Sigep Lead Fund

Analysis

Sigep Lead Fund is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 2013, 13 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 June 2023, Sigep Lead Fund reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $1.6m (-50%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 218%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sigep Lead Fund sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Inavale Community Partnersincorporated ($1.6m), Childrens Valley Academy ($1.6m) and Becoming Collegiate Academy Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $439k. At year end it held assets of $1.3m against liabilities of $924k, net assets of $377k.