Modern Classrooms Project Inc

Analysis

Modern Classrooms Project Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Modern Classrooms Project Inc reported income of $7.1m and spending of $6.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $7.1m (+1395%), an average of +97% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Modern Classrooms Project Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 83rd percentile within DC. Charities of a similar size with the same main cause include Kearney Area Community Foundation ($7.1m), United Way of Greater Charlottesville ($7.1m) and Porter County Community Foundation Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $362k (5.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.3m against liabilities of $474k, net assets of $5.8m. It reported 24 employees.