Lead222 United Ltd

Analysis

Lead222 United Ltd is a registered charity in United States, based in Algonquin, IL. It received its IRS tax-exemption ruling in October 2011, 15 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 August 2023, Lead222 United Ltd reported income of $476k and spending of $465k, spending 98% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $395k to $476k (+21%), an average of +6.4% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lead222 United Ltd sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Ezry Inc ($476k), Project 200 ($477k) and World Water Project ($476k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $293k. At year end it held assets of $208k against liabilities of $3,809, net assets of $205k. It reported 7 employees.