Leaving the Streets Ministries Inc

Analysis

Leaving the Streets Ministries Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in June 2020, 6 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, Leaving the Streets Ministries Inc reported income of $96k and spending of $106k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $265k to $96k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Leaving the Streets Ministries Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Head Starter Network ($96k), Tarpon Springs Rotary Youth Trust Fund ($96k) and San Francisco Fire Youth Academy ($96k).

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 $40k (37% of expenses). At year end it held assets of -$156 against liabilities of $0, net assets of -$156. It reported 2 employees.