Ilead Experience Inc

Analysis

Ilead Experience Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2019, 7 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 (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 2023, Ilead Experience Inc reported income of $695k and spending of $817k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $695k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 354%. Over the whole period it spent 135% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ilead Experience Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Montana Outdoor Science School ($694k), Boys and Girls Club of Nowata Inc ($695k) and Blue Wave After School Inc ($694k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 99% of the total. Other salaries and wages came to $15k. At year end it held assets of $320k against liabilities of $1.2m, net assets of -$834k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.