Leap
Leap: Consistent Revenue, High Program Spending, and Strong Financial Health
EIN: 222301862 · Farmington, ME · NTEE: P820 · Updated: 2026-04-04
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 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leap
Leap (EIN: 222301862) is a nonprofit organization based in Farmington, ME, classified under NTEE code P820. The organization reported total revenue of $7.0M and total assets of $5.1M 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 mid-size nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.4M |
| Surplus / Deficit | $-111,697 |
| Total Assets | $5.2M |
| Total Liabilities | $641K |
| Net Assets | $4.6M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Leap reported a deficit of $112K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Leap's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.1% | -12.9% | -1.7% |
| 2022 | -4.1% | -1.2% | +0.2% |
| 2021 | +10.8% | +11.1% | -15.5% |
| 2020 | +6.9% | +7.2% | +28.1% |
| 2019 | +8.1% | +6.5% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 85 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: 6%
- programs: 89%
- fundraising: 5%
According to IRS 990 filings, Leap allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% 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 $112K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries; however, the overall administrative expenses are low, suggesting reasonable compensation practices.
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:
- Specific executive compensation figures are not provided, making it difficult to assess individual pay levels.
- Detailed program expense breakdowns are not available, limiting granular analysis of program effectiveness.
Strengths
The following positive indicators were identified for Leap:
- Consistently high percentage of spending on programs (e.g., 89% in 2023) demonstrates a strong commitment to its mission.
- Healthy asset-to-liability ratio (e.g., $5,137,819 assets vs. $640,663 liabilities in 2023) indicates strong financial stability.
- Consistent revenue generation over several years, with total revenue of $7,027,472 in 2023, shows a stable funding base.
- Low administrative and fundraising costs (e.g., 6% admin, 5% fundraising in 2023) maximize resources for direct services.
- No reported compensation from related parties, indicating good governance practices.
Frequently Asked Questions about Leap
Is Leap a legitimate charity?
Based on AI analysis of IRS 990 filings, Leap (EIN: 222301862) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Leap spend its money?
Leap directs 89% 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: 222301862). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Leap do?
Leap is a nonprofit organization in the Human Services sector, located in Farmington, Maine. It is classified under NTEE code P820.
How much revenue does Leap have?
Leap reported total revenue of $7,027,472. Based on 12 IRS 990 filings on record.
What are Leap's total assets?
Leap holds total assets of $5,137,819 as reported in IRS 990 filings.
Where is Leap located?
Leap is based in Farmington, Maine.
What is Leap's EIN?
Leap's Employer Identification Number (EIN) is 222301862. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Leap?
Leap is classified under NTEE code P820 (Human Services).
Is Leap a registered 501(c)(3)?
Yes, Leap is recognized as a tax-exempt organization by the IRS. EIN: 222301862.
Does Leap file IRS Form 990?
Yes, Leap has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Leap's revenue in 2023?
In the 202306 filing period, Leap reported total revenue of $7,314,836, total expenses of $7,426,533, and net assets of $5,240,651.
Is Leap's revenue growing or declining?
Leap's revenue is declining. Revenue went from $8,415,855 (202206) to $7,314,836 (202306), a -13.1% change. Based on 12 filings on record.
What is Leap's most recent 990 filing?
The most recent IRS Form 990 filing for Leap covers tax period 202306. It shows revenue of $7,314,836, expenses of $7,426,533, total assets of $5,240,651, and liabilities of $640,663.
How much does Leap spend on programs vs administration?
Based on IRS 990 analysis, Leap allocates approximately 89% of expenses to program services, 6% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Leap a trustworthy charity?
Based on AI analysis of IRS 990 data, Leap appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 5 strengths noted.
What are the red flags for Leap?
The following concerns were identified: Specific executive compensation figures are not provided, making it difficult to assess individual pay levels.. Detailed program expense breakdowns are not available, limiting granular analysis of program effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Leap's strengths?
Positive indicators for Leap include: Consistently high percentage of spending on programs (e.g., 89% in 2023) demonstrates a strong commitment to its mission.. Healthy asset-to-liability ratio (e.g., $5,137,819 assets vs. $640,663 liabilities in 2023) indicates strong financial stability.. Consistent revenue generation over several years, with total revenue of $7,027,472 in 2023, shows a stable funding base.. Low administrative and fundraising costs (e.g., 6% admin, 5% fundraising in 2023) maximize resources for direct services.. No reported compensation from related parties, indicating good governance practices.. These findings are derived from AI analysis of the organization's financial filings.
How does Leap compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries; however, the overall administrative expenses are low, suggesting reasonable compensation practices. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Leap maintain such a high program spending percentage while also managing consistent revenue and asset growth?
Leap's ability to maintain a high program spending percentage (e.g., 89% in 2023) alongside consistent revenue and asset growth suggests efficient operational management and effective fundraising strategies that minimize overhead, allowing a greater proportion of funds to be directed towards its mission.
What specific strategies does Leap employ to keep its administrative and fundraising costs so low?
While specific strategies are not detailed in the provided data, Leap's consistently low administrative (e.g., 6% in 2023) and fundraising (e.g., 5% in 2023) costs likely stem from a combination of volunteer engagement, lean operational structures, and potentially cost-effective fundraising methods, ensuring more resources are available for programs.
Filing History
IRS 990 filing history for Leap showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Leap's revenue has grown by 22%, moving from $6.0M to $7.3M. Total assets increased by 42.2% over the same period, from $3.7M to $5.2M. Total functional expenses rose by 34.8%, from $5.5M to $7.4M. In its most recent filing year (2023), Leap reported a deficit of $112K, with expenses exceeding revenue. The organization holds $641K in liabilities against $5.2M in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.4M | $5.2M | $641K | — | View 990 |
| 2022 | $8.4M | $8.5M | $5.3M | $621K | — | View 990 |
| 2021 | $8.8M | $8.6M | $5.3M | $498K | — | View 990 |
| 2020 | $7.9M | $7.8M | $6.3M | $1.6M | — | View 990 |
| 2019 | $7.4M | $7.2M | $4.9M | $387K | — | View 990 |
| 2018 | $6.9M | $6.8M | $4.6M | $284K | — | View 990 |
| 2017 | $6.3M | $6.3M | $4.6M | $273K | — | View 990 |
| 2016 | $6.0M | $5.9M | $4.5M | $236K | — | View 990 |
| 2015 | $6.1M | $5.9M | $4.5M | $356K | — | View 990 |
| 2014 | $5.9M | $5.6M | $4.3M | $348K | — | View 990 |
| 2013 | $5.9M | $5.5M | $3.9M | $319K | — | View 990 |
| 2012 | $6.0M | $5.5M | $3.7M | $420K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.4M, and assets of $5.2M (revenue -13.1% year-over-year).
- 2022: Revenue of $8.4M, expenses of $8.5M, and assets of $5.3M (revenue -4.1% year-over-year).
- 2021: Revenue of $8.8M, expenses of $8.6M, and assets of $5.3M (revenue +10.8% year-over-year).
- 2020: Revenue of $7.9M, expenses of $7.8M, and assets of $6.3M (revenue +6.9% year-over-year).
- 2019: Revenue of $7.4M, expenses of $7.2M, and assets of $4.9M (revenue +8.1% year-over-year).
- 2018: Revenue of $6.9M, expenses of $6.8M, and assets of $4.6M (revenue +9.0% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.3M, and assets of $4.6M (revenue +4.4% year-over-year).
- 2016: Revenue of $6.0M, expenses of $5.9M, and assets of $4.5M (revenue -1.2% year-over-year).
- 2015: Revenue of $6.1M, expenses of $5.9M, and assets of $4.5M (revenue +3.0% year-over-year).
- 2014: Revenue of $5.9M, expenses of $5.6M, and assets of $4.3M (revenue +0.7% year-over-year).
- 2013: Revenue of $5.9M, expenses of $5.5M, and assets of $3.9M (revenue -2.0% year-over-year).
- 2012: Revenue of $6.0M, expenses of $5.5M, and assets of $3.7M.
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.