Leela Institute

Analysis

Leela Institute is a registered charity in United States, based in West Hills, CA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Leela Institute reported income of $344k and spending of $273k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $344k (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leela Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Historical Society of Glastonbury Incorporated ($344k), Southwest Allen County Schools Music Boosters ($344k) and Jambalaya Capital of the World- Gonzales Louisiana Inc ($343k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $75k (27% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.4m against liabilities of $251k, net assets of $1.1m. It reported 2 employees.