Life-Skills Empowerment and Development Services - Leads - Inc

Analysis

Life-Skills Empowerment and Development Services - Leads - Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in May 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 (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 2021, Life-Skills Empowerment and Development Services - Leads - Inc reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $407k to $1.0m (+155%), an average of +155% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life-Skills Empowerment and Development Services - Leads - Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Manistee County Council on Aging ($1.0m), Aarons Acres ($1.0m) and Friends of Elder Citizens Inc ($1.0m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (11% of expenses). Other salaries and wages came to $433k. At year end it held assets of $126k against liabilities of $70k, net assets of $56k. It reported 68 employees.