Ladders to Leaders

Analysis

Ladders to Leaders is a registered charity in United States, based in Smithsburg, MD. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ladders to Leaders reported income of $278k and spending of $278k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $175k to $278k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ladders to Leaders sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Wagner Early Childhood Inc ($278k), Trauma Healing Project Inc ($278k) and Johnson County Friends Feeding Friends ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $53k (19% of expenses). Other salaries and wages came to $5,600. At year end it held assets of $121k against liabilities of $12k, net assets of $109k. It reported 3 employees.