Leap

Analysis

Leap is a registered charity in United States, based in Farmington, ME. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 reported income of $7.3m and spending of $7.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.4m to $7.3m (-1.3%), an average of -0.3% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leap 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 93rd percentile within ME. Charities of a similar size with the same main cause include Hebrew Free Loan Society Inc ($7.3m), Sowega Council on Aging Inc ($7.3m) and Youth Emergency Services Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $127k (1.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $5.2m against liabilities of $641k, net assets of $4.6m. It reported 143 employees.