Leap Arts in Education

Analysis

Leap Arts in Education is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Leap Arts in Education reported income of $763k and spending of $809k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $731k to $763k (+4.4%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leap Arts in Education sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Nigerian Islamic Association of USA ($763k), Senior Adult Activity Center of the Phoenixville Area ($763k) and Ascentria Care Alliance Inc ($763k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 41% of the total. Other salaries and wages came to $611k. At year end it held assets of $529k against liabilities of $28k, net assets of $501k.