Leap Inc
Leap Inc shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 113111694 · Brooklyn, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.6M |
| Total Expenses | $6.7M |
| Program Spending | 85% |
| Net Assets | $5.0M |
| Transparency Score | 90/100 |
Is Leap Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leap Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leap Inc
Leap Inc (EIN: 113111694) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code L20Z. The organization reported total revenue of $15.6M and total assets of $14.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leap Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leap Inc is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $6.7M |
| Surplus / Deficit | +$571K |
| Total Assets | $7.0M |
| Total Liabilities | $2.0M |
| Net Assets | $5.0M |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 28.3% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Leap Inc reported a surplus of $571K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 28.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leap Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +18.8% | +8.8% |
| 2022 | -3.7% | +6.8% | +29.1% |
| 2021 | +18.7% | +1.1% | +23.9% |
| 2020 | -6.3% | -3.0% | +12.7% |
| 2019 | -4.3% | +6.6% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Leap Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $571K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.3%.
Executive Compensation Analysis
Leap Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, directors, trustees, or key employees, which is highly unusual and suggests a volunteer-led or extremely lean executive structure.
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 Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Leap Inc:
- Consistent revenue growth, increasing from $4.48 million in 2014 to $7.3 million in 2023.
- Strong asset growth, with assets increasing from $2.43 million in 2014 to $6.96 million in 2023.
- Consistent positive net income in recent years, indicating financial stability (e.g., $571,418 in 2023).
- Zero reported officer compensation, suggesting a high dedication of funds to mission-related activities.
Frequently Asked Questions about Leap Inc
Is Leap Inc a legitimate charity?
Leap Inc (EIN: 113111694) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Leap Inc spend its money?
Leap Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leap Inc tax-deductible?
Leap Inc is registered as a tax-exempt nonprofit (EIN: 113111694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Leap Inc's spending goes to programs?
Leap Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leap Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Leap Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leap Inc located?
Leap Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113111694. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Leap Inc have?
Leap Inc 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 $15.6M in total revenue.
How does Leap Inc manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990, though the latter is less likely for a sustained period. Further investigation into their specific operational model would be beneficial.
What is the primary source of Leap Inc's revenue growth?
While the provided data shows consistent revenue growth from $4.48 million in 2014 to $7.3 million in 2023, the specific sources (e.g., grants, contributions, program service revenue) are not detailed in this summary. Analyzing the full 990 forms would clarify the drivers of this growth.
What is Leap Inc's strategy for managing its liabilities?
Leap Inc's liabilities have fluctuated, increasing from $396,679 in 2014 to $1,971,196 in 2023. While assets have grown significantly faster, maintaining a healthy asset-to-liability ratio, understanding the nature of these liabilities (e.g., program-related payables, debt) would provide more insight into their financial management strategy.
Filing History
IRS 990 filing history for Leap Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leap Inc's revenue has grown by 107.6%, moving from $3.5M to $7.3M. Total assets increased by 247.2% over the same period, from $2.0M to $7.0M. Total functional expenses rose by 97.1%, from $3.4M to $6.7M. In its most recent filing year (2023), Leap Inc reported a surplus of $571K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $7.0M in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $6.7M | $7.0M | $2.0M | — | — |
| 2022 | $6.1M | $5.7M | $6.4M | $2.0M | — | View 990 |
| 2021 | $6.3M | $5.3M | $5.0M | $932K | — | View 990 |
| 2020 | $5.3M | $5.3M | $4.0M | $921K | — | View 990 |
| 2019 | $5.7M | $5.4M | $3.6M | $512K | — | View 990 |
| 2018 | $5.9M | $5.1M | $3.2M | $368K | — | View 990 |
| 2017 | $5.1M | $5.3M | $2.5M | $430K | — | View 990 |
| 2016 | $5.3M | $5.1M | $2.6M | $425K | — | View 990 |
| 2015 | $4.8M | $4.8M | $2.4M | $343K | — | View 990 |
| 2014 | $4.5M | $4.4M | $2.4M | $397K | — | View 990 |
| 2013 | $4.2M | $4.1M | $2.2M | $298K | — | View 990 |
| 2012 | $3.9M | $3.7M | $2.1M | $258K | — | View 990 |
| 2011 | $3.5M | $3.4M | $2.0M | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $6.7M, and assets of $7.0M (revenue +20.5% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.7M, and assets of $6.4M (revenue -3.7% year-over-year).
- 2021: Revenue of $6.3M, expenses of $5.3M, and assets of $5.0M (revenue +18.7% year-over-year).
- 2020: Revenue of $5.3M, expenses of $5.3M, and assets of $4.0M (revenue -6.3% year-over-year).
- 2019: Revenue of $5.7M, expenses of $5.4M, and assets of $3.6M (revenue -4.3% year-over-year).
- 2018: Revenue of $5.9M, expenses of $5.1M, and assets of $3.2M (revenue +15.2% year-over-year).
- 2017: Revenue of $5.1M, expenses of $5.3M, and assets of $2.5M (revenue -2.5% year-over-year).
- 2016: Revenue of $5.3M, expenses of $5.1M, and assets of $2.6M (revenue +9.4% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.8M, and assets of $2.4M (revenue +7.3% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.4M, and assets of $2.4M (revenue +6.8% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.1M, and assets of $2.2M (revenue +8.9% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.7M, and assets of $2.1M (revenue +9.5% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.4M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leap Inc:
Data Sources and Methodology
This transparency report for Leap Inc 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.