Beginning Project

Analysis

Beginning Project is a registered charity in United States, based in Ukiah, CA. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beginning Project reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.5m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beginning Project sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Ridgewood School Association ($1.5m), Whittier Public Library Foundation ($1.5m) and Islamic Academy of Alabama- Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $92k (6.7% of expenses). Other salaries and wages came to $591k. At year end it held assets of $1.0m against liabilities of $200k, net assets of $820k. It reported 25 employees.