American Principles Project Foundation

Analysis

American Principles Project Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 2014, 12 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 December 2022, American Principles Project Foundation reported income of $992k and spending of $1.1m, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $758k to $992k (+31%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Principles Project Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Millbrook Library ($992k), Harford County Public Library Foundation Inc ($992k) and Literacy Solutions Ny Inc ($991k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 117% of the total. Compensation of current officers, directors and key employees was $68k (6.2% of expenses). Other salaries and wages came to $413k. It paid $100k in professional fundraising fees. At year end it held assets of $460k against liabilities of $946k, net assets of -$486k.