Leading Into New Communities Inc

Analysis

Leading Into New Communities Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2023, Leading Into New Communities Inc reported income of $4.0m and spending of $3.1m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $4.0m (+236%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leading Into New Communities Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Lutheran Homes of South Carolina Foundation Inc ($4.0m), United Communities Against Poverty Inc ($4.0m) and Elite Alternatives Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. At year end it held assets of $4.0m against liabilities of $2.1m, net assets of $2.0m. It reported 15 employees.