Lahc Leaders Advancing and Helping Communities

Analysis

Lahc Leaders Advancing and Helping Communities is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Lahc Leaders Advancing and Helping Communities reported income of $2.5m and spending of $2.2m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+83%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lahc Leaders Advancing and Helping Communities sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Sawdust Festival Corporation ($2.5m), Childrens Museum of Sonoma County ($2.5m) and Southern Smoke Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $264k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.2m against liabilities of $374k, net assets of $4.8m. It reported 40 employees.