Leeway Inc

Analysis

Leeway Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 1990, 36 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 September 2023, Leeway Inc reported income of $8.7m and spending of $8.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.5m to $8.7m (+16%), an average of +3.7% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Leeway Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Centro de Ayuda Y Terapia Al Nino Con Impedimento Inc ($8.7m), Aliados Health ($8.7m) and Wesley Ridge Residence Corporation ($8.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $480k (5.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.1m against liabilities of $4.5m, net assets of $4.6m. It reported 102 employees.