Lead4life Inc

Analysis

Lead4life Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2008, 18 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 2022, Lead4life Inc reported income of $3.6m and spending of $2.8m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.1m to $3.6m (+235%), an average of +50% a year. The sharpest change came in the year to June 2022, when income rose by 160%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lead4life Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Hello Neighbor ($3.6m), Rescue Mission of El Paso Inc ($3.6m) and Russian Jewish Community Cultural Center ($3.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $105k (3.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.2m against liabilities of $166k, net assets of $1.0m. It reported 34 employees.