Lead the Way Fund Inc

Analysis

Lead the Way Fund Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Lead the Way Fund Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.2m (-0.9%), an average of -0.3% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lead the Way Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Sunshine Family Cares Inc ($1.2m), Great American Community Kitchen ($1.2m) and Central Montana District Six Resources Development Council ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $101k (7.4% of expenses). Other salaries and wages came to $238k. It paid $27k in professional fundraising fees. At year end it held assets of $14.7m against liabilities of $389k, net assets of $14.3m. It reported 9 employees.