Sil Lead Inc

Analysis

Sil Lead Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Sil Lead Inc reported income of $433k and spending of $618k, spending 143% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $937k to $433k (-54%), an average of -18% a year. The sharpest change came in the year to September 2023, when income dropped by 31%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sil Lead Inc 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 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Friend Memorial Public Library Inc ($433k), Dr Chaim Cember Shaarei Chinuch Day ($433k) and Chesterton Academy of the Sacred Heart NFP Inc ($433k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $246k (40% of expenses). Other salaries and wages came to $94k. At year end it held assets of $105k against liabilities of $14k, net assets of $91k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.