Leap to Success Inc

Analysis

Leap to Success Inc is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 to Success Inc reported income of $542k and spending of $536k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $365k to $542k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Leap to Success Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Reservoir Engineering Research Institute ($542k), Association for Cultural Equity Inc ($543k) and Southeastern Connecticut Television ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $127k (24% of expenses). Other salaries and wages came to $256k. At year end it held assets of $635k against liabilities of $7,237, net assets of $628k. It reported 10 employees.