Leads

Analysis

Leads is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in June 1966, 60 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 March 2023, Leads reported income of $9.6m and spending of $11.0m, spending 114% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $7.7m to $9.6m (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2022, when income rose by 20%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Leads sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Burnham Center for Community Advancement ($9.6m), Locus Impact Fund ($9.7m) and Community Action of Greater Indianapolis Inc ($9.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 85% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $303k (2.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $15.9m against liabilities of $10.2m, net assets of $5.7m. It reported 115 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.