Leak Street Alumni Inc

Analysis

Leak Street Alumni Inc is a registered charity in United States, based in Rockingham, NC. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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 2024, Leak Street Alumni Inc reported income of $514k and spending of $501k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $221k to $514k (+133%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leak Street Alumni Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($514k), Bonnyvale Environmental Education Center at Heifer Hill Inc ($515k) and Ironworkers Joint Apprenticeship & Training Fund ($514k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $127k. At year end it held assets of $226k against liabilities of $1,013, net assets of $225k. It reported 9 employees.