Leo Inc

Analysis

Leo Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Leo Inc reported income of $15.1m and spending of $13.9m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.2m to $15.1m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2022, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leo Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Catholic Charities of Staten Island Inc ($15.1m), The Arc of the South Shore Inc ($15.1m) and Family & Childrens Agency Inc ($15.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 105% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $378k (2.7% of expenses). Other salaries and wages came to $5.7m. It paid $20k in professional fundraising fees. At year end it held assets of $16.7m against liabilities of $2.9m, net assets of $13.8m. It reported 142 employees.