Project Ledo

Analysis

Project Ledo is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 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 2023, Project Ledo reported income of $173k and spending of $219k, spending 126% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $230k to $173k (-25%), an average of -25% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Ledo sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OR. Charities of a similar size with the same main cause include Friends of the San Carlos Library ($173k), Building From Below ($173k) and Aegis America Inc ($173k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 73% of the total. At year end it held assets of $158k against liabilities of $8,374, net assets of $150k.