Leap Inc

Analysis

Leap Inc is a registered charity in United States, based in Staples, MN. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Inc reported income of $225k and spending of $243k, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $181k to $225k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leap Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Klein Cain Band Association ($225k), Foundation for Public Education in Georgia Inc ($225k) and Empowering Latina Leadership & Action ($225k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $17k (7.1% of expenses). At year end it held assets of $117k against liabilities of $0, net assets of $117k.