Decode Project Inc

Analysis

Decode Project Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Decode Project Inc reported income of $315k and spending of $278k, spending 88% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $276k to $315k (+14%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Decode Project Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include Highland Montessori School ($315k), Liberty Hills Academy ($315k) and Msa Boosters ($315k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $54k (19% of expenses). Other salaries and wages came to $163k. At year end it held assets of $275k against liabilities of $0, net assets of $275k. It reported 24 employees.