Valedictorian Project Inc

Analysis

Valedictorian Project Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Valedictorian Project Inc reported income of $496k and spending of $571k, spending 115% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $195k to $496k (+154%), an average of +59% a year. The sharpest change came in the year to June 2022, when income rose by 151%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valedictorian Project Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Sherman Heights Community Center Corporation ($496k), Options Inc ($496k) and 13th Man ($496k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $135k (24% of expenses). Other salaries and wages came to $40k. It paid $60k in professional fundraising fees. At year end it held assets of $255k against liabilities of $15k, net assets of $240k. It reported 3 employees.