Leap and Learn Academy

Analysis

Leap and Learn Academy is a registered charity in United States, based in Kingshill, VI. It received its IRS tax-exemption ruling in August 2017, 9 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 December 2023, Leap and Learn Academy reported income of $108k and spending of $107k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $108k (+6.6%), an average of +6.6% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leap and Learn Academy sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 43rd percentile within VI. Charities of a similar size with the same main cause include Cumberland Area Summer Lunch Box Inc ($108k), Massachusetts Association for the Education of Young Children Inc ($108k) and Music Composition Online Mentoring Program Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $196k against liabilities of $146k, net assets of $50k.