Lead Foundation Inc

Analysis

Lead Foundation Inc is a registered charity in United States, based in Hamburg, MI. It received its IRS tax-exemption ruling in February 2011, 15 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 December 2023, Lead Foundation Inc reported income of $266k and spending of $270k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $105k to $266k (+154%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lead Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Lil Spuds Childcare Inc ($266k), Community Farmers Market Inc ($266k) and Meals on Wheels Foundation ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). At year end it held assets of $59k against liabilities of $30k, net assets of $29k.