Leap of Faith Learning

Analysis

Leap of Faith Learning is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in July 2015, 11 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 December 2023, Leap of Faith Learning reported income of $314k and spending of $245k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $172k to $314k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leap of Faith Learning sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within AZ. Charities of a similar size with the same main cause include Mira Mesa Instrumental Music Boosters Corporation ($314k), The Center for Student Legal Services ($314k) and Marlin Legacy Foundation ($314k).

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 $49k (20% of expenses). Other salaries and wages came to $97k. At year end it held assets of $230k against liabilities of $9,188, net assets of $221k. It reported 10 employees.