Ladder Incorporated

Analysis

Ladder Incorporated is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ladder Incorporated reported income of $219k and spending of $344k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $219k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ladder Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Goods for Good Inc ($219k), Volunteers in Action Inc ($219k) and Warehouse NJ ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $58k (17% of expenses). Other salaries and wages came to $49k. At year end it held assets of $1.3m against liabilities of $661k, net assets of $627k. It reported 5 employees.