY2024)
$1,664
Net assets
$153K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Leonard J Sholes Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating1102 mo reserves · +77% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Leonard J Sholes Charitable Foundation: 1102 mo reserves · +77% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Leonard J Sholes Charitable Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Leonard J Sholes Charitable Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1375 Warwick Ave, Warwick, RI, 02888
- City
- Warwick
- State
- Rhode Island
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $10K (FY2013) to $7,232 (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $153K
Operating margin
77.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$153K
Total liabilities
$0
Net assets
$153K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,232▲57.7% | $1,664▲48.8% | $152,749▲3.8% | $152,749▲3.8% | 990PF |
| 2023 | $4,585 | $1,118▲3627% | $147,181▲2.4% | $147,181▲2.4% | 990PF |
| 2022 | $0 | $30▼99.9% | $143,714 | $143,714 | 990PF |
| 2021 | $0 | $30,882▼22.8% | $143,744▼17.7% | $143,744▼17.7% | 990PF |
| 2020 | $0 | $40,000▲33.1% | $174,626▼18.6% | $174,626▼18.6% | 990PF |
| 2019 | $0▼100% | $30,050▲853% | $214,626▲286% | $214,626▲286% | 990PF |
| 2016 | $3,000▼50.0% | $3,153▼50.3% | $55,626▼0.3% | $55,626▼0.3% | 990PF |
| 2015 | $6,000 | $6,342▲113% | $55,779▼0.6% | $55,779▼0.6% | 990PF |
| 2014 | $0▼100% | $2,975▼85.8% | $56,121▼5.0% | $56,121▼5.0% | 990PF |
| 2013 | $10,317 | $20,923▲228% | $59,096▼15.2% | $59,096▼15.2% | 990PF |
| 2012 | — | $6,372▲153% | $69,702▼7.9% | $69,702▼7.9% | 990PF |
| 2011 | — | $2,523 | $75,720 | $75,720 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Leonard J Sholes Charitable Foundation a legitimate nonprofit?
- Yes. Leonard J Sholes Charitable Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7089984, based in Warwick, Rhode Island. Donations are tax-deductible.
- What is Leonard J Sholes Charitable Foundation's EIN?
- Leonard J Sholes Charitable Foundation's Employer Identification Number (EIN) is 23-7089984.
- How much revenue does Leonard J Sholes Charitable Foundation report?
- Leonard J Sholes Charitable Foundation reported $7,232 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Leonard J Sholes Charitable Foundation have?
- CharityIndex grades Leonard J Sholes Charitable Foundation C+, based on financial health (reserves and operating margin).
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Data for Leonard J Sholes Charitable Foundation (EIN 23-7089984) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.