Armstead Academic Project

Analysis

Armstead Academic Project is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in November 2021, 5 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 2022, Armstead Academic Project reported income of $320k and spending of $318k, spending 99% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $332k to $320k (-3.4%), an average of -3.4% a year. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Armstead Academic Project sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Eddie C and C Sylvia Brown Family Foundation Inc ($320k), Sedalia School District Foundation Inc ($320k) and Outriggercares Foundation ($320k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.