Ileap

Analysis

Ileap is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ileap reported income of $350k and spending of $370k, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $417k to $350k (-16%), an average of -3.4% a year. The sharpest change came in the year to December 2019, when income rose by 69%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ileap sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include San Lucas Toliman Scholars ($350k), Propel Education Forum of Mississippi Inc ($350k) and Recording Library of West Texas ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $152k against liabilities of $520k, net assets of -$368k.