Leadership Montgomery Educational Foundation Inc

Analysis

Leadership Montgomery Educational Foundation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Leadership Montgomery Educational Foundation Inc reported income of $1.4m and spending of $1.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.4m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leadership Montgomery Educational Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include For His Children ($1.4m), South Dakota Parks & Wildlife Foundation ($1.4m) and Association of Pro Life Obstetricians and Gynecologists in ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $168k (13% of expenses). Other salaries and wages came to $462k. At year end it held assets of $2.2m against liabilities of $784k, net assets of $1.4m. It reported 10 employees.