Project Learn Inc

Analysis

Project Learn Inc is a registered charity in United States, based in Elizabethtown, KY. It received its IRS tax-exemption ruling in January 1957, 69 years ago. 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 Learn Inc reported income of $191k and spending of $138k, leaving 28% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $192k to $191k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Learn Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Hope Ministries Inc ($191k), Wyandot Health Foundation Inc ($191k) and Colorado Plateau Mountain-Bike Trail Association Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 33% of the total. Other salaries and wages came to $71k. At year end it held assets of $382k against liabilities of $5,553, net assets of $376k. It reported 8 employees.