Leap for Literacy
Nonprofit profile at a glance
- EIN
- 475018646
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990 2022, Form 990-EZ 2024
- Location
- Statham, GA, USA
- Phone
- 7703154412
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy Organizations
Reported finances
- Revenue
- $59,552
- Expenses
- $85,654
- Assets
- $16,226
- Liabilities
- $16,065
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- SEAN HALL (PRESIDENT)
People named in this filing
- STANLEY TUCKER (FOUNDER)
- SEAN HALL (PRESIDENT)
- ANDREA GREEN (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promoting literacy in low income areas
What it reported doing in 2024
To promote a love of reading and writing in children. We provide books to children who are in title one schools
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -43.8%; rating input score 14; 14th percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.99; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 30% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 17% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $90K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 14/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.