Princeton Project 55 Inc

Analysis

Princeton Project 55 Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in January 1995, 31 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 June 2023, Princeton Project 55 Inc reported income of $538k and spending of $773k, spending 144% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $810k to $538k (-34%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Princeton Project 55 Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Best Friends Foundation ($538k), Emporia Christian School Inc ($538k) and Anne E Fowler Foudation Inc ($538k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $159k (21% of expenses). Other salaries and wages came to $211k. At year end it held assets of $3.9m against liabilities of $46k, net assets of $3.9m. It reported 9 employees.