Project 68 Education Fund Inc

Analysis

Project 68 Education Fund Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2022, 4 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 December 2023, Project 68 Education Fund Inc reported income of $507k and spending of $315k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.0m to $507k (-51%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 75%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project 68 Education Fund Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Mt Washington Childrens Center ($507k), Mansfield Training School District ($507k) and Interfaith Food Bank Inc ($507k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (12% of expenses). At year end it held assets of $231k against liabilities of $300, net assets of $231k.