Idea Project

Analysis

Idea Project is a registered charity in United States, based in Maple Valley, WA. It received its IRS tax-exemption ruling in October 2014, 12 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 May 2023, Idea Project reported income of $82k and spending of $84k, spending 103% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $140k to $82k (-42%), an average of -42% a year. The sharpest change came in the year to May 2023, when income dropped by 42%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Idea Project sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Wilson Music Promoters ($82k), Morse Elementary School PTO Inc ($82k) and Logistics Officer Association ($82k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $36k against liabilities of $884, net assets of $35k.