Envisionleadgrow Inc

Analysis

Envisionleadgrow Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Envisionleadgrow Inc reported income of $829k and spending of $681k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $829k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 306%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Envisionleadgrow Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Oyc Property Holdings Inc ($828k), Richmond-Perrine Optimist Club Inc of Miami Florida ($829k) and Big Brothers Big Sisters of the Lowcountry ($828k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $114k. At year end it held assets of $202k against liabilities of $155k, net assets of $47k. It reported 8 employees.