Leesar Inc

Analysis

Leesar Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in May 2009, 17 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Leesar Inc reported income of $299.7m and spending of $297.2m, spending 99% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $259.9m to $299.7m (+15%), an average of +4.9% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leesar Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Houston Food Bank ($298.5m), Goodwill of Central and Northern Arizona ($300.8m) and New York State Industries for the Disabled Inc ($292.3m).

On its Form 990 for the period ending September 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.1m (0.4% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $116.5m against liabilities of $57.9m, net assets of $58.6m. It reported 548 employees.