Life Leaders Inc

Analysis

Life Leaders Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 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, Life Leaders Inc reported income of $109k and spending of $202k, spending 186% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $264k to $109k (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Leaders Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within MI. Charities of a similar size with the same main cause include Nevada Association of Conservation Districts ($109k), Animal Advocates of Moore County Inc ($109k) and Operation Go Quickly Inc ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $65k (32% of expenses). At year end it held assets of $76k against liabilities of $129k, net assets of -$53k. It reported 1 employees.