Leading Edge Alliance Inc

Analysis

Leading Edge Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Leading Edge Alliance Inc reported income of $8.4m and spending of $5.7m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $8.4m (+312%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 126%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leading Edge Alliance Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include SSS Education Foundation ($8.4m), Helix Network of Educational Choices ($8.4m) and Central Park School for Children ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $876k (15% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $13.3m against liabilities of $55k, net assets of $13.3m. It reported 25 employees.