Leap Inc

Analysis

Leap Inc is a registered charity in United States, based in Los Alamitos, CA. It received its IRS tax-exemption ruling in September 2003, 23 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 June 2024, Leap Inc reported income of $153k and spending of $97k, leaving 37% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $133k to $153k (+15%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leap Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Lake Castle Parents Club- Madisonville ($153k), Washington Ag Booster Club ($153k) and Phillipsburg Garnet Booster Club Foundation ($153k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 6.5% and program service revenue 66% of the total. At year end it held assets of $252k against liabilities of $0, net assets of $252k.