Leader Labs Inc

Analysis

Leader Labs Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Leader Labs Inc reported income of $172k and spending of $160k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $104k to $172k (+65%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leader Labs Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within TN. Charities of a similar size with the same main cause include Offshore Racing Outreach Corporation ($172k), Johnstown Band Boosters Inc ($172k) and Trojan Athletic Foundation Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $114k against liabilities of $4,936, net assets of $110k.