415 Leaders Inc

Analysis

415 Leaders Inc is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in May 2022, 4 years ago. 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, 415 Leaders Inc reported income of $386k and spending of $720k, spending 187% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $914k to $386k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 415 Leaders Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Anointed Acres Housing Development ($386k), Elk Riverview Terrace Apartments Inc ($386k) and Urological Research Foundation ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $133k, net assets of $14k.