Project Lead the Way Inc

Analysis

Project Lead the Way Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2017, 9 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 June 2024, Project Lead the Way Inc reported income of $69.7m and spending of $65.2m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $60.2m to $69.7m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Lead the Way Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Central Pennsylvania Scholarship Fund ($69.6m), Benedict College ($69.7m) and Lifelong Learning Administration Corporation ($69.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $2.2m (3.4% of expenses). Other salaries and wages came to $25.0m. At year end it held assets of $104.2m against liabilities of $39.5m, net assets of $64.6m. It reported 295 employees.