NJ Leep Inc

Analysis

NJ Leep Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 2006, 20 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, NJ Leep Inc reported income of $2.6m and spending of $3.0m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income grew from $2.3m to $2.6m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NJ Leep Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Sonia and Max Silverstein Hebrew Academy ($2.6m), Ubuntu Pathways Inc ($2.6m) and Dwight Hall at Yale ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $195k (6.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.4m against liabilities of $3.4m, net assets of $3.1m. It reported 63 employees.