The most common mode of levee failure, breach due to overtopping, is generally considered as a function of a complex set of contributing factors. The goal of this research is to enhance the state of the art and practice for performing levee overtopping risk assessment. For this purpose, a dataset of levee overtopping event records within the portfolio of levee systems maintained by the U.S. Army Corps of Engineers (USACE) is presented. The dataset is utilized with logistic regression analysis to develop a probabilistic model to calculate system response probabilities and assess risk related to levee overtopping. The presented dataset can be used for identifying key factors controlling overtopping behavior, validation of model results, and providing new insight into the phenomenon of levee overtopping. The proposed model offers a practical yet robust tool for levee risk analysis and can be readily employed by engineers and other stakeholders.