Project Learn Inc

Analysis

Project Learn Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in March 2015, 11 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 2023, Project Learn Inc reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $1.0m (+129%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Learn Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Accreditation Commission for Acupuncture and Oriental Medicine ($1.0m), Parent Teacher Home Visits ($1.0m) and Armenian Community Center of Greater Detroit ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.3% of the total. Other salaries and wages came to $520k. At year end it held assets of $887k against liabilities of $74k, net assets of $813k. It reported 6 employees.