Lead Africa

Analysis

Lead Africa is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lead Africa reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $1.5m (+360%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 187%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lead Africa 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 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Beechtree Inc ($1.5m), Union Street Charter ($1.5m) and Sunrise School of Miami Inc ($1.5m).

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 $47k (2.8% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.5m against liabilities of $546k, net assets of $921k. It reported 4 employees.