Leadership Foundations

Analysis

Leadership Foundations is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Leadership Foundations reported income of $2.3m and spending of $2.5m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.3m (+4.3%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Leadership Foundations sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include New Manayunk Corp ($2.3m), Monat Gratitude Inc ($2.3m) and Claire Heureuse Community Center Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $595k (24% of expenses). Other salaries and wages came to $218k. At year end it held assets of $460k against liabilities of $597k, net assets of -$138k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.