Le3 Inc

Analysis

Le3 Inc is a registered charity in United States, based in Williamsville, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Le3 Inc reported income of $2.8m and spending of $3.3m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $850k to $2.8m (+231%), an average of +35% a year. The sharpest change came in the year to August 2021, when income rose by 117%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Le3 Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Henry Ford Community College Foundation ($2.8m), Project Medsend ($2.8m) and Billings Catholic Schools Foundation ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $88k (2.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $665k against liabilities of $1.4m, net assets of -$748k. It reported 191 employees.