Friends of the Ellen M Leachmemorial Home

Analysis

Friends of the Ellen M Leachmemorial Home is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of the Ellen M Leachmemorial Home reported income of $437k and spending of $422k, spending 97% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $195k to $437k (+124%), an average of +31% a year. The sharpest change came in the year to September 2022, when income rose by 65%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Ellen M Leachmemorial Home sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Zichron Chasdei Eliezer Inc ($436k), Women Giving As One Inc ($437k) and Loveall Foundation for Children ($436k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $358k against liabilities of $15k, net assets of $342k.