Leaders Industries

Analysis

Leaders Industries is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in July 1991, 35 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 June 2023, Leaders Industries reported income of $3.8m and spending of $2.8m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.9m to $3.8m (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leaders Industries sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NM. Charities of a similar size with the same main cause include Great Falls Rescue Mission ($3.8m), Chrestomathy Inc ($3.8m) and Creative Alternative for Learning and Living ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $149k (5.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.7m against liabilities of $531k, net assets of $1.2m. It reported 71 employees.