Lead-Chs Foundation

Analysis

Lead-Chs Foundation is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in April 2010, 16 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lead-Chs Foundation reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $2.2m (+977%), an average of +121% a year. The sharpest change came in the year to December 2023, when income rose by 342%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lead-Chs Foundation 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 89th percentile within SC. Charities of a similar size with the same main cause include Open Line Group Homes Inc ($2.2m), Hart Center ($2.2m) and Arkansas Research Alliance ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Other salaries and wages came to $372k. At year end it held assets of $510k against liabilities of $321k, net assets of $188k.