Ace Project Inc

Analysis

Ace Project Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2019, 7 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, Ace Project Inc reported income of $190k and spending of $201k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $175k to $190k (+8.4%), an average of +8.4% a year. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ace Project Inc 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 53rd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include A Mighty Change of Heart Inc ($190k), Access Nonprofit Center ($190k) and D2l Revolution Inc ($190k).

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 $136k against liabilities of $0, net assets of $136k.