Leap Learning Systems
EIN: 363940161 · Chicago, IL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $649K |
| Total Expenses | $571K |
| Net Assets | $151K |
Is Leap Learning Systems Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Leap Learning Systems
Leap Learning Systems (EIN: 363940161) is a nonprofit organization based in Chicago, IL, classified under NTEE code B90. The organization reported total revenue of $649K and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leap Learning Systems's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leap Learning Systems is a small nonprofit that has been operating for 11 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $540K |
| Total Expenses | $571K |
| Surplus / Deficit | $-31,241 |
| Total Assets | $203K |
| Total Liabilities | $52K |
| Net Assets | $151K |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 25.8% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Leap Learning Systems reported a deficit of $31K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 25.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Leap Learning Systems's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +16.8% | -30.9% |
| 2022 | +2.1% | +7.5% | +23.6% |
| 2021 | +14.8% | +14.5% | +73.1% |
| 2020 | +7.1% | +0.4% | +89.0% |
| 2019 | +33.5% | +5.0% | +38.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Leap Learning Systems has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Leap Learning Systems with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.8%.
Frequently Asked Questions about Leap Learning Systems
Is Leap Learning Systems a legitimate charity?
Leap Learning Systems (EIN: 363940161) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $649K. No red flags identified. Financial health grade: B.
How does Leap Learning Systems spend its money?
Leap Learning Systems reported $649K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Leap Learning Systems tax-deductible?
Leap Learning Systems is registered as a tax-exempt nonprofit (EIN: 363940161). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Leap Learning Systems located?
Leap Learning Systems is headquartered in Chicago, Illinois and files with the IRS under EIN 363940161. It is classified under NTEE code B90.
How many years of IRS 990 filings does Leap Learning Systems have?
Leap Learning Systems has 14 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 $649K in total revenue.
Filing History
IRS 990 filing history for Leap Learning Systems showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Leap Learning Systems's revenue has grown by 32.6%, moving from $407K to $540K. Total assets increased by 25.7% over the same period, from $162K to $203K. Total functional expenses rose by 11.7%, from $511K to $571K. In its most recent filing year (2023), Leap Learning Systems reported a deficit of $31K, with expenses exceeding revenue. The organization holds $52K in liabilities against $203K in assets (debt-to-asset ratio: 25.8%), resulting in net assets of $151K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $540K | $571K | $203K | $52K | — | — |
| 2022 | $527K | $489K | $294K | $91K | — | View 990 |
| 2021 | $516K | $455K | $238K | $72K | — | View 990 |
| 2020 | $450K | $397K | $137K | $33K | — | — |
| 2019 | $420K | $396K | $73K | $21K | — | View 990 |
| 2018 | $314K | $377K | $53K | $24K | — | View 990 |
| 2017 | $296K | $362K | $116K | $26K | — | — |
| 2016 | $350K | $266K | $183K | $26K | — | View 990 |
| 2015 | $257K | $412K | $219K | $146K | — | View 990 |
| 2014 | $321K | $316K | $295K | $68K | — | — |
| 2013 | $374K | $371K | $248K | $26K | — | — |
| 2012 | $387K | $368K | $239K | $20K | — | — |
| 2011 | $436K | $393K | $203K | $4K | — | View 990 |
| 2010 | $407K | $511K | $162K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $540K, expenses of $571K, and assets of $203K (revenue +2.4% year-over-year).
- 2022: Revenue of $527K, expenses of $489K, and assets of $294K (revenue +2.1% year-over-year).
- 2021: Revenue of $516K, expenses of $455K, and assets of $238K (revenue +14.8% year-over-year).
- 2020: Revenue of $450K, expenses of $397K, and assets of $137K (revenue +7.1% year-over-year).
- 2019: Revenue of $420K, expenses of $396K, and assets of $73K (revenue +33.5% year-over-year).
- 2018: Revenue of $314K, expenses of $377K, and assets of $53K (revenue +6.2% year-over-year).
- 2017: Revenue of $296K, expenses of $362K, and assets of $116K (revenue -15.5% year-over-year).
- 2016: Revenue of $350K, expenses of $266K, and assets of $183K (revenue +36.4% year-over-year).
- 2015: Revenue of $257K, expenses of $412K, and assets of $219K (revenue -19.9% year-over-year).
- 2014: Revenue of $321K, expenses of $316K, and assets of $295K (revenue -14.2% year-over-year).
- 2013: Revenue of $374K, expenses of $371K, and assets of $248K (revenue -3.5% year-over-year).
- 2012: Revenue of $387K, expenses of $368K, and assets of $239K (revenue -11.1% year-over-year).
- 2011: Revenue of $436K, expenses of $393K, and assets of $203K (revenue +7.0% year-over-year).
- 2010: Revenue of $407K, expenses of $511K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leap Learning Systems:
Data Sources and Methodology
This transparency report for Leap Learning Systems 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.