Leap of Joy

Analysis

Leap of Joy is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Leap of Joy reported income of $128k and spending of $128k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $128k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leap of Joy sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Hemophilia Outreach of El Paso ($128k), Broadway Sacramento Foundation ($128k) and Latah County Historical Society Inc ($128k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 64% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.