Project Stay Scholarships to Able Youth

Analysis

Project Stay Scholarships to Able Youth is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Project Stay Scholarships to Able Youth reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.8m to $1.8m (-1.1%), an average of -0.3% a year. The sharpest change came in the year to August 2022, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Stay Scholarships to Able Youth sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Morningside Montessori School Association ($1.8m), Saint John Paul II School ($1.8m) and Waldorf School of Louisville Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $357k (20% of expenses). Other salaries and wages came to $781k. At year end it held assets of $390k against liabilities of $248k, net assets of $142k. It reported 19 employees.