Leadership Amarillo Inc

Analysis

Leadership Amarillo Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Leadership Amarillo Inc reported income of $174k and spending of $163k, spending 94% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $133k to $174k (+31%), an average of +31% a year. The sharpest change came in the year to May 2024, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leadership Amarillo Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Monon Civic Preservation Society ($174k), Friends of the Museums of Florida History Inc ($174k) and Afrikan Poetry Theather Inc ($174k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $50k against liabilities of $2,115, net assets of $48k.