The Advance Project

Analysis

The Advance Project is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The Advance Project reported income of $196k and spending of $204k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $196k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 110% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Advance Project sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Dream Builders Inc ($196k), New Hope for Disadvantaged Children ($196k) and Nebraska 4-H Foundation ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $83k against liabilities of $10k, net assets of $73k.