Leap Year

Analysis

Leap Year is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 2016, 10 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 2024, Leap Year reported income of $570k and spending of $628k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $254k to $570k (+124%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 119%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leap Year sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Uncommon Org Inc ($569k), Acfe Foundation ($570k) and Shepherd Elementary School Star Achievers Inc ($569k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $286k. At year end it held assets of $382k against liabilities of $28k, net assets of $354k. It reported 49 employees.