Leading Cities INC

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501(c)(3) charity; gifts are tax-deductible.
$124K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: 990-PF Part VIII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $128K a year · 23% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$124K
to officers and key staff · 24% of spending
Pay to officers and key staff is 24% of spending.
990-PF Part VIII
19.7 mo
of spending, in cash
19.7 months of spending in cash.
990-PF Pt II · Ln 1–2 · Pt I · Ln 26
Liabilities
$275K
32% of total assets
Liabilities are 32% of assets.
990-PF Pt II · Ln 23
Revenue
$754K
-5% vs prior year
Spent
$517K
Net assets
$584K
By yearFY2020–FY2025
Revenue
$754K
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$340K
FY2021$382K
FY2022$484K
FY2023$595K
FY2024$790K
FY2025$754K
Expenses
$517K
FY2025▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$304K
FY2021$274K
FY2022$301K
FY2023$531K
FY2024$650K
FY2025$517K
Net assets
$584K
FY2025▲ +69%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$165K
FY2022$348K
FY2023$297K
FY2024$344K
FY2025$584K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 15% · $75K Operating & administrative 85% · $442K

Form 990-PF Part I, lines 24–26. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990-PF; $124K paid to officers and key staff (990-PF Part VIII).

990-PF Part VIII · reportable compensation
Presidentceo
$123,846990-PF Pt VIII
$0990-PF Pt VIII
$0990-PF Pt VIII
$0990-PF Pt VIII
$0990-PF Pt VIII
Director
$0990-PF Pt VIII
Treasurer
$0990-PF Pt VIII
$0990-PF Pt VIII

Compensation history total reportable pay by year · 1 named individual · 990-PF Part VIII

NameFY2025FY2024FY2021
Michael Lake$123,846$70,048$75,000

Total reportable compensation (Form 990-PF Part VIII column (c) / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Leading Cities INC executive salaries →

Programs and updates

A private foundation based in Boston, MA.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 2 grants · $150K · 2025–2025
Individual RecipientFY2025$100,000
Individual RecipientFY2025$50,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$75K
Median grantPart XV$100K
Largest grantPart XV$100K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$754K
Gifts and grants$729K
Investment income$25K
Money out
$517K
Grants paid$75K
Running costs$442K
Owns and owes
$584K
net assets
Cash and savings$848K
Total assets$859K
Liabilities$275K
People
10
listed
Paid1
2In more detail
Revenue in detail
Gifts and grants$729K
Investment income$25K
Total revenue$754K
Assets in detailEnd of year
Cash and savings together$848K
Total assets$859K
Liabilities$275K
Net assets$584K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 10, 2026 $754K$517K$237K$584K 990 PDF
FY2024Filed with the IRS Aug 14, 2025 $790K$650K$140K$344K 990 PDF
FY2023Filed with the IRS Nov 11, 2024 $595K$531K$64K$297K 990 PDF
FY2022Filed with the IRS Oct 12, 2023 $484K$301K$183K$348K 990 PDF
FY2021Filed with the IRS Nov 9, 2022 $382K$274K$108K$165K 990 PDF
FY2020Filed with the IRS Jul 12, 2021 $340K$304K$36K$56K 990 PDF

Schedules filed Part IV

G · Fundraising L · Interested persons R · Related orgs

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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