Take the Lead Inc

Analysis

Take the Lead Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2013, 13 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, Take the Lead Inc reported income of $708k and spending of $453k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $855k to $708k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Take the Lead Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Metzenbaum Foundation ($708k), Riverbend Family Ministries NFP ($708k) and Seafood Nutrition Partnership ($708k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $30k (6.6% of expenses). At year end it held assets of $308k against liabilities of $20k, net assets of $287k.