Institute for Entrepreneurial Leadership Inc

Analysis

Institute for Entrepreneurial Leadership Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in October 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Institute for Entrepreneurial Leadership Inc reported income of $3.5m and spending of $2.9m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $3.5m (+1408%), an average of +97% a year. The sharpest change came in the year to December 2020, when income rose by 234%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Entrepreneurial Leadership Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Tulsas Future Inc ($3.5m), Chinatown Manpower Project Inc ($3.5m) and Cook Inlet Lending Center Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $308k (10% of expenses). At year end it held assets of $5.0m against liabilities of $2.8m, net assets of $2.1m. It reported 20 employees.