Leadingage Washington

Analysis

Leadingage Washington is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Leadingage Washington reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $2.0m (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Leadingage Washington 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 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include The Quell Foundation ($2.0m), Neurosurgery Research and Education Foundation ($2.0m) and Developmental Fx-The Developmental & Fragile X Resource Centre ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $300k (15% of expenses). Other salaries and wages came to $508k. At year end it held assets of $6.6m against liabilities of $5.3m, net assets of $1.3m. It reported 7 employees.