Million Dollar Teacher Project

Analysis

Million Dollar Teacher Project is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Million Dollar Teacher Project reported income of $308k and spending of $425k, spending 138% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $688k to $308k (-55%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Million Dollar Teacher Project sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within AZ. Charities of a similar size with the same main cause include Western Pennsylvania Apprenticeship Training Trust Fund ($307k), West Kortright Centre Inc ($308k) and Cairo Community Foundation ($307k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $132k. At year end it held assets of $570k against liabilities of $82k, net assets of $488k. It reported 7 employees.