Leap Foundation Inc

Analysis

Leap Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2010, 16 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, Leap Foundation Inc reported income of $633k and spending of $613k, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.8m to $633k (-64%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leap Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Swiss Benevolent Society of New York N Y ($633k), Live Earth Farm Discovery Program ($633k) and Katelle Foundation Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $77k. At year end it held assets of $24k against liabilities of $678k, net assets of -$654k. It reported 2 employees.