National Sam Innovation Project Inc

Analysis

National Sam Innovation Project Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2013, 13 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 2023, National Sam Innovation Project Inc reported income of $4.3m and spending of $4.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.5m to $4.3m (-3.1%), an average of -0.8% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Sam Innovation Project Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Bethel Hill Charter School ($4.3m), Challenge School Inc ($4.3m) and Northpoint Bible College ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $257k (5.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $439k, net assets of $708k. It reported 28 employees.