Project Prep Olympic Development Program Inc

Analysis

Project Prep Olympic Development Program Inc is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Prep Olympic Development Program Inc reported income of $356k and spending of $375k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $506k to $356k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Project Prep Olympic Development Program Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Camp Attaway Inc ($355k), Northern Kentucky Baseball Association Inc ($356k) and Friends of Laurelwood Arboretum Inc ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. At year end it held assets of $512k against liabilities of $0, net assets of $512k.