Project Scholars Inc

Analysis

Project Scholars Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Project Scholars Inc reported income of $117k and spending of $63k, leaving 46% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $134k to $117k (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2021, when income rose by 11028%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Project Scholars Inc 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 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Southern Rivers Energy Trust Inc ($117k), Nancy Owens Breast Cancer Foundation ($117k) and Sandy Hollow Arts and Recreation for the Environment Inc ($117k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 158% of the total. At year end it held assets of $364k against liabilities of $167k, net assets of $197k.