Preparing Tomorrows Leaders Today

Analysis

Preparing Tomorrows Leaders Today is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Preparing Tomorrows Leaders Today reported income of $415k and spending of $368k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $834k to $415k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Preparing Tomorrows Leaders Today sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Northeast Ohio Foundation for Patriotism ($415k), Forever Fed Inc ($415k) and Meals on Wheels Walker Countytx Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $9,990 (2.7% of expenses). Other salaries and wages came to $7,993. At year end it held assets of $123k against liabilities of $3,616, net assets of $119k. It reported 2 employees.