Leadership Enterprise for a Diverse America - Leda

Analysis

Leadership Enterprise for a Diverse America - Leda is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Leadership Enterprise for a Diverse America - Leda reported income of $2.1m and spending of $3.1m, spending 147% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.6m to $2.1m (-41%), an average of -12% a year. The sharpest change came in the year to August 2021, when income dropped by 49%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leadership Enterprise for a Diverse America - Leda sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Fundamental Literacy Foundation ($2.1m), Kheprw Institute ($2.1m) and Romero Academy ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $282k (9.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.1m against liabilities of $289k, net assets of $808k. It reported 73 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.