Leaps and Bounds of Washington

Analysis

Leaps and Bounds of Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Leaps and Bounds of Washington reported income of $59k and spending of $63k, spending 107% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $107k to $59k (-45%), an average of -45% a year. The sharpest change came in the year to March 2024, when income dropped by 45%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Leaps and Bounds of Washington sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 17th percentile within WA. Charities of a similar size with the same main cause include Marys Advocates ($59k), Harris County Medical Society Alliance Philanthropic Fund ($59k) and Womens Auxiliary Board of the Summit County Childrens Home Inc ($59k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $3,954 against liabilities of $501, net assets of $3,453.