Leebling Inc

Analysis

Leebling Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Leebling Inc reported income of $1.2m and spending of $979k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $749k to $1.2m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leebling Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Reta Inc ($1.2m), Global Perinatal Services ($1.2m) and Youth Quest Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Other salaries and wages came to $314k. At year end it held assets of $4.2m against liabilities of $2.1m, net assets of $2.0m. It reported 16 employees.