Leap Social Enterprise Inc

Analysis

Leap Social Enterprise Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in October 2018, 8 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 Social Enterprise Inc reported income of $5.7m and spending of $6.2m, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $136k to $5.7m (+4112%), an average of +248% a year. The sharpest change came in the year to December 2021, when income rose by 2127%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leap Social Enterprise Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include The Economic Club of Chicago ($5.7m), The Baptist Preparatory School ($5.7m) and Connecticut Association of Public School Superintendents Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $7.4m against liabilities of $3.1m, net assets of $4.3m. It reported 80 employees.