Lees Friends

Analysis

Lees Friends is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Lees Friends reported income of $266k and spending of $360k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $294k to $266k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lees Friends sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Artists and Craftsmens Guild Inc ($266k), Berkshire Conference of Women Historians ($266k) and Winter Haven Youth Soccer Association Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $70k (19% of expenses). Other salaries and wages came to $102k. At year end it held assets of $1.8m against liabilities of $15k, net assets of $1.8m. It reported 3 employees.