Friends of Leep Dual Language Academy Inc

Analysis

Friends of Leep Dual Language Academy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2020, 6 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 2023, Friends of Leep Dual Language Academy Inc reported income of $3.1m and spending of $2.6m, spending 85% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $2.4m to $3.1m (+28%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Leep Dual Language Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Yma Fashion Scholarship Fund ($3.1m), Jackson Hole Community School ($3.1m) and National Pipeline Joint Apprenticeship and Training Trust ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $28.8m against liabilities of $27.1m, net assets of $1.8m.