Project Access Foundation Inc

Analysis

Project Access Foundation Inc is a registered charity in United States, based in Hialeah, FL. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Project Access Foundation Inc reported income of $33.9m and spending of $31.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $33.9m (+350%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 149%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Access Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Castilleja School Foundation ($33.9m), St Paul Academy and Summit School ($33.9m) and University of North Carolina Chapel Hill Arts and Sciences Foundation ($33.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $3.7m (12% of expenses). At year end it held assets of $18.7m against liabilities of $761k, net assets of $17.9m. It reported 44 employees.