Charity Search / LEAP ACADEMY CHARTER SCHOOL
Education (B28) IRS Verified DX Registered 990 on File

LEAP ACADEMY CHARTER SCHOOL

EIN: 22-3494324 · CAMDEN, NJ 08102-1112 · United States · FY 2023 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 86/100
Reliability (20%) 50/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Mission Statement

The Rutgers University Alfredo Santiago Endowed Scholarship was established in 1999 by CLC Director Dr. Gloria Bonilla-Santiago in loving memory of her husband Alfredo Santiago and with the goal to increase the number of children in Camden who attend college. Since 2005 the Alfredo Santiago Scholarship has made it possible for over 184 students from Camden to attend college. In a city where only 5.5% of adults hold a bachelor’s or professional degree and only 51% hold a high school diploma, there is an urgent need for greater access to and greater affordability of higher education for Camden youth. Each year we have a Fundraising Gala to raise funds to send the students of LEAP to college. This year, our Gala will be held at The Curtis Center in Philadelphia on Friday, December 3, 2021. We are in need of auction items that will entice our guests. The COVID-19 coronavirus pandemic is having a profound impact on low-income communities of color, and our students are confronted with myriad economic, social, and educational challenges exacerbated by the public health emergency. Now more than ever, we are committed to supporting our LEAP graduates on their paths to a college education. These challenges make our upcoming Rutgers Alfredo Santiago Scholarship Fundraising Gala a top priority. As a new class of LEAP seniors enters Rutgers University this fall to join the 48 LEAP alumni who will return for another year, we assure them that their college aspirations are unaffected by this relentless virus. Your support at this time is critical. Help us continue to ensure that costs are not a barrier to higher education for youth from Camden, NJ. You can view our website here: https://www.leapacademycharter.org

Financial Overview — FY 2023
$35.4M
Total Revenue
$28.5M
Total Expenses
$18.9M
Net Assets
302
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 82.5%
Fundraising Efficiency N/A
Operating Reserve 7.97x
Liability-to-Asset 66.4%
Revenue Diversification 92.2%
Compared with Peers
FY 2023
Compared with 3,578 similar organizations (United States, Education, $10M–$100M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
82.5% 84.4%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
17.5% 13.5%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.7%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
8.0 mo 10.9 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
66.4% 34.2%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
92.2% 87.3%
P10P90
Below median
Revenue growth
Year over year revenue growth
9.1% 4.8%
P10P90
Expense growth
Year over year expense growth
9.6% 8.5%
P10P90
Surplus margin
Surplus as a share of revenue
19.5% 2.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $35.4M $28.5M $18.9M 82.5% 302
2022 $32.4M $26.0M $12.0M 80.5% 286
2021 $26.8M $24.8M N/A 271
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Organization Details
EIN
22-3494324
State
NJ
City
CAMDEN
ZIP
08102-1112
Classification
B28
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1997
Foundation Code
Form 990
On File
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