Lever Inc

Analysis

Lever Inc is a registered charity in United States, based in North Adams, MA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lever Inc reported income of $639k and spending of $851k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $732k to $639k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lever Inc 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 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Hub-Third Ave Merchants District Management Association Inc ($639k), Latinos En Spokane ($639k) and Flint River Fresh Inc ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $143k (17% of expenses). Other salaries and wages came to $130k. At year end it held assets of $451k against liabilities of $15k, net assets of $436k. It reported 6 employees.