Leadingage Inc

Analysis

Leadingage Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1967, 59 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Leadingage Inc reported income of $20.2m and spending of $22.5m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $21.5m to $20.2m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Leadingage Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 93rd percentile within DC. Charities of a similar size with the same main cause include Arlington Assembly of God Housing Corp ($20.1m), Mof-Preservation of Affordability Corp ($20.2m) and Shelter Inc ($20.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $3.6m (16% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $31.3m against liabilities of $18.6m, net assets of $12.6m. It reported 98 employees.