Education Leaders of Color Inc

Analysis

Education Leaders of Color Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2016, 10 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 (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, Education Leaders of Color Inc reported income of $3.0m and spending of $6.0m, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.0m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 170%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Education Leaders of Color Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Floating Museum NFP ($3.0m), Center for the Arts ($3.0m) and Wild Earth Society Incorporated ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $633k (11% of expenses). Other salaries and wages came to $992k. At year end it held assets of $12.3m against liabilities of $376k, net assets of $11.9m. It reported 11 employees.