Leas Foundation for Leukemia Research Inc

Analysis

Leas Foundation for Leukemia Research Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 July 2024, Leas Foundation for Leukemia Research Inc reported income of $532k and spending of $97k, leaving 82% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $303k to $532k (+76%), an average of +15% a year. The sharpest change came in the year to July 2023, when income rose by 182%. Over the whole period it spent 40% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Leas Foundation for Leukemia Research Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Hospital Hospitality House of Saginaw Incorporated ($531k), Community Inclusion Services ($532k) and Stepping Out Housing Inc ($531k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $1.9m against liabilities of $50k, net assets of $1.8m.