Leachman Ministries

Analysis

Leachman Ministries is a registered charity in United States, based in Westcliffe, CO. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Leachman Ministries reported income of $203k and spending of $288k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $237k to $203k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Leachman Ministries sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Christian Resource Center ($203k), South Carolina Aim High Foundation Inc ($203k) and Redimere Group ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (19% of expenses). Other salaries and wages came to $54k. At year end it held assets of $628k against liabilities of $143k, net assets of $485k. It reported 2 employees.