Project Athena Foundation

Analysis

Project Athena Foundation is a registered charity in United States, based in Cottonwood, AZ. 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 Athena Foundation reported income of $268k and spending of $290k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $243k to $268k (+10%), an average of +10% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Athena Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include Heppner Day Care Inc ($268k), Crafted Collective Inc ($268k) and Heart Gallery of Broward County Inc ($268k).

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 $40k (14% of expenses). At year end it held assets of $49k against liabilities of $33k, net assets of $16k.