Project Grad Kenai Peninsula

Analysis

Project Grad Kenai Peninsula is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in November 2003, 23 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 Kenai Peninsula reported income of $585k and spending of $722k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $539k to $585k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income rose by 81%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Grad Kenai Peninsula sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within AK. Charities of a similar size with the same main cause include Corporation for Global Community Development ($585k), The Mid-South Conference Inc ($586k) and Renton Schools Foundation ($585k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $109k (15% of expenses). Other salaries and wages came to $230k. At year end it held assets of $297k against liabilities of $61k, net assets of $237k. It reported 25 employees.