Leadership Lorain County

Analysis

Leadership Lorain County is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in June 1992, 34 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 June 2023, Leadership Lorain County reported income of $296k and spending of $276k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $232k to $296k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leadership Lorain County sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Georgia Industrial Home Foundation Inc ($296k), Anderson County Community Action Inc ($296k) and National Bowhunter Education Foundation ($296k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $76k (28% of expenses). Other salaries and wages came to $66k. At year end it held assets of $238k against liabilities of $90k, net assets of $148k. It reported 8 employees.