Overview

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Est.

2017

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

LEAP YEAR INC is a nonprofit organization dedicated to promoting reading and preparing young, talented students to achieve their academic and leadership potential through college education, ultimately aiming to break the cycle of poverty. With an operating budget of $577.9K and total revenue of $554.2K for the filing year 2025, the organization relies on diverse funding sources, none of which individually account for 50% or more of its revenue. More information can be found on their website at www.theleapyear.org.

Mission Statement

THE MISSION OF LEAP YEAR INC IS TO PREPARE YOUNG, TALENTED STUDENTS TO REACH THEIR ACADEMIC AND LEADERSHIP POTENTIAL BY ATTENDING COLLEGE AND BREAKING THE CYCLE OF POVERTY.
Revenues
$554.2K
Expenses
$752.5K
Net Income:
-$198.3K
Assets
$169.1K
Liabilities
$13.5K
Net Assets:
+$155.6K
Operating Budget
$577.9K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
21
Median grant size
$15K
Largest grant received
$100K
A
Amber Scott
Board Member
J
Jackie Jenkins-Scott
Board Member
T
Thomas Smith
Board Member

Frequently Asked Questions

What is LEAP YEAR INC’s budget?
In 2025, LEAP YEAR INC reported an annual operating budget of around $578 thousand. More detailed financial information is available to registered users.
What causes does LEAP YEAR INC support?
LEAP YEAR INC supports work in Reading promotion.
Where does LEAP YEAR INC operate?
LEAP YEAR INC is headquartered in Atlanta, GA.
Who funded LEAP YEAR INC recently?
In 2025, LEAP YEAR INC received grants from CHARITIES AID FOUNDATION AMERICA, THE COUSINS FOUNDATION INC, and Inspire Brands Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant LEAP YEAR INC received in 2024?
The largest grant to LEAP YEAR INC in 2024 exceeds $100 thousand.
What is LEAP YEAR INC’s reliance on government grants?
LEAP YEAR INC relied on government grants for more than 15% of their total revenue in 2025.