E320 Project

Analysis

E320 Project is a registered charity in United States, based in Webster, TX. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, E320 Project reported income of $385k and spending of $238k, leaving 38% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $205k to $385k (+88%), an average of +17% a year. The sharpest change came in the year to August 2020, when income rose by 53%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, E320 Project sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Ohio Mayors Alliance Foundation ($385k), Discovery Montessori Early Learning Center Inc ($385k) and Pacem School Inc ($385k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 28% and program service revenue 57% of the total. Other salaries and wages came to $153k. At year end it held assets of $713k against liabilities of $8,303, net assets of $705k. It reported 1 employees.