Leal Elementary Arts Program Leap

Analysis

Leal Elementary Arts Program Leap is a registered charity in United States, based in Cerritos, CA. It received its IRS tax-exemption ruling in March 2004, 22 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 July 2024, Leal Elementary Arts Program Leap reported income of $161k and spending of $138k, spending 86% of its income. Across the 2 years on record, from July 2023 to July 2024, income fell from $208k to $161k (-22%), an average of -22% a year. The sharpest change came in the year to July 2024, when income dropped by 22%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leal Elementary Arts Program Leap sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Friends of St Francis Xavier University Inc ($161k), Branham High School Music Boosters Association ($161k) and Ocala Silver Springs Rotary Club Foundation Inc ($161k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 13% and program service revenue 85% of the total. Other salaries and wages came to $182. At year end it held assets of $135k against liabilities of $4,574, net assets of $130k. It reported 15 employees.