Leap Of Faith Ministries Inc
Leap Of Faith Ministries Inc maintains stable finances with no reported officer compensation.
EIN: 201733121 · Indianapolis, IN · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $392K |
| Total Expenses | $351K |
| Program Spending | 80% |
| Net Assets | $133K |
| Transparency Score | 85/100 |
Is Leap Of Faith Ministries Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Leap Of Faith Ministries Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Leap Of Faith Ministries Inc
Leap Of Faith Ministries Inc (EIN: 201733121) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code P33. The organization reported total revenue of $392K and total assets of $269K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Leap Of Faith Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Leap Of Faith Ministries Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $374K |
| Total Expenses | $351K |
| Surplus / Deficit | +$23K |
| Total Assets | $267K |
| Total Liabilities | $134K |
| Net Assets | $133K |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 50.0% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Leap Of Faith Ministries Inc reported a surplus of $23K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 50.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Leap Of Faith Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | -5.8% | -3.2% |
| 2022 | +16.9% | +28.7% | +11.8% |
| 2021 | +25.0% | -12.5% | -2.7% |
| 2020 | -27.8% | -11.4% | -3.2% |
| 2019 | -16.7% | -20.0% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Of Faith Ministries Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Leap Of Faith Ministries Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is a strong positive for donor perception of direct mission spending.
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.
Strengths
The following positive indicators were identified for Leap Of Faith Ministries Inc:
- Consistent financial stability with revenues generally exceeding expenses in recent years (e.g., 2023 revenue $373,838 vs. expenses $350,567).
- No reported officer compensation across all filings, indicating a lean executive structure and potentially higher direct program spending.
- Stable asset base (e.g., $268,651 latest assets) relative to its operational size.
- Consistent IRS 990 filing history (13 filings), demonstrating good compliance and transparency.
- Manageable liabilities relative to assets, indicating sound financial management.
Frequently Asked Questions about Leap Of Faith Ministries Inc
Is Leap Of Faith Ministries Inc a legitimate charity?
Leap Of Faith Ministries Inc (EIN: 201733121) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $392K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Leap Of Faith Ministries Inc spend its money?
Leap Of Faith Ministries Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Leap Of Faith Ministries Inc tax-deductible?
Leap Of Faith Ministries Inc is registered as a tax-exempt nonprofit (EIN: 201733121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Leap Of Faith Ministries Inc's spending goes to programs?
Leap Of Faith Ministries Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Leap Of Faith Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Leap Of Faith Ministries Inc is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Leap Of Faith Ministries Inc located?
Leap Of Faith Ministries Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 201733121. It is classified under NTEE code P33.
How many years of IRS 990 filings does Leap Of Faith Ministries Inc have?
Leap Of Faith Ministries 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 $392K in total revenue.
Is Leap Of Faith Ministries Inc a good charity?
Based on the available data, Leap Of Faith Ministries Inc appears to be a financially stable organization with a consistent history of operations. The absence of reported officer compensation is a significant positive indicator for donor trust. However, a detailed breakdown of program vs. administrative expenses would provide a more complete picture of their spending efficiency.
How has the organization's financial health changed over time?
Leap Of Faith Ministries Inc has maintained a relatively stable financial position over the past decade. While revenues and expenses have fluctuated, they generally operate with a slight surplus or near break-even, as seen in 2023 (Revenue $373,838, Expenses $350,567). Assets have remained consistent, indicating a steady operational capacity.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings. This suggests a commitment to minimizing overhead related to executive salaries, potentially relying on volunteer leadership or compensating key personnel through other means not classified as officer compensation.
Filing History
IRS 990 filing history for Leap Of Faith Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Leap Of Faith Ministries Inc's revenue has grown by 39.4%, moving from $268K to $374K. Total assets increased by 699.2% over the same period, from $33K to $267K. Total functional expenses rose by 38%, from $254K to $351K. In its most recent filing year (2023), Leap Of Faith Ministries Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $134K in liabilities against $267K in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $133K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $374K | $351K | $267K | $134K | — | — |
| 2022 | $411K | $372K | $276K | $166K | — | View 990 |
| 2021 | $351K | $289K | $247K | $175K | — | View 990 |
| 2020 | $281K | $330K | $253K | $244K | — | — |
| 2019 | $389K | $373K | $262K | $202K | — | View 990 |
| 2018 | $467K | $466K | $235K | $192K | — | View 990 |
| 2017 | $530K | $574K | $262K | $221K | — | View 990 |
| 2016 | $564K | $556K | $296K | $211K | — | View 990 |
| 2015 | $516K | $534K | $316K | $239K | — | View 990 |
| 2014 | $559K | $562K | $356K | $260K | — | View 990 |
| 2013 | $572K | $506K | $395K | $296K | — | View 990 |
| 2012 | $404K | $380K | $270K | $237K | — | View 990 |
| 2011 | $268K | $254K | $33K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $374K, expenses of $351K, and assets of $267K (revenue -9.0% year-over-year).
- 2022: Revenue of $411K, expenses of $372K, and assets of $276K (revenue +16.9% year-over-year).
- 2021: Revenue of $351K, expenses of $289K, and assets of $247K (revenue +25.0% year-over-year).
- 2020: Revenue of $281K, expenses of $330K, and assets of $253K (revenue -27.8% year-over-year).
- 2019: Revenue of $389K, expenses of $373K, and assets of $262K (revenue -16.7% year-over-year).
- 2018: Revenue of $467K, expenses of $466K, and assets of $235K (revenue -11.9% year-over-year).
- 2017: Revenue of $530K, expenses of $574K, and assets of $262K (revenue -6.1% year-over-year).
- 2016: Revenue of $564K, expenses of $556K, and assets of $296K (revenue +9.5% year-over-year).
- 2015: Revenue of $516K, expenses of $534K, and assets of $316K (revenue -7.7% year-over-year).
- 2014: Revenue of $559K, expenses of $562K, and assets of $356K (revenue -2.3% year-over-year).
- 2013: Revenue of $572K, expenses of $506K, and assets of $395K (revenue +41.7% year-over-year).
- 2012: Revenue of $404K, expenses of $380K, and assets of $270K (revenue +50.5% year-over-year).
- 2011: Revenue of $268K, expenses of $254K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Leap Of Faith Ministries Inc:
Data Sources and Methodology
This transparency report for Leap Of Faith Ministries 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.