Leo
Leo reported $17.5 million in revenue and $14.9 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $88.20 went to program services, $11.35 to management and general costs and $0.45 to fundraising. Its largest source of revenue was contributions and grants: 97.9% of the total. Government grants made up 87.4%. The highest compensation it reported for one person was $246,403 (CHIEF EXECUTIVE OFFICER). 6 people received more than $100,000 in reportable compensation. Revenue rose 43% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.2% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.3% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.9% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 87.4% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.4% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $246,403 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.66% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 6 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 15.7 | 6.9 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEarly childhood education services include head start (ages 3-5) and early head start (ages 6 weeks-3 years) services in lynn. Early head start includes a home-based component and also serves women who are pregnant, up to and beyond delivery. In the past year, leo had 450 children enrolled in its programs, which are based on a comprehensive school readiness curriculum, nutritional and wellness goals, health assessments, and behavioral and mental health support
Leo inc. Provides fuel assistance through the massachusetts home energy assistance program (heap), which protects eligible low-income households from the high cost of home heating. Eligibility. Benefits are based on family size and income. Annually, leo serves approximately 3,500 households and more than 7,500 individuals. The majority of households served include a child under the age of 5, a resident age 60 or older, and/or an individual with disabilities
Leo's community service program includes services to stabilize individuals facing financial emergencies as a result of poverty. Within this program, leo's volunteer income tax assistance (vita) program filed 129 federal and 146 state tax returns for eligible clients, who claimed tax credits resulting in $282,205 in refunds, money that was reinvested into the community
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $194,130 | $0 | $52,273 | $246,403 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $146,500 | $0 | $31,928 | $178,428 |
| CHIEF PROGRAM OFFICER Highest compensated employee, 40.00 hrs/week | $132,686 | $0 | $24,755 | $157,441 |
| DIRECTOR OF HR Highest compensated employee, 40.00 hrs/week | $119,091 | $0 | $31,176 | $150,267 |
| PROGRAM DIRECTOR Highest compensated employee, 40.00 hrs/week | $127,008 | $0 | $16,072 | $143,080 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $122,282 | $0 | $17,981 | $140,263 |
6 people received more than $100,000 in reportable compensation from Leo (Part VII, line 2). Compensation of current officers, directors and key employees totaled $420K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5148
- Volunteers Part I, line 6286
Private foundation grants it received
7 private foundations reported grants to Leo totaling $301K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Leo's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Leo, you can publish a response that is linked from this page.
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Of every $100 Leo spent in FY2025, $88.20 went to programs. The full breakdown, from its IRS Form 990:
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All human services charities · Largest charities in Massachusetts
Questions people ask
How much of Leo's spending goes to programs?
In the fiscal year ending September 30, 2025, Leo reported that 88.2% of its $14.9 million in expenses went to program services, 11.3% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does Leo pay its top executive?
The largest total compensation Leo reported for one person in the fiscal year ending September 30, 2025 was $246,403, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Leo get its money?
Of $17.5 million in revenue in the fiscal year ending September 30, 2025, 97.9% came from contributions and grants (including 87.4% from government grants) and 0.4% from program service revenue (Form 990, Part VIII).
Is Leo a registered charity?
The IRS lists EIN 04-2378885 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202642169349301559 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532169349301673 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202431919349300008 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202341919349300739 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242039349300519 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112999349301431 · read the filing
All filings for EIN 04-2378885: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.