Leaders for Life Inc

Analysis

Leaders for Life Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Leaders for Life Inc reported income of $1.2m and spending of $986k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $539k to $1.2m (+129%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leaders for Life Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Asian American Lead Ldship Empwment and Devlpment for Youth & Family ($1.2m), Seniors on the Go Inc ($1.2m) and Hardee County Ministerial Association Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $300k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 11 employees.