Advancement Project Education Fund

Analysis

Advancement Project Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Advancement Project Education Fund reported income of $7.6m and spending of $8.5m, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $3.5m to $7.6m (+117%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 114% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Advancement Project Education Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 84th percentile within DC. Charities of a similar size with the same main cause include Friends for Las Vegas Metropolitan Police Department ($7.6m), Rhode Island Legal Services Inc ($7.6m) and Casa of Los Angeles ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $795k (9.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $17.8m against liabilities of $1.1m, net assets of $16.8m. It reported 54 employees.