Germination Project

Analysis

Germination Project is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 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, Germination Project reported income of $135k and spending of $346k, spending 256% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $135k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Germination Project sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Elbridge Free Library Association ($135k), Westfield Library Foundation Inc ($135k) and PTA Massachuetts Parent-Teacher Association Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $290k. At year end it held assets of $202k against liabilities of $0, net assets of $202k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.