Lean Enterprise Institute Inc

Analysis

Lean Enterprise Institute Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lean Enterprise Institute Inc reported income of $7.2m and spending of $7.7m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.2m (+56%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lean Enterprise Institute Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Business Development Corporation of the Northern Panhandle ($7.2m), Kenosha Area Business Alliance Foundation Inc ($7.2m) and Green View Incorporated ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.3m (17% of expenses). Other salaries and wages came to $843k. At year end it held assets of $3.0m against liabilities of $1.6m, net assets of $1.4m. It reported 23 employees.