Project Graduation Inc

Analysis

Project Graduation Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 June 2024, Project Graduation Inc reported income of $195k and spending of $183k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $185k to $195k (+5.7%), an average of +5.7% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Graduation 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 57th percentile within TX. Charities of a similar size with the same main cause include Masonic Charity Foundation of New Mexico Inc ($195k), Alexandria Senior Citizens Center Inc ($195k) and Coon Rapids Cardinal Basketball Club ($195k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.