Leadership Newark Inc

Analysis

Leadership Newark Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 August 2023, Leadership Newark Inc reported income of $459k and spending of $442k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $494k to $459k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leadership Newark Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Volunteers of America Inc ($459k), Post Oak Baseball Foundation ($459k) and Big Valley Ambulance Club Inc ($459k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $182k (41% of expenses). Other salaries and wages came to $35k. At year end it held assets of $649k against liabilities of $93k, net assets of $556k. It reported 2 employees.