Great Leaps Academy

Analysis

Great Leaps Academy is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Leaps Academy reported income of $245k and spending of $321k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $294k to $245k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 25%. 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, Great Leaps Academy sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Lead Enrich Achieve Progress ($245k), Dothan Montessori School ($245k) and Puget Sound Employers-Boilermakers Apprenticeship & Training Trust ($245k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $200k. At year end it held assets of $147k against liabilities of $28k, net assets of $119k. It reported 8 employees.