Melanated Leaders Inc

Analysis

Melanated Leaders Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Melanated Leaders Inc reported income of $228k and spending of $235k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $288k to $228k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Melanated Leaders Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IN. Charities of a similar size with the same main cause include Montpirg Leadership Fund ($228k), Alzheimer Society of Washington ($228k) and Batsheva Learning Center Inc ($228k).

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 $202k against liabilities of $28k, net assets of $173k.