Leap
Leap reports zero officer compensation across all filings amidst significant revenue growth and strong program spending.
EIN: 208132313 · Lansing, MI · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.5M |
| Total Expenses | $44.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $46,166,404 |
| Net Assets | $5.0M |
| Transparency Score | 95/100 |
Is Leap Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leap directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leap
Leap (EIN: 208132313) is a nonprofit organization based in Lansing, MI, classified under NTEE code S41. The organization reported total revenue of $27.5M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leap's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leap is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 35.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46.2M |
| Total Expenses | $44.6M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $16.8M |
| Total Liabilities | $11.7M |
| Net Assets | $5.0M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 70.0% |
| Months of Reserves | 4.5 months |
Financial Health Grade: A
In 2023, Leap reported a surplus of $1.6M with revenue exceeding expenses, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 70.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leap's revenue has grown at a compound annual growth rate (CAGR) of 35.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +401.0% | +463.1% | -23.7% |
| 2022 | -40.5% | -48.1% | +290.8% |
| 2021 | +76.2% | +82.8% | +144.2% |
| 2020 | +273.6% | +245.8% | +44.9% |
| 2019 | +2.1% | +12.1% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Leap with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Leap allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.0%.
Executive Compensation Analysis
Leap consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with revenues reaching $46,166,404 in 202312.
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 Leap's IRS 990 filings:
- Significant fluctuation in assets and revenue year-over-year, which could indicate reliance on large, infrequent grants or projects, potentially impacting long-term stability if not managed carefully.
Strengths
The following positive indicators were identified for Leap:
- Consistent 0% officer compensation across all filings, indicating exceptional financial efficiency and dedication to mission.
- Strong program spending ratio, estimated at 90%, demonstrating effective use of funds for its charitable purpose.
- Substantial revenue growth, particularly from $9.2M in 202212 to $46.1M in 202312, indicating increasing support and capacity.
- Healthy asset-to-liability ratio, with assets of $16.7M significantly exceeding liabilities of $11.7M in the latest filing.
- Long filing history (13 filings) provides a comprehensive view of financial trends and consistent operational reporting.
Frequently Asked Questions about Leap
Is Leap a legitimate charity?
Based on AI analysis of IRS 990 filings, Leap (EIN: 208132313) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Leap spend its money?
Leap directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Leap tax-deductible?
Leap is registered as a tax-exempt nonprofit (EIN: 208132313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Leap CEO make?
Leap's highest-compensated officer earns $46,166,404 annually. The organization reported $27.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Leap's spending goes to programs?
Leap directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leap compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Leap is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leap located?
Leap is headquartered in Lansing, Michigan and files with the IRS under EIN 208132313. It is classified under NTEE code S41.
How many years of IRS 990 filings does Leap have?
Leap 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 $27.5M in total revenue.
Is Leap a good charity?
Based on the available IRS 990 data, Leap appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its program spending ratio is estimated to be very high, and it has demonstrated significant revenue growth.
How does Leap manage to have 0% officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that the organization's leadership is entirely volunteer-based, compensated through a separate entity, or that the compensation falls below the reporting threshold for officers, directors, trustees, and key employees, though the latter is less likely given the organization's scale. Further investigation into their operational model would be needed to fully understand this.
What is the trend in Leap's financial growth?
Leap has experienced significant and somewhat volatile financial growth. Revenue jumped from $9,213,964 in 202212 to $46,166,404 in 202312, a substantial increase. Assets also grew significantly from $1,054,926 in 201412 to $16,782,974 in 202312, though there was a dip from $22,008,824 in 202212.
Are Leap's assets and liabilities well-managed?
In the latest filing (202312), Leap reported assets of $16,782,974 against liabilities of $11,744,105, indicating a healthy financial position where assets comfortably exceed liabilities. While liabilities have increased with growth, the organization maintains a positive net asset balance.
What is Leap's NTEE code and what does it signify?
Leap's NTEE code is S41. This code typically falls under 'Community Improvement & Capacity Building' (S) and specifically 'Economic Development' (S40s), suggesting its mission is focused on fostering economic growth and community development initiatives in Lansing, MI.
Filing History
IRS 990 filing history for Leap showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leap's revenue has grown by 3608.4%, moving from $1.2M to $46.2M. Total assets increased by 6133.8% over the same period, from $269K to $16.8M. Total functional expenses rose by 3299.8%, from $1.3M to $44.6M. In its most recent filing year (2023), Leap reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $11.7M in liabilities against $16.8M in assets (debt-to-asset ratio: 70.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46.2M | $44.6M | $16.8M | $11.7M | — | View 990 |
| 2022 | $9.2M | $7.9M | $22.0M | $18.6M | — | View 990 |
| 2021 | $15.5M | $15.3M | $5.6M | $3.5M | — | View 990 |
| 2020 | $8.8M | $8.3M | $2.3M | $397K | — | — |
| 2019 | $2.4M | $2.4M | $1.6M | $131K | — | View 990 |
| 2018 | $2.3M | $2.2M | $1.6M | $188K | — | View 990 |
| 2017 | $2.2M | $2.2M | $1.3M | $105K | — | View 990 |
| 2016 | $2.4M | $2.1M | $1.3M | $124K | — | View 990 |
| 2015 | $2.3M | $2.1M | $1.2M | $208K | — | View 990 |
| 2014 | $2.3M | $2.0M | $1.1M | $245K | — | View 990 |
| 2013 | $2.0M | $1.5M | $923K | $99K | — | View 990 |
| 2012 | $1.4M | $1.3M | $458K | $126K | — | View 990 |
| 2011 | $1.2M | $1.3M | $269K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46.2M, expenses of $44.6M, and assets of $16.8M (revenue +401.0% year-over-year).
- 2022: Revenue of $9.2M, expenses of $7.9M, and assets of $22.0M (revenue -40.5% year-over-year).
- 2021: Revenue of $15.5M, expenses of $15.3M, and assets of $5.6M (revenue +76.2% year-over-year).
- 2020: Revenue of $8.8M, expenses of $8.3M, and assets of $2.3M (revenue +273.6% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $1.6M (revenue +2.1% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.2M, and assets of $1.6M (revenue +3.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.2M, and assets of $1.3M (revenue -6.0% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.1M, and assets of $1.3M (revenue +4.3% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.1M, and assets of $1.2M (revenue +0.9% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.0M, and assets of $1.1M (revenue +10.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.5M, and assets of $923K (revenue +41.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $458K (revenue +15.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $269K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leap:
Data Sources and Methodology
This transparency report for Leap 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.