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Delaware · Nonprofit

LEE INC

LEE INC (Delaware) receives grants from 4 organizations whose IRS filings report $1,726,668 to it, the largest being MEMPHIS EDUCATION FUND INC ($1,516,668). 1 of them have funded it in more than one year.

$25M
Revenue FY2024
4
Funders on record
$1.7M
Grants received
$-378183
Net assets
1/4 repeat funderspeak grant-dependency 2%

Against its field

LEE INC's revenue fell 16% between 2017 and 2024.

Operating margin1% · below the median
Months of reserve1.1mo · bottom quartile
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 4,063 education nonprofits $10M–$100M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($30M) Expenses 100 ($29M) Net assets 100 ($1.2M)2018 Revenue 75 ($22M) Expenses 100 ($28M) Net assets -420 ($-4985250)2019 Revenue 109 ($32M) Expenses 95 ($27M) Net assets 20 ($238k)2020 Revenue 89 ($26M) Expenses 90 ($26M) Net assets 89 ($1.1M)2021 Revenue 110 ($33M) Expenses 100 ($29M) Net assets 428 ($5.1M)2022 Revenue 52 ($16M) Expenses 68 ($19M) Net assets 115 ($1.4M)2023 Revenue 60 ($18M) Expenses 64 ($18M) Net assets 90 ($1.1M)2024 Revenue 84 ($25M) Expenses 87 ($25M) Net assets -32 ($-378183)
'17'18'19'20'21'22'23'24
Revenue (84)Expenses (87)Net assets (-32)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2019 2%. Grants only. Government contracts and fees sit inside program revenue.

95% of LEE INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,261 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

$1.1M
17
$6.2M
18
$5.2M
19
$819k
20
$4.0M
21
$3.7M
22
$305k
23
$279k
24
1.1
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income fell $100k → $55k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
funders
1
1
1
1
1
1
1
1

Left out of every figure on this page: $121M from one payer (the payer shares this organization's board, largest Lee Foundation for Civic Leadership Inc). These are real filings, and they are not money LEE INC raised.

From the IRS filings of LEE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LEE INC leans on a few funders — its largest provides 88% of grant income and the top three 97%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

94% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LEE INC.

88%
largest funder
97%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100%broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

LEE INC draws 100% of its grant income from funders outside Delaware, across 3 states in all.

CA
TN
DC

In-state vs out-of-state, by year

17
18
19
20
21
22
23
Delaware out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 4 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like LEE INC

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Delaware

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 9%Fundraising 0%

Governance

4
board members
75%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 11 states

AK
IL
NY
MA
OR
NJ
CA
MD
TN
GA
FL

Part of a family of 14 related entities

  • Lee Foundation for Civic Leadership Inc · exempt
  • Lee New Jersey PAC · exempt
  • Lee - Texas PAC · exempt
  • Lee Fund · exempt
  • Lee Maryland PAC · exempt

Screen this organization

A dated, signed PDF of the compliance screen for LEE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LEE INC?
LEE INC (Delaware) receives grants from 4 organizations whose IRS filings report $1,726,668 to it, the largest being MEMPHIS EDUCATION FUND INC ($1,516,668). 1 of them have funded it in more than one year.
How many funders does LEE INC have?
IRS filings report 4 organizations giving $1,726,668 in grants to LEE INC, 1 of which have funded it in more than one year.
Who is the largest funder of LEE INC?
MEMPHIS EDUCATION FUND INC is the largest funder on record, with $1,516,668 in grants. The full list of funders is on this page.
How can an organization like LEE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Delaware. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing