Project Grad Akron

Analysis

Project Grad Akron is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Project Grad Akron reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $554k to $1.5m (+169%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Grad Akron 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 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Jefferson County Christian School Inc ($1.5m), Summit Classical Charter School Inc ($1.5m) and Franklin County Learning Center Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $368k (28% of expenses). Other salaries and wages came to $456k. At year end it held assets of $749k against liabilities of $44k, net assets of $705k. It reported 32 employees.