Charity Search / LEASHES OF VALOR
Public & Societal Benefit (W30) IRS Verified DX Registered 990 on File

LEASHES OF VALOR

EIN: 82-1110902 · FREDERICKSBRG, VA 22407-8668 · United States · FY 2024 Data
4 out of 5 66 / 100 Based on 2+ years of filings
Financial strength (30%) 80/100
Reliability (20%) 45/100
Effectiveness (25%) 83/100
Impact (25%) 50/100
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

Leashes of Valor is a national nonprofit that provides highly-trained service dogs to post-9/11 veterans to help with symptoms of post-traumatic stress disorder (PTSD), traumatic brain injury (TBI), and other “unseen wounds” of military service. Whenever possible, we source dogs from animal shelters and rescue organizations. Our goal is to enrich and improve the lives of both veterans and dogs: one leash saves two lives.

Financial Overview — FY 2024
$1.0M
Total Revenue
$623K
Total Expenses
$739K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 85.5%
Fundraising Efficiency 64.5%
Operating Reserve 14.25x
Liability-to-Asset 2.9%
Revenue Diversification 94.9%
Compared with Peers
FY 2024
Compared with 1,513 similar organizations (United States, Public & Societal Benefit, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
85.5% 85.7%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
4.1% 10.4%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
10.4% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
64.5% 9.7%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
14.3 mo 8.5 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
2.9% 0.6%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
94.9% 97.0%
P10P90
Above median
Revenue growth
Year over year revenue growth
83.9% 9.4%
P10P90
Expense growth
Year over year expense growth
14.1% 11.8%
P10P90
Surplus margin
Surplus as a share of revenue
40.2% 2.2%
P10P90
Impact
2 programs
Outcome / Program People Served Cost / Service # Completed Duration
Per service Dog 200 $25,000.00 — Lifetime
per Service dog 9 $25,000.00 — Per Day
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $1.0M $623K $739K 85.5% 0
2023 $566K $546K $298K 68.8% 0
2022 $491K $612K $255K 85.8% 0
2021 $1.4M $460K N/A — 0
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Organization Details
EIN
82-1110902
State
VA
City
FREDERICKSBRG
ZIP
22407-8668
Classification
W30
Category
Public & Societal Benefit
Rating
4★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2017
Foundation Code
15
Form 990
On File
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