Leap of Faith Ministries Inc

Analysis

Leap of Faith Ministries Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Leap of Faith Ministries Inc reported income of $374k and spending of $351k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $389k to $374k (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leap of Faith Ministries Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Maumee Seniors Inc ($374k), East Carroll Voluntary Council on Aging ($374k) and Atlantic Cultural Connections Inc ($374k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $114k (32% of expenses). Other salaries and wages came to $157k. At year end it held assets of $267k against liabilities of $134k, net assets of $133k. It reported 15 employees.