Leaps of Love

Analysis

Leaps of Love is a registered charity in United States, based in Highland, IL. It received its IRS tax-exemption ruling in May 2010, 16 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 December 2023, Leaps of Love reported income of $287k and spending of $227k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $287k (+117%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leaps of Love sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Faith Tabernacle Ministries Inc ($287k), St Francis Thrift Store ($287k) and American Roundtable to Abolish Homelessness Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (8.6% of expenses). At year end it held assets of $163k against liabilities of $540, net assets of $162k.