Lead Brevard Inc

Analysis

Lead Brevard Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2023, Lead Brevard Inc reported income of $460k and spending of $389k, spending 85% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $367k to $460k (+25%), an average of +5.8% a year. The sharpest change came in the year to May 2022, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lead Brevard Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include International Society of Sustainability Professionals ($459k), Pathways to Independence of Central Ohio ($460k) and Riverfront Plaza Garage Management Corporation ($459k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $92k (24% of expenses). Other salaries and wages came to $69k. At year end it held assets of $702k against liabilities of $53k, net assets of $649k. It reported 5 employees.