Ileap
Ileap faces financial instability with declining revenue and growing liabilities, reporting net losses in recent years.
EIN: 201347313 · Seattle, WA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $198K |
| Total Expenses | $370K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-368,404 |
| Transparency Score | 55/100 |
Is Ileap Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ileap directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ileap
Ileap (EIN: 201347313) is a nonprofit organization based in Seattle, WA, classified under NTEE code B60. The organization reported total revenue of $198K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ileap's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ileap is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $350K |
| Total Expenses | $370K |
| Surplus / Deficit | $-19,991 |
| Total Assets | $152K |
| Total Liabilities | $520K |
| Net Assets | $-368,404 |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 342.4% |
| Months of Reserves | 4.9 months |
Financial Health Grade: C
In 2023, Ileap reported a deficit of $20K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 342.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ileap's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | -12.2% | -68.5% |
| 2022 | -32.0% | -1.3% | +23.5% |
| 2021 | -27.2% | -29.3% | +13.8% |
| 2020 | -13.4% | +34.7% | +35.3% |
| 2019 | +69.4% | -27.1% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ileap with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ileap allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 342.4%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, which is unusual for an organization with historical revenues exceeding $1 million, suggesting either volunteer leadership or compensation structured in a way not reported as officer compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ileap's IRS 990 filings:
- 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
The following positive indicators were identified for Ileap:
- 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.
Frequently Asked Questions about Ileap
Is Ileap a legitimate charity?
Ileap (EIN: 201347313) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $198K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Ileap spend its money?
Ileap directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ileap tax-deductible?
Ileap is registered as a tax-exempt nonprofit (EIN: 201347313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ileap CEO make?
Ileap's highest-compensated officer earns $1 annually. The organization reported $198K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ileap's spending goes to programs?
Ileap directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ileap compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Ileap is near average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ileap located?
Ileap is headquartered in Seattle, Washington and files with the IRS under EIN 201347313. It is classified under NTEE code B60.
How many years of IRS 990 filings does Ileap have?
Ileap has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $198K in total revenue.
Is Ileap financially sustainable given its recent deficits?
Ileap has reported net losses in 2023 and 2022, with liabilities significantly exceeding assets in 2023 ($520,361 liabilities vs. $151,957 assets). This trend raises concerns about its long-term financial sustainability without significant changes to its revenue or expense structure.
Why are Ileap's liabilities so high compared to its assets?
In 2023, Ileap reported liabilities of $520,361 against assets of $151,957, resulting in a negative net asset position. This indicates that the organization owes significantly more than it owns, which could be due to accumulated debt, deferred revenue, or other financial obligations.
What caused the significant decline in revenue from 2016 to 2023?
Ileap's revenue peaked at $1,072,598 in 2016 but has steadily declined to $349,552 in 2023. The specific reasons for this decline are not detailed in the provided data but warrant further investigation into funding sources, program changes, or economic factors.
How does Ileap operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings is notable. This could imply that executive leadership is entirely volunteer-based, or that compensation is structured and reported under different expense categories, which would require reviewing the full 990 forms for clarity.
Filing History
IRS 990 filing history for Ileap showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ileap's revenue has declined by 9.4%, moving from $386K to $350K. Total assets increased by 164.3% over the same period, from $57K to $152K. Total functional expenses rose by 5.2%, from $351K to $370K. In its most recent filing year (2023), Ileap reported a deficit of $20K, with expenses exceeding revenue. The organization holds $520K in liabilities against $152K in assets (debt-to-asset ratio: 342.4%), resulting in net assets of $-368,404.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $350K | $370K | $152K | $520K | — | — |
| 2022 | $303K | $421K | $483K | $556K | — | View 990 |
| 2021 | $445K | $426K | $391K | $346K | — | View 990 |
| 2020 | $611K | $603K | $343K | $333K | — | View 990 |
| 2019 | $706K | $447K | $254K | $252K | — | View 990 |
| 2018 | $417K | $614K | $-2,371 | $257K | — | View 990 |
| 2017 | $505K | $815K | $109K | $172K | — | View 990 |
| 2016 | $1.1M | $837K | $358K | $111K | — | View 990 |
| 2015 | $618K | $608K | $114K | $102K | — | View 990 |
| 2014 | $488K | $519K | $77K | $75K | — | View 990 |
| 2013 | $572K | $622K | $93K | $60K | — | View 990 |
| 2012 | $711K | $668K | $97K | $14K | — | View 990 |
| 2011 | $386K | $351K | $57K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $350K, expenses of $370K, and assets of $152K (revenue +15.4% year-over-year).
- 2022: Revenue of $303K, expenses of $421K, and assets of $483K (revenue -32.0% year-over-year).
- 2021: Revenue of $445K, expenses of $426K, and assets of $391K (revenue -27.2% year-over-year).
- 2020: Revenue of $611K, expenses of $603K, and assets of $343K (revenue -13.4% year-over-year).
- 2019: Revenue of $706K, expenses of $447K, and assets of $254K (revenue +69.4% year-over-year).
- 2018: Revenue of $417K, expenses of $614K, and assets of $-2,371 (revenue -17.5% year-over-year).
- 2017: Revenue of $505K, expenses of $815K, and assets of $109K (revenue -52.9% year-over-year).
- 2016: Revenue of $1.1M, expenses of $837K, and assets of $358K (revenue +73.5% year-over-year).
- 2015: Revenue of $618K, expenses of $608K, and assets of $114K (revenue +26.6% year-over-year).
- 2014: Revenue of $488K, expenses of $519K, and assets of $77K (revenue -14.6% year-over-year).
- 2013: Revenue of $572K, expenses of $622K, and assets of $93K (revenue -19.6% year-over-year).
- 2012: Revenue of $711K, expenses of $668K, and assets of $97K (revenue +84.2% year-over-year).
- 2011: Revenue of $386K, expenses of $351K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ileap:
Data Sources and Methodology
This transparency report for Ileap is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.