Project Beetroot

Analysis

Project Beetroot is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Beetroot reported income of $1.6m and spending of $1.3m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $451k to $1.6m (+260%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Beetroot 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 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include New York Seminary Inc ($1.6m), New Beginnings ($1.6m) and Divine Mercy Academy Incorporated ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $75k (5.8% of expenses). Other salaries and wages came to $856k. At year end it held assets of $1.8m against liabilities of $169k, net assets of $1.7m. It reported 59 employees.