Project Education Inc

Analysis

Project Education Inc is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Project Education Inc reported income of $209k and spending of $227k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $256k to $209k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Education Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within WA. Charities of a similar size with the same main cause include Ozer Dalim Family Assist Charitable Org Inc ($209k), Food Pantry of Indian River County Inc ($209k) and Chetco Activity Center Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.