Leep - Labor Economic Education Empowerment

Analysis

Leep - Labor Economic Education Empowerment is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Leep - Labor Economic Education Empowerment reported income of $1.3m and spending of $408k, leaving 68% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $409k to $1.3m (+214%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 773%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leep - Labor Economic Education Empowerment sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within DE. Charities of a similar size with the same main cause include Kalamazoo County Ready 4s ($1.3m), Bags of Love ($1.3m) and Childrens Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (3.9% of expenses). Other salaries and wages came to $29k. It paid $37 in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $87k, net assets of $1.0m. It reported 19 employees.