Leader Formation International

Analysis

Leader Formation International is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Leader Formation International reported income of $58k and spending of $79k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $125k to $58k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 119% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Leader Formation International sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Aung Chanthar Buddhist Temple ($58k), Mission Churches International Incorporated ($58k) and Cathedral 1000 Endowment Fund Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $44k (56% of expenses). At year end it held assets of $135k against liabilities of $2,224, net assets of $133k. It reported 1 employees.