Leach Foundation

Analysis

Leach Foundation is a registered charity in United States, based in Wahpeton, ND. It received its IRS tax-exemption ruling in October 1963, 63 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leach Foundation reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.5m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leach Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within ND. Charities of a similar size with the same main cause include Albert Shanker Institute ($1.5m), Ochiltree United Way ($1.5m) and Womens Services Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $119k (8.2% of expenses). Other salaries and wages came to $807k. At year end it held assets of $2.3m against liabilities of $53k, net assets of $2.2m. It reported 52 employees.