Leadership Edge Inc

Analysis

Leadership Edge Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 1994, 32 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 2024, Leadership Edge Inc reported income of $534k and spending of $614k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $652k to $534k (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leadership Edge 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 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Aspire 3d ($534k), Spread Hope Now Inc ($534k) and Harlem Attic Treasures ($534k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $241k (39% of expenses). Other salaries and wages came to $242k. At year end it held assets of $173k against liabilities of $14k, net assets of $159k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.