Quick charity verification for Ileap (EIN: 201347313)
Verdict: Ileap shows mixed signals
55/100Mission Score
$198KRevenue
$1Assets
4Red Flags
2Strengths
Red Flags
Persistent net losses in recent years (e.g., $19,991 deficit in 2023, $117,948 deficit in 2022).
Significant negative net asset position in 2023 ($151,957 assets vs. $520,361 liabilities).
Steep decline in revenue from a peak of over $1 million in 2016 to under $350,000 in 2023.
High liabilities relative to assets, indicating potential solvency issues.
Strengths
Consistent filing of IRS Form 990s, indicating transparency in reporting.
No reported officer compensation, potentially indicating efficient use of funds if leadership is volunteer-based.
Spending Breakdown
How Ileap allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ileap
Is Ileap a legitimate charity?
Based on AI analysis of IRS 990 filings, Ileap (EIN: 201347313) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
Is Ileap a good charity to donate to?
Ileap has a Mission Score of 55/100. Revenue: $198K. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ileap?
The Employer Identification Number (EIN) for Ileap is 201347313. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ileap spend its money?
Ileap allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ileap's tax-exempt status?
You can verify Ileap's tax-exempt status using EIN 201347313 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Ileap's financial health shows a concerning trend of declining revenue and persistent net losses in recent years. While the organization reported a net surplus in 2021 ($445,389 revenue vs. $426,260 expenses) and 2019 ($705,812 revenue vs. $447,402 expenses), the most recent filings for 2022 and 2023 show significant deficits. In 2023, expenses exceeded revenue by nearly $20,000 ($369,543 expenses vs. $349,552 revenue), and in 2022, the deficit was over $117,000 ($420,902 expenses vs. $302,954 revenue). This consistent spending beyond income has led to a negative net asset position in 2023, with liabilities ($520,361) significantly outweighing assets ($151,957).
The organization's transparency is generally good, with consistent filing of IRS Form 990s. However, the financial instability, particularly the growing liabilities and negative net assets, raises questions about long-term sustainability. The lack of reported officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated through other means not captured in this specific line item, which could be a positive for efficiency if true, but also warrants further investigation to understand the full compensation structure.