Fame Leaders Inc

Analysis

Fame Leaders Inc is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fame Leaders Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $668k to $1.1m (+64%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fame Leaders Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within ME. Charities of a similar size with the same main cause include Center for Communication and Development ($1.1m), Jewish Federation of Grand Rapids ($1.1m) and Aldersgate Retirement Community Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,988 against liabilities of $0, net assets of $1,988.