Leadership Education for Asian Pacific Inc

Analysis

Leadership Education for Asian Pacific Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1984, 42 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 October 2023, Leadership Education for Asian Pacific Inc reported income of $2.5m and spending of $2.6m, spending 105% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $867k to $2.5m (+191%), an average of +31% a year. The sharpest change came in the year to October 2021, when income rose by 129%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leadership Education for Asian Pacific Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Tanner Terrace Inc ($2.5m), St John Bosco Clinic Inc ($2.5m) and American College of Toxicology ($2.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 66% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $167k (6.3% of expenses). Other salaries and wages came to $833k. At year end it held assets of $2.2m against liabilities of $1.0m, net assets of $1.2m. It reported 23 employees.