Leep Dual Language Academy Charter School

Analysis

Leep Dual Language Academy Charter School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2019, 7 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 June 2023, Leep Dual Language Academy Charter School reported income of $10.8m and spending of $11.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $508k to $10.8m (+2026%), an average of +115% a year. The sharpest change came in the year to June 2020, when income rose by 656%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Leep Dual Language Academy Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Elite Public Schools ($10.8m), Personalized Learning Inc ($10.8m) and Dekalb Agriculture Technology & Environment Inc ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $198k (1.8% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $44.2m against liabilities of $46.0m, net assets of -$1.8m. It reported 140 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.