Project Enlightenment Foundationinc

Analysis

Project Enlightenment Foundationinc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2006, 20 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 2024, Project Enlightenment Foundationinc reported income of $60k and spending of $63k, spending 105% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $25k to $60k (+140%), an average of +55% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 148% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Enlightenment Foundationinc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Murchison Elementary PTO ($60k), The G Family Foundation Inc ($60k) and District 100 Foundation for Excellence in Education Inc ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.