Leap Inc

Analysis

Leap Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Leap Inc reported income of $7.3m and spending of $6.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $7.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Leap Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Amigos Del Valle Inc ($7.3m), Homes for Families ($7.3m) and Restart Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $292k (4.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $7.0m against liabilities of $2.0m, net assets of $5.0m. It reported 65 employees.