Leaders in Tech Inc

Analysis

Leaders in Tech Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Leaders in Tech Inc reported income of $1.7m and spending of $2.1m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leaders in Tech Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Laconia Christian Academy Inc ($1.7m), Second Life Resale Shoppe Inc ($1.7m) and Families in Action for Quality Education ($1.7m).

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 $669k. At year end it held assets of $1.4m against liabilities of $686k, net assets of $672k. It reported 6 employees.